Sportsman's Warehouse Beats Q1 Revenue, Adjusted EPS on Strong Hunting & Fishing Sales
Summary
Sportsman's Warehouse reported a Q1 adjusted loss of $0.39 per share, beating analyst estimates of a $0.54 loss, and revenue of $256.1 million, exceeding expectations. This positive performance, driven by strong hunting, shooting, and fishing sales, led to a 2.1% increase in same-store sales and a 2.8% rise in overall revenue. While the company still posted a net loss of $21.8 million, which was noted in earlier SEC filings and news, the market is reacting to the better-than-expected top-line and adjusted profitability. Inventory also decreased over 6% year-over-year, and the company reaffirmed its fiscal-year outlook.
At the time of this announcement, SPWH was trading at $1.55 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $55.3M. The 52-week trading range was $1.08 to $4.33. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.