Sportsman’s Warehouse (NASDAQ:SPWH) Issues Quarterly Earnings Results

Sportsman’s Warehouse (NASDAQ:SPWH) announced its quarterly earnings results on Tuesday. The company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.58) by $0.19, FiscalAI reports. The company had revenue of $256.08 million for the quarter, compared to analyst estimates of $252.30 million. Sportsman’s Warehouse had a negative net margin of 4.14% and a negative return on equity of 10.30%. During the same quarter in the prior year, the business posted ($0.56) EPS.

Here are the key takeaways from Sportsman’s Warehouse’s conference call:

• Sportsman’s Warehouse reported Q1 same-store sales up 2.1% and net sales of $256.1 million, with strength led by hunting/shooting sports and fishing despite continued macro pressure on consumers.
• The company said its transformation is centered on its core pursuits, including new initiatives in fishing e-commerce, a Field & Stream partnership, and improved online firearm bundling to boost attachment and basket size.
• Management highlighted continued progress on inventory discipline, including lower inventory year over year and a goal to end fiscal 2026 with less inventory than 2025, which should improve turns and free up working capital.
• Gross margin fell to 29.6% from 30.4% last year, mainly due to product mix skewing toward firearms and ammunition, with some added pressure in other categories.
• The company reiterated full-year guidance, calling for fiscal 2026 net sales of down 1% to up 2% and adjusted EBITDA of $30 million to $36 million, while continuing to prioritize debt reduction and free cash flow generation.

Sportsman’s Warehouse Trading Up 2.9%

Shares of SPWH stock opened at $1.42 on Wednesday. Sportsman’s Warehouse has a 12 month low of $1.08 and a 12 month high of $4.33. The company has a market cap of $55.31 million, a PE ratio of -1.09 and a beta of 0.41. The company has a quick ratio of 0.10, a current ratio of 1.36 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $1.39 and its two-hundred day moving average is $1.47.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research note on Wednesday, May 27th. Wall Street Zen upgraded Sportsman’s Warehouse from a “strong sell” rating to a “sell” rating in a report on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $2.94.

Institutional Trading of Sportsman’s Warehouse

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Sportsman’s Warehouse by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,768,481 shares of the company’s stock valued at $4,899,000 after buying an additional 46,929 shares during the last quarter. Archon Capital Management LLC lifted its position in Sportsman’s Warehouse by 51.6% during the 4th quarter. Archon Capital Management LLC now owns 1,668,905 shares of the company’s stock worth $2,437,000 after acquiring an additional 568,151 shares during the last quarter. Marshall Wace LLP boosted its holdings in Sportsman’s Warehouse by 23.2% during the second quarter. Marshall Wace LLP now owns 1,361,280 shares of the company’s stock valued at $4,696,000 after acquiring an additional 256,768 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Sportsman’s Warehouse by 12.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,220,990 shares of the company’s stock valued at $3,382,000 after acquiring an additional 138,213 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Sportsman’s Warehouse by 16.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,039,101 shares of the company’s stock valued at $2,879,000 after purchasing an additional 148,661 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Key Stories Impacting Sportsman’s Warehouse

Here are the key news stories impacting Sportsman’s Warehouse this week:

• Positive Sentiment: Sportsman’s Warehouse reported a smaller-than-expected Q1 loss of $0.39 per share, beating estimates for a $0.58 loss, while revenue of $256.08 million also topped expectations. Article Title
• Positive Sentiment: Same-store sales increased 2.1% in the quarter, signaling modest demand improvement at the outdoor retailer. Article Title
• Positive Sentiment: The company reaffirmed its full-year 2026 guidance, which can reassure investors that management still expects the business to stay on track. Article Title
• Neutral Sentiment: The company remains unprofitable, with a negative return on equity and net margin, so longer-term fundamentals are still a concern despite the earnings beat. Article Title
• Neutral Sentiment: Broker sentiment has remained lukewarm overall, with analysts carrying an average “Hold” view on SPWH. Article Title

About Sportsman’s Warehouse

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.