---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-024850"
form_type: "8-K"
ticker: "SPWH"
cik: "0001132105"
company_name: "SPORTSMAN'S WAREHOUSE HOLDINGS, INC."
filed_at: "2023-05-30T23:59:59+00:00"
generated_at: "2026-06-14T11:16:54.958319+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sportsman's Warehouse Q1 net loss $15.6M; same-store sales down 17.8%

## Summary
- Net sales $267.5M vs $309.5M YoY; same-store sales declined 17.8%.
- Net loss of $(15.6)M vs net income of $2.0M in Q1 2022; adjusted net loss $(14.8)M.
- Gross margin fell to 29.9% from 32.0%, driven by product mix and ammunition margins.
- Opened 5 new stores YTD; on track to add 10 more in fiscal 2023 as previously announced.
- Interim CEO Joseph Schneider cited weather and macro headwinds; permanent CEO search ongoing.

## SEC filing metadata
- accession: 0000950170-23-024850
- form_type: 8-K
- ticker: SPWH
- cik: 0001132105
- company_name: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
- filed_at: 2023-05-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1132105/000095017023024850/0000950170-23-024850-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1132105/000095017023024850/spwh-20230530.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-024850
- JSON: https://secwatch.observer/filing/0000950170-23-024850.json
- Plain text: https://secwatch.observer/filing/0000950170-23-024850.txt

## Key facts
- Earnings Releases
  SPORTSMAN'S WAREHOUSE HOLDINGS, INC. reported thirteen weeks ended April 29, 2023 results: revenue $267.5 million, net income $(15.6) million.
  - Period: thirteen weeks ended April 29, 2023
  - Revenue: $267.5 million
  - Net income: $(15.6) million
  - Result: reported results
  source text: and I’m optimistic that we will find a strong leader to take Sportsman’s Warehouse to the next level of growth.” For the thirteen weeks ended April 29, 2023: • Net sales were $267.5 million, compared to $309.5 million in the first quarter of fiscal year 2022. The net sales decrease was primarily due to lower sales demand from weather-related headwinds in the Western
  evidence_url: https://www.sec.gov/Archives/edgar/data/1132105/000095017023024850/0000950170-23-024850-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.