secwatch.observer — SEC 8-K summary
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Issuer:     SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH)
CIK:        0001132105
Form:       8-K
Filed at:   2023-05-30T23:59:59+00:00
Accession:  0000950170-23-024850
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1132105/000095017023024850/0000950170-23-024850-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1132105/000095017023024850/spwh-20230530.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-024850

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