Sportsman's Warehouse Q3 loss $(0.04)/share; Q4 guided to deeper loss on margin pressure

SPORTSMAN'S WAREHOUSE HOLDINGS, INC.

2023-Q3 EPS reported -$0.54 revenue$917,593,000

Q3 net sales $340.6M (-5.3% YoY); same-store sales -11.4%.
Q3 net loss $(1.3)M; adjusted diluted EPS loss $(0.01).
Q4 guidance: sales $365-390M, adjusted EPS loss $(0.25)-$(0.35); gross margins down 600-800 bps YoY.
Inventory $446.3M; cost reduction plan on track; no new store openings planned for fiscal 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. reported the thirteen weeks ended October 28, 2023 results: revenue $340.6 million, net income $(1.3) million, EPS $(0.04).

Period: the thirteen weeks ended October 28, 2023
Revenue: $340.6 million
Net income: $(1.3) million
EPS: $(0.04)
Result: reported results

Exact text from the filing

our customers with a positive holiday shopping experience, highlighted by our unmatched service and passion.” For the thirteen weeks ended October 28, 2023: • Net sales were $340.6 million, a decrease of 5.3%, compared to $359.7 million in the third quarter of fiscal year 2022. The net sales decrease was primarily due to the continued impact of consumer

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. reported the thirty-nine weeks ended October 28, 2023 results: revenue $917.6 million, net income $(20.3) million, EPS $(0.54).

Period: the thirty-nine weeks ended October 28, 2023
Revenue: $917.6 million
Net income: $(20.3) million
EPS: $(0.54)
Result: reported results

Exact text from the filing

earnings per share of $0.34 for the third quarter of fiscal year 2022 (see "GAAP and Non-GAAP Measures"). For the thirty-nine weeks ended October 28, 2023: • Net sales were $917.6 million, a decrease of 10.1%, compared to $1.02 billion in the first nine months of fiscal year 2022. This net sales decrease was primarily driven by lower demand across most product

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Source: SEC EDGAR

accession 0000950170-23-068566

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