Sportsman's Warehouse posts Q4 net loss $8.7M, full-year sales -8% to $1.288B; FY24 guidance $1.15-1.23B

SPORTSMAN'S WAREHOUSE HOLDINGS, INC.

2023-FY EPS reported -$0.77 revenue$1,287,987,000

Q4 net sales $370.4M (-2.3% YoY); same-store sales -12.8%; net loss $8.7M vs prior income $11.0M.
Full-year net sales $1,288.0M (-8.0% YoY); same-store sales -14.4%; net loss $29.0M vs income $40.5M in FY2022.
FY2024 guidance: net sales $1.15B-$1.23B, adj. EBITDA $45M-$65M, capex $20M-$25M; no new store openings.
Reduced net debt to $122.9M; inventory $354.7M; liquidity $91.4M; cut credit line by $59.4M in Q4.
CEO cites aggressive promotions to reduce distressed inventory; focus on in-store experience and returning to profitability.

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 0.95

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. reported fiscal year 2024 results: revenue 1.15 billion to 1.23 billion. Guidance initiated.

Period: fiscal year 2024
Revenue: 1.15 billion to 1.23 billion
Guidance: initiated
Result: guidance update

Exact text from the filing

For fiscal year 2024, the Company expects net sales to be in the range of $1.15 billion to $1.23 billion and adjusted EBITDA to be in the range of $45 million to $65 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. reported fourteen weeks ended February 3, 2024 results: revenue 370.4 million, net income (8.7) million, EPS (0.23).

Period: fourteen weeks ended February 3, 2024
Revenue: 370.4 million
Net income: (8.7) million
EPS: (0.23)
Result: reported results

Exact text from the filing

For the fourteen weeks ended February 3, 2024: • Net sales were $370.4 million, a decrease of 2.3%, compared to $379.3 million in the fourth quarter of fiscal year 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. reported fifty-three weeks ended February 3, 2024 results: revenue 1,288.0 million, net income (29.0) million, EPS (0.77).

Period: fifty-three weeks ended February 3, 2024
Revenue: 1,288.0 million
Net income: (29.0) million
EPS: (0.77)
Result: reported results

Exact text from the filing

For the fifty-three weeks ended February 3, 2024: • Net sales were $1,288.0 million, compared with $1,399.5 million or a decrease of 8.0% compared to fiscal year 2022.

View on SEC.gov

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Source: SEC EDGAR

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