secwatch.observer — SEC 8-K summary
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Issuer:     SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH)
CIK:        0001132105
Form:       8-K
Filed at:   2024-04-03T23:59:59+00:00
Accession:  0000950170-24-041069
Event type: earnings
Sentiment:  negative
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1132105/000095017024041069/0000950170-24-041069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1132105/000095017024041069/spwh-20240403.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-041069

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