secwatch.observer — SEC 8-K summary
======================================

Issuer:     SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH)
CIK:        0001132105
Form:       8-K
Filed at:   2024-06-04T23:59:59+00:00
Accession:  0000950170-24-068684
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sportsman's Warehouse Q1 net loss $18.1M; same-store sales down 13.5%
---------------------------------------------------------------------

- Net sales of $244.2M, down 8.7% YoY from $267.5M; same-store sales fell 13.5%.
- Gross profit $73.8M (30.2% of sales) vs $80.0M (29.9%) in prior year; margin improved on fishing category mix.
- SG&A expenses $94.4M (38.7% of sales) vs $99.0M (37.0%) as cost controls offset new-store costs.
- Adjusted net loss $(17.8)M vs $(14.8)M a year ago; full-year 2024 guidance reaffirmed.
- CEO cites challenging macro environment; company using cash to pay down debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1132105/000095017024068684/0000950170-24-068684-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1132105/000095017024068684/spwh-20240604.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-068684

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer