Sportsman's Warehouse Q1 same-store sales up 2% (first positive in ~4 years); net loss widens to $21.3M

SPORTSMAN'S WAREHOUSE HOLDINGS, INC.

2025-Q1 EPS reported -$0.56 revenue$249,103,000

Net sales $249.1M (+2.0% YoY); same-store sales +2% vs -13.5% in Q1 last year.
Net loss $(21.3)M vs $(18.1)M; adjusted net loss improved to $(15.6)M from $(17.8)M.
Gross margin 30.4% (up 20 bps); SG&A as % of sales improved to 38.2% from 38.6%.
Sales driven by Fishing and Hunting/Shooting Sports departments; core in-stock focus cited.
Company reaffirms full-year 2025 guidance.

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