Sportsman's Warehouse Q2 sales rise 1.8% to $293.9M, same-store sales grow 2.1%

SPORTSMAN'S WAREHOUSE HOLDINGS, INC.

2025-Q2 EPS reported -$0.74 revenue$543,002,000

Same store sales increased 2.1% year-over-year, outperforming Q2 Adjusted NICS data
Gross margin expanded 80 basis points to 32.0% of sales, driven by healthier inventory and fishing department gains
Net loss was $(7.1) million vs $(5.9) million a year ago; adjusted net loss improved to $(4.7) million
CEO Paul Stone cited progress on transformation strategy with Alaska markets delivering high single-digit growth
Company improved its full year 2025 outlook, focusing on working capital efficiencies and debt reduction

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