earnings
confidence high
sentiment neutral
materiality 0.75
SPWH reports $299.6M holiday sales flat YoY; Q4 adj EPS guide $0.43-$0.48
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
- Net sales of $299.6M for eight weeks ended Dec 25, 2021, flat vs 2020 but +59.3% vs 2019.
- Same-store sales fell 6.1% overall; excluding firearms/ammo, same-store sales increased 2.8%.
- Ecommerce sales up 2.5% vs 2020 and ~200% vs 2019; three new stores opened.
- $55 million received from terminated merger with Great Outdoors Group; no long-term debt, cash $57.4M.
- Q4 FY2021 guidance: net sales $405-$410M, adj diluted EPS $0.43-$0.48; full year: net sales $1,495-$1,500M, adj EPS $1.66-$1.71.