Sportsman's Warehouse Rallies On Q3 Earnings Surprise: Gross Margins Shine Amid Declining Sales [Yahoo! Finance]
Sportsman's Warehouse Holdings, Inc. (SPWH)
Last sportsman's warehouse holdings, inc. earnings: 3/26 04:05 pm
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US:NASDAQ Investor Relations:
investors.sportsmanswarehouse.com/node/5806
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Source: Yahoo! Finance
The company's shares rallied 14.3% to $2.80 premarket on Wednesday as a result of the earnings surprise. The company's gross margin improved by 150 basis points to 31.8% compared to 30.3% in the prior year's third quarter, driven by higher product margins in the apparel and footwear categories. The company revised its FY24 guidance for net sales to $1.18 billion - $1.20 billion and adjusted EBITDA to $23 million - $29 million. It also expects capital expenditures of $17 million - $20 million, primarily for technology investments in merchandising and store productivity. The decline in sales was primarily due to inflationary pressures reducing discretionary spending, leading to lower store traffic and decreased demand across most product categories, especially ammunition, apparel, and footwear. According to CFO Jeff White, the company will 'remain disciplined in managing our expenses, and will reduce total inventory levels to generate positive free cash flow. Our mid and long-te
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News
- Sportsman's Warehouse Holdings, Inc. (SPWH): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Q3 Earnings Highlights: Academy Sports (NASDAQ:ASO) Vs The Rest Of The Specialty Retail Stocks [Yahoo! Finance]Yahoo! Finance
- Sportsman's Warehouse Holdings, Inc. (NASDAQ: SPWH) was upgraded by analysts at B. Riley from a "neutral" rating to a "buy" rating. They now have a $4.00 price target on the stock, up previously from $2.00.MarketBeat
- Sportsman's Warehouse Holdings, Inc. (SPWH) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Sportsman's Warehouse (NASDAQ:SPWH) Reports Strong Q3, Stock Soars [Yahoo! Finance]Yahoo! Finance
SPWH
Earnings
- 12/10/24 - Beat
SPWH
Sec Filings
- 12/11/24 - Form 10-Q
- 12/10/24 - Form 8-K
- 12/6/24 - Form SCHEDULE
- SPWH's page on the SEC website