Sportsman's Warehouse Holdings Inc. (NASDAQ:SPWH) reported first-quarter results after Tuesday’s closing bell, posting a narrower than expected loss. Here's a look at the details inside the report.
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SPWH Q1 Details
Sportsman’s Warehouse reported a quarterly adjusted loss of 39 cents per share, which beat the estimated loss of 54 cents, according to Benzinga Pro data.
Quarterly revenue came in at $256.08 million, which beat the Street estimate of $252.3 million.
Net sales increased 2.8%, compared to $249.1 million in the first quarter of fiscal 2025.
- Performance was driven primarily by a 7.4% gain in Hunting and Shooting Sports, led by firearms, ammunition and less-lethal personal protection, with some additional event-driven demand.
- Fishing rose 6%, driven by seasonal demands as customers prepared for the spring fishing season.
- Other categories declined, reflecting continued pressure on the U.S. consumer, the company said.
“I’m pleased with our first quarter performance, as same store sales increased 2.1% compared to last year, despite continued consumer economic pressure and higher fuel prices,” said Paul Stone, CEO of Sportsman’s Warehouse.
SPWH Stock Price Activity: According to data from Benzinga Pro, Sportsman's Warehouse stock climbed 10.56% to $1.57 in Tuesday's extended trading.
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