GlobeNewswire·Jun 2, 2026, 4:05 PM ET

Sportsman's Warehouse Holdings, Inc. Announces First Quarter 2026 Financial Results

SPWH

Sportsman's Warehouse Holdings, Inc. reported financial results for the thirteen weeks ended May 2, 2026, with net sales increasing 2.8% to $256.1 million from $249.1 million in the prior-year period.
Same-store sales grew 2.1% despite consumer economic pressure & higher fuel prices, while e-commerce sales increased by over 6%.
Hunting & Shooting Sports sales rose 7.4%, driven by firearms, ammunition, & personal protection products, while Fishing sales increased 6.0% due to seasonal demand.
Gross profit was $75.8 million (29.6% of net sales), down from 30.4% in the prior year, primarily due to category mix.
Selling, general, & administrative expenses decreased to $93.9 million (36.7% of net sales) from $95.3 million, driven by lower payroll & depreciation expenses.
The company reported a net loss of $21.8 million & diluted loss per share of $0.56, compared to a net loss of $21.3 million & $0.56 per share in the prior year.
Adjusted net loss was $15.1 million, adjusted diluted loss per share was $0.39, & adjusted EBITDA was $8.1 million, all showing improvement over the prior year.
As of May 2, 2026, the company held net debt of $148.4 million & total liquidity of $116.7 million.
Total inventory was $387.1 million, a decrease of $25.1 million year-over-year, reflecting strategies to improve seasonally timed inventory.
Fiscal year 2026 outlook reiterates same-store sales guidance of down 1.0% to up 2.0% & adjusted EBITDA guidance of $30 million to $36 million.
Capital expenditures for 2026 are expected to range from $20 million to $25 million, primarily for technology investments & store maintenance.
No new store openings are planned for fiscal year 2026.