Corrected: Sportsmans Warehouse Q2 revenue rises; same-store sales flat

Sportsman's Warehouse Holdings

01/09/2026 21:22

Corrects Adjusted Net Loss to 'Meet' from 'Miss' in the Key Details table

Overview
Outdoor specialty retailer's Q2 revenue rose 0.6% yr/yr; same-store sales were flat
Q2 adjusted net loss and adjusted loss per share narrowed from prior year
Company cut inventory by $44.5 mln and net debt by $26 mln yr/yr

Outlook
Sportsman's Warehouse reaffirms 2026 same store sales guidance of down 1.0% to up 2.0%
Company expects 2026 adjusted EBITDA of $30 mln to $36 mln
Sportsman's Warehouse expects 2026 capital expenditures of $20 mln to $25 mln, with no new store openings

Result Drivers
HUNTING AND SHOOTING SPORTS - Co said 6.7% growth in Hunting and Shooting Sports, led by firearms and ammunition, helped offset declines in other categories
INVENTORY MANAGEMENT - Gross margin improvement attributed to more disciplined inventory management reducing freight expense and a one-time tariff benefit
CONSUMER AND WEATHER PRESSURE - Declines in other categories reflected continued pressure on U.S. consumer and drought conditions in western U.S. impacting fishing sales

Company press release: ID:nGNX47Q2R4

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
$295.58 mln
$296.71 mln (2 Analysts)
Q2 Adjusted Loss Per Share
Meet
$0.08
$0.08 (2 Analysts)
Q2 Adjusted Net Loss
Miss
$3.12 mln
$3.05 mln (2 Analysts)
Q2 Net Loss
 
$4.43 mln
 
Q2 Gross Profit
 
$96.01 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"
Wall Street's median 12-month price target for Sportsman's Warehouse Holdings Inc is $3.00, about 152.1% above its August 31 closing price of $1.19

Reuters Recommended Reads
Sept 1 - US job openings rise in July after sharp downward revision in prior month

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)