Sportsman's Warehouse falls on weak Q2 forecast

Sportsmans Warehouse Holdings

30/05/2023 21:53

** Shares of Sportsman's Warehouse Holdings Inc  SPWH.O 
down 7.3% at $5.09 in extended trading 
    ** The sporting goods retailer forecasts Q2 sales and profit
below Wall Street estimates amid uncertain consumer backdrop,
while wet and cold weather in western U.S. also weighs
    ** Company projects Q2 net sales in the range of $310 mln to
$340 mln, compared with analysts' average estimate of $344.8 mln
- Refinitiv
    ** Sees Q2 adjusted EPS between 2 cents and 15 cents, below
analysts' estimate of 20 cents
    ** SPWH also missed Q1 sales expectations and posted
bigger-than-expected loss
    ** Up to last close, stock down 41.7% so far in 2023
    

 (Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))