Sportsman's Warehouse jumps as Q2 beat outshines dull forecast

Sportsmans Warehouse Holdings

02/09/2022 15:42

** Shares of Sportsman's Warehouse Holdings  SPWH.O  rise as
much as 13.3% to $8.96 after the sporting goods retailer tops
market expectations for Q2 results
    ** Stock last up ~5%, set for first day of gains in four
sessions
    ** SPWH after the bell on Thurs reported adjusted profit of
36 cents/share on net sales of $351 mln, both beating Refinitiv
estimates  urn:newsml:reuters.com:*:nTUA4P9H37
    ** Co, however, forecasts Q3 sales and profit below
estimates, as inflationary pressures and concerns around a
recession dent consumer demand for its products
    ** SPWH expects same-store sales to decline 17% to 12% in Q3
    ** YTD, stock down ~30% 

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))