Sportsmans Warehouse Q1 net sales beat estimates on hunting, shooting sports growth

Sportsman's Warehouse Holdings

02/06/2026 21:22

Overview
US outdoor retailer's Q1 net sales rose 2.8%, beating analyst expectations
Adjusted EPS and adjusted EBITDA for Q1 both beat analyst estimates
Growth driven by hunting, shooting sports and e-commerce; other categories declined amid consumer pressure

Outlook
Company reiterates 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; no new store openings

Result Drivers
HUNTING & SHOOTING SPORTS - Growth in hunting and shooting sports, led by firearms, ammunition, and less-lethal personal protection, was a primary driver of sales, supported by event-driven demand and the spring Range Days event
E-COMMERCE GROWTH - E-commerce sales rose over 6% as the company enhanced its online shopping and website experience
INVENTORY EFFICIENCY - Inventory decreased by more than 6% year-over-year as the company improved seasonal alignment and operating efficiency

Company press release: ID:nGNX28v3mD

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Sales
Beat
$256.08 mln
$252.30 mln (3 Analysts)
Q1 Adjusted EPS
Beat
-$0.39
-$0.54 (3 Analysts)
Q1 EPS
 
-$0.56
 
Q1 Adjusted Net Income
Beat
-$15.10 mln
-$20.97 mln (3 Analysts)
Q1 Net Income
 
-$21.85 mln
 
Q1 Adjusted EBITDA
Beat
-$8.10 mln
-$11.26 mln (3 Analysts)
Q1 Gross Profit
 
$75.78 mln
 
Q1 Operating Income
 
-$18.10 mln
 

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 117.4% above its June 1 closing price of $1.38

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)