Sportsman's Warehouse (SPWH)
NASDAQ:SPWH
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Earnings Data
Report Date
Sep 09, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.11Last Year’s EPS
-0.12Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mixture of clear operational progress and lingering challenges. Positive elements include modest top-line growth, strong performance in core categories (hunting/shooting and fishing), e-commerce momentum, tighter inventory control (inventory down 6.1%), SG&A leverage and a small improvement in adjusted EBITDA. Offsetting these gains are continued GAAP net losses, an ~80bp gross margin decline driven by category mix, softness in camping/softlines (partly intentional), and macro headwinds such as high fuel costs. On balance, the company showed constructive trajectory on key transformation initiatives and financial efficiencies while still needing to convert adjusted improvements into GAAP profitability and margin recovery.Company Guidance
Top-line Growth and Comps
Net sales of $256.1M in Q1, up 2.8% year-over-year (from $249.1M). Same-store sales increased 2.1% versus prior year. Management reiterated full-year fiscal 2026 net sales guidance of -1% to +2%.
Hunting & Shooting Category Strength
Hunting and shooting department drove performance with strong results (CFO reported 6.3% same-store growth; CEO noted the department increased over 7% versus prior year). Growth led by firearms, ammunition and less-lethal personal protection, supported by spring range days and firearms solution bundling.
Fishing Momentum and Multi-Year Strength
Fishing sales increased ~6% in Q1 and are up ~17% on a two-year comp stack. Company made website improvements for the online fishing experience and entered a partnership with lifestyle brand Build and String to drive content and traffic.
E-commerce and Omnichannel Momentum
E-commerce-driven sales grew over 6% in the quarter, with improved units per transaction and average order value. E‑commerce drives store traffic (in-store pickup for firearms/ammunition), and management is investing to expand online solution-selling capabilities.
Expense and Adjusted Profitability Improvements
SG&A decreased to $93.9M (36.7% of net sales) from $95.3M (38.2% of net sales) a year ago, driven primarily by payroll efficiencies. Adjusted net loss improved to $15.1M ($0.39 per diluted share) from $15.6M ($0.41). Adjusted EBITDA improved by $0.9M to -$8.1M from -$9.0M year-over-year.
Inventory and Liquidity Progress
Total inventory at quarter end was $387.1M, down $25.1M or 6.1% year-over-year, reflecting improved inventory timing and SKU rationalization. Net debt was $148.4M with total liquidity of $116.7M; management remains focused on generating free cash flow to pay down debt.
SPWH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SPWH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 02, 2026 | $1.42 | $1.45 | +2.11% |
Mar 31, 2026 | $1.41 | $1.32 | -6.38% |
Dec 04, 2025 | $2.45 | $1.72 | -29.80% |
Sep 04, 2025 | $3.01 | $3.38 | +12.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sportsman's Warehouse (SPWH) report earnings?
Sportsman's Warehouse (SPWH) is schdueled to report earning on Sep 09, 2026, Before Open (Confirmed).
What is Sportsman's Warehouse (SPWH) earnings time?
Sportsman's Warehouse (SPWH) earnings time is at Sep 09, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPWH EPS forecast?
SPWH EPS forecast for the fiscal quarter 2026 (Q2) is -0.11.
