Business
Sportsman's Warehouse Holdings, Inc. Announces Fourth Quarter and Fiscal Year 2024 Financial Results
Q4 same store sales of -0.5% on comparable 13-week basis, versus -12.8% in Q4 last yearQ4 Adj EBITDA of $14.6 million versus $5.3 million in Q4 last year; reduced net debt by $27.3 million versus end of last yearInventory decreased $12.8 million versus end of last year; ended FY2024 with liquidity of $131.1 millionSignificantly outperformed the Q4 adjusted NICS dataExpects positive same store sales in 2025 WEST JORDAN, Utah, April 01, 2025 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc.
About this update from Sportsman's Warehouse Holdings, Inc.
[{"type":"image","alt":"Sportsman's Warehouse Holdings, Inc.","displaySize":"","headline":null,"caption":"Sportsman's Warehouse Holdings, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":137,"url":"https://media.zenfs.com/en/globenewswire.com/258c1576ab6d5b264c1d55999a96c13e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/71y1elMJDP4.Rg0293.lmg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE5MjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/258c1576ab6d5b264c1d55999a96c13e","width":300,"height":137}},"lazy":false},{"type":"text","content":"Q4 same store sales of -0.5% on comparable 13-week basis, versus -12.8% in Q4 last yearQ4 Adj EBITDA of $14.6 million versus $5.3 million in Q4 last year; reduced net debt by $27.3 million versus end of last yearInventory decreased $12.8 million versus end of last year; ended FY2024 with liquidity of $131.1 millionSignificantly outperformed the Q4 adjusted NICS dataExpects positive same store sales in 2025","length":413,"tagName":"p"},{"type":"text","content":"WEST JORDAN, Utah, April 01, 2025 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. (“Sportsman's Warehouse” or the “Company”) (Nasdaq: SPWH) today announced financial results for the thirteen and fifty-two weeks ended February 1, 2025.","length":251,"tagName":"p"},{"type":"text","content":"“We were pleased that our quarterly trends continued to improve, with same store sales down slightly at 0.5% in the fourth quarter on a year-over-year comparable 13-week basis,” said Paul Stone, President and Chief Executive Officer of Sportsman’s Warehouse. “The business also continues to outpace the adjusted NICS data, suggesting that we are taking share and outselling the industry in our core hunting and shooting sports category. The changes that we implemented earlier in the year to improve the in-store experience and refine our merchandise to meet the needs of local and seasonal demand are paying off. We ended the year with lower and cleaner than forecasted inventory and generated positive cash flow for the full year.”","length":733,"tagName":"p"},{"type":"text","content":"Mr. Stone continued, “For 2025, we expect to see a return to comparable same store sales growth, while we continue to navigate a challenging macroeconomic backdrop. Our key initiatives for the year will be centered on our unique role in the ...