Business
Sportsman’s Warehouse Holdings, Inc. Announces Preliminary Fourth Quarter and Fiscal Year 2025 Financial Results
Full-year same store sales expected to increase 1.0% over last year; ending inventory expected to decrease $29.1 million or 8.5% and net debt expected to
About this update from Sportsman's Warehouse Holdings, Inc.
[{"type":"text","content":"Full-year same store sales expected to increase 1.0% over last year; ending inventory expected to decrease $29.1 million or 8.5% and net debt expected to decrease 6.1% versus last year\nWEST JORDAN, Utah, March 03, 2026 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. (“Sportsman's Warehouse” or the “Company”) (Nasdaq: SPWH) today announced preliminary results for the thirteen and fifty-two weeks ended January 31, 2026. Preliminary Results for the Fourth Quarter and Full Fiscal Year 2026 For the fourth quarter ended January 31, 2026, the Company expects to report: Net sales of approximately $334.9 million, and same store sales of approximately $333.6 million.Adjusted EBITDA of approximately $9.6 million (see “Non-GAAP and Other Financial Measures”). For the fifty-two weeks ended January 31, 2026, the Company expects to report: Net sales of approximately $1,209.2 million, and same store sales of approximately $1,205.6 million. This is an expected increase of 1.0% and 1.0% respectively, compared to the prior year.Adjusted EBITDA of approximately $27.5 million (see “Non-GAAP and Other Financial Measures”). Net debt of approximately $90.0 million, a decrease of 6.1%; ending inventory of approximately $312.9 million, a decrease of $29.1 million or 8.5% compared to the prior year; and total liquidity of approximately $107.8 million. The Company expects free cash flow for the full year to be approximately $7.6 million (see “Non-GAAP and Other Financial Measures”). As part of the Company’s review of its stores, we have identified about five stores for potential closure due to underperformance and lack of profitability. The Company expects to incur an impairment charge for fiscal year 2025 primarily related to leasehold improvements and operating lease assets. In addition, the Company expects to incur additional charges if the stores are closed, primarily related to employee-related costs. The Company is currently analyzing and determining the amount of the impairment charges and related expenses and will provide additional details and disclosure when it reports its full-year earnings. The impairment charges expected to be incurred in the fourth quarter of fiscal year 2025 will not impact net sales or Adjusted EBITDA for fiscal year 2025. While the number of stores has not yet been determined, if the Company were to close five st...