Q4 2025 Sportsman's Warehouse Holdings Inc Earnings Call Transcript

Mar 31, 2026 / 09:00 PM GMT

Release Date Price: €1.23 (+8.85%)

Transcript 10-K8-K

Key Points

Positve

Sportsman's Warehouse Holdings Inc (SPWH) achieved a 1% growth in same-store sales for 2025, marking the first year of positive comps since 2020.
The company reported strong performance in hunting and shooting sports, with a growth of over 5%, indicating continued market share gains.
E-commerce sales increased by 8.3% in the fourth quarter and 6.6% for the year, highlighting the strength of their omnichannel model.
Fishing category showed significant growth, increasing 10.3% for the year, driven by precise inventory timing and improved assortments.
SPWH reduced inventory by $29.1 million, or 8.5% year-over-year, demonstrating improved inventory management and efficiency.

Negative

Net sales for the fourth quarter were down 1.6% compared to the prior year, with comparable store sales declining 1.8%.
The company experienced a net loss of $21.7 million for the quarter, compared to a net loss of $8.7 million in the prior year.
Gross margin for the fourth quarter declined to 28.4% from 30.4% last year, primarily due to category mix and increased promotional activity.
SPWH plans to close approximately five underperforming stores in the next 12 months, indicating challenges in certain locations.
The U.S. consumer remains under pressure due to rising fuel costs and broader economic dynamics, impacting discretionary spending.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SPWH.OQ - Sportsman's Warehouse Holdings Inc
Q4 2025 Sportsman's Warehouse Holdings Inc Earnings Call
Mar 31, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, everyone, and welcome to Sportsman's Warehouse Fourth Quarter and Full Year 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the presentation, there will be a question-and-answer session. To participate, you will need to press *11 on your telephone. You will then hear a message advising your hand is raised. To withdraw your question, simply press *11 again. Please note this conference is being recorded.

Now it's my pleasure to turn the call over to the Vice President of Strategic Programs and Investor Relations, Riley Tiemer. Please proceed.

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