Q2 2026 Sportsman's Warehouse Holdings Inc Earnings Call Transcript
Key Points
- Same-store sales were essentially flat in Q2, in line with expectations, despite macroeconomic headwinds.
- Hunting and shooting sports department sales grew nearly 7%, driven by strong demand in firearms and ammunition.
- Total inventory decreased by $44.5 million year-over-year, improving efficiency and balance sheet strength.
- Gross margin improved by 50 basis points to 32.5%, aided by disciplined inventory management and reduced freight costs.
- E-commerce sales grew nearly 3%, outpacing total sales for the ninth consecutive quarter, with over 70% of online orders picked up in stores.
- Core customer remains pressured by elevated fuel prices, impacting discretionary spending.
- Fishing department sales declined 2% due to drought conditions in key Western states.
- Camping and soft lines departments experienced sales declines, though trends improved in August.
- Promotional cadence was more aggressive than planned to reinforce value proposition, potentially impacting margins.
- Consumer headwinds are expected to persist, with no immediate relief from high fuel costs.
Good day, and thank you for standing by. Welcome to the Sportsman's Warehouse second quarter 2026 earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions) I would now like to hand the conference over to your speaker today, Riley Timmer.
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Thank you, operator. Participating on our Q2 2026 earnings call today is Paul Stone, our Chief Executive Officer and Jennifer Paul Young, our Chief Financial Officer. I will now take a moment and remind everyone of the company's safe harbor language.
The statements we make today contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which includes statements regarding expectations about our future results of operations, demand for our products, and growth of our industry.
Actual results may differ materially from those suggested in such
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