Sportsman’s Warehouse Holdings, Inc. reported fourth-quarter net sales were $340.4 million for the 13-week period ended February 1, a decrease of 8.1 percent compared to $370.4 million in the fourth quarter of fiscal year 2023. The net sales decrease was said to be primarily driven by the extra week in the retail calendar in fiscal year 2023. The additional week of operations in 2023 contributed $27.1 million in added revenue for the quarter and the full year 2023.
On a comparable 13-week basis, fourth-quarter net sales decreased 0.9 percent compared with the fourth quarter of fiscal 2023. Same-store sales decreased 0.5 percent on a 13-week comparable basis compared with the fourth quarter of fiscal year 2023.
Gross profit was $103.6 million, or 30.4 percent of net sales, in Q4, compared to $99.4 million, or 26.8 percent of net sales, in the fourth quarter of fiscal year 2023.
Net loss was $8.7 million in the fourth quarter, compared to net loss of $8.7 million in the fourth quarter of fiscal year 2023. Adjusted net income was $1.6 million compared to adjusted net loss of $7.5 million in the fourth quarter of fiscal year 2023.
Adjusted EBITDA was $14.6 million, compared to $5.3 million in the fourth quarter of fiscal year 2023.
Diluted loss per share was 23 cents in Q4, compared to diluted loss per share of 23 cents in the fourth quarter of fiscal year 2023. Adjusted diluted EPS was 4 cents in Q4 compared to an Adjusted diluted loss per share of 20 cents for the fourth quarter of fiscal year 2023.
Sportsman’s Warehouse Holdings, Inc. reported fourth quarter net sales were $340.4 million for the 13-week period ended February 1, a decrease of 8.1 percent compared to $370.4 million in the fourth quarter of fiscal year 2023. The net sales decrease was said to be primarily driven by the extra week in the retail calendar in fiscal year 2023. The additional week of operations in 2023 contributed $27.1 million of additional revenue for both the quarter and the full year.
On a comparable 13-week basis, fourth quarter net sales decreased 0.9 percent compared with the fourth quarter of fiscal 2023. Same-store sales decreased 0.5 percent on a 13-week comparable basis, compared with the fourth quarter of fiscal year 2023.
Gross profit was $103.6 million, or 30.4 percent of net sales, in Q4, compared to $99.4 million, or 26.8 percent of net sales, in the fourth quarter of fiscal year 2023.
Net loss was $8.7 million in the fourth quarter, compared to net loss of $8.7 million in the fourth quarter of fiscal year 2023. Adjusted net income was $1.6 million compared to adjusted net loss of $7.5 million in the fourth quarter of fiscal year 2023.
Diluted loss per share was 23 cents in Q4, compared to diluted loss per share of 23 cents in the fourth quarter of fiscal year 2023. Adjusted diluted EPS was 4 cents in Q4 compared to an Adjusted diluted loss per share of 20 cents for the fourth quarter of fiscal year 2023.
Adjusted EBITDA was $14.6 million, compared to $5.3 million in the fourth quarter of fiscal year 2023.
Image courtesy Sportsman’s Warehouse, Inc.
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