Sportsman’s Warehouse Holdings, Inc. reported that net sales for the fiscal second quarter ended July 29 were $309.5 million, compared to $351.0 million in the second quarter of fiscal year 2022, a decrease of 11.8 percent.
Same-store sales decreased 16.1 percent year-over-year (YoY) during the second quarter, primarily as a result of the same factors that impacted net sales.
The net loss for the quarter was $3.3 million, compared to net income of $14.6 million in the second quarter of fiscal year 2022. Adjusted net loss was $1.6 million in Q2, compared to adjusted net income of $15.1 million in the second quarter of fiscal year 2022.
Diluted loss per share was 9 cents a share in Q2, compared to a diluted earnings per share of 35 cents in the corresponding prior-year period. Adjusted diluted loss per share was 4 cents a share, compared to adjusted diluted earnings per share of 36 cents in the second quarter of fiscal year 2022.
For full details about second quarter results for Sportsman’s Warehouse, including commentary from executives about the weakest categories in Q2 and those that are the focus for increased promotional activity, go here:
EXEC: Sportsman’s Warehouse Sets Aggressive Markdowns as Business Weakens Further
