Sportsman’s Warehouse Holdings, Inc. reported a net loss of $15.6 million in the first quarter ended April 29. Same-store sales decreased 17.8 percent, and results were in line with company guidance. For the second quarter, the Hunt & Fish retailer forecasted a return to profitability, with same-store sales declining 17 percent to 9 percent year-over-year.
Sales of $267.5 million in the first quarter compared to company guidance in the range of $265 million to $270 million, with same-store sales expected to be down 19 percent to 17 percent year-over-year.
Adjusted diluted EPS was a loss of 39 cents compared to company guidance calling for a loss of 40 cents to 35 cents.
Editor’s Note: For more details on Sportsman’s Warehouse’s first quarter results, including management commentary on ammo sales, gross margin issues and second quarter outlook and staff and cost reductions, go here:
