NASDAQ$SPWH

Sportsman's Warehouse Holdings Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Sportsman's Warehouse reported a smaller loss and improved profitability metrics in Q4 2024 compared to the prior year.

In Q4 2024, Sportsman's Warehouse posted net sales of $340.4 million, down slightly from the prior year due to the absence of an extra week in the previous period. Despite this, the company improved its gross margin and adjusted earnings per share turned positive. Adjusted EBITDA almost tripled year-over-year, supported by operational efficiencies and better product margins.

  • Net sales were $340.4 million, down 8.1% year-over-year, but only 0.9% lower on a comparable 13-week basis.
  • Adjusted EPS turned positive at $0.04, compared to a $(0.20) loss in Q4 2023.
  • Adjusted EBITDA surged to $14.6 million, up from $5.3 million in the same quarter last year.
  • Gross margin improved to 30.4% from 26.8%, driven by better apparel and footwear performance.

Headline financials

Total Revenue

$340M

Previous: $370M-8.1%
EPS (adj)

$0.04

Previous: -$0.20+120.0%
Net Income

-$8.72M

Previous: $11M-179.1%
Operating Income

$3.6M

Previous: $16M-77.6%
Gross Profit

$104M

Previous: $123M-15.6%

Revenue & EPS history

Sportsman's Warehouse · Revenue · Quarterly

$340M

Q4 2024-8.1%vs Q4 2023
Beat estimate in 1 of 14 quarters(7%)
ActualEstimate

Forward guidance

For fiscal year 2025, Sportsman's Warehouse expects net sales to range from a 1.0% decline to a 3.5% increase and adjusted EBITDA between $33 million and $45 million. The company plans to continue focusing on merchandising, store productivity, and community-driven positioning.

Tailwinds

  • Anticipates return to comparable same store sales growth in 2025
  • Expects improved gross margins through better merchandising
  • Plans to open a new store in Surprise, Arizona
  • Focus on enhancing local and seasonal merchandise relevance
  • Reduced debt and inventory position supports improved liquidity

Headwinds

  • Macroeconomic headwinds such as inflation and lower discretionary spending remain
  • Net income remains negative despite operational improvements
  • Continued dependency on Western U.S. markets may pose risks
  • Potential challenges in offsetting lost revenue from the extra week in FY23
  • No GAAP net income guidance due to forecast uncertainty

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+4.8%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+4.1%

Avg return

30 days after

60%

29 / 48 earnings

Positive

+97.9%

Q4 2024

Best reaction

-31.0%

Q3 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+74.1%-7.8%+4.3%
Q3 2026-31.0%-33.9%-40.4%
Q2 2026+13.1%-3.0%-4.3%
Q1 2025+6.3%+11.8%-1.2%
Q4 2024+97.9%+69.9%+83.4%
Q3 2024+23.5%+12.6%-3.0%
Q2 2024+6.2%+13.8%+27.6%
Q1 2024-20.1%-26.3%-49.5%
Q4 2023+32.1%+28.6%+11.8%
Q3 2023-17.8%-16.0%-11.6%
Q2 2023-25.2%-25.2%-8.3%
Q1 2023-18.2%-13.5%+0.7%
Q4 2022-17.5%-24.7%-27.8%
Q3 2022+1.0%-4.3%+1.1%
Q2 2022+9.5%+13.2%+4.3%
Q1 2022-8.7%-8.0%+0.0%
Q4 2021-1.5%-6.3%-13.1%
Q3 2021-6.4%-10.0%-6.2%
Q2 2021+0.3%+0.2%-0.2%
Q1 2021+0.2%+0.1%-0.7%
Q4 2020+1.0%+1.3%+1.6%
Q3 2020-8.2%-9.3%+22.6%
Q2 2020-16.4%-23.0%-11.9%
Q4 2019+5.9%+9.4%+16.7%
Q3 2019+12.6%+11.3%+7.0%
Q2 2019+10.6%+14.4%+40.7%
Q1 2019-6.1%-5.1%-3.6%
Q4 2018-11.6%-9.6%-14.2%
Q3 2018-0.4%-4.0%-10.8%
Q2 2018+13.1%+6.1%+12.8%
Q1 2018+9.6%+12.1%+22.3%
Q4 2017+7.1%+4.7%+34.6%
Q3 2017+18.2%+16.2%+47.2%
Q2 2017+21.2%+14.0%+23.5%
Q1 2017+17.5%+11.8%+16.7%
Q4 2016-0.4%-5.6%-4.1%
Q3 2016+4.8%+11.6%+17.5%
Q2 2016+3.8%+5.7%-7.3%
Q1 2016-12.8%-12.1%-19.4%
Q4 2015-12.5%
Q3 2015+18.8%
Q2 2015+7.8%
Q1 2015+3.1%
Q4 2013+8.0%
Q4 2014+9.0%
Q3 2014-8.6%
Q2 2014+19.6%
Q1 2014-1.6%
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012

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