Sportsmans Warehouse Holdings Inc
NASDAQ:SPWH
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Sportsmans Warehouse Holdings Inc
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Sportsmans Warehouse Holdings Inc
Sportsman's Warehouse Holdings, Inc. is an outdoor specialty retailer. The company is headquartered in West Jordan, Utah and currently employs 3,300 full-time employees. The company went IPO on 2014-04-17. The firm has an outdoor specialty store base in the Western United States and Alaska. The company operates approximately 122 stores in 29 states, which are located in power, neighborhood and lifestyle centers. Its stores are organized into six departments, the Camping department offers backpacks, camp essentials, canoes and kayaks, outdoor cooking equipment, sleeping bags, tents and tools. The Apparel department offers jackets, outerwear, sportswear, technical gear and work wear. The Fishing department provides bait, fishing rods, flotation items, fly fishing, lures, and small boats. The Footwear department offers boots, socks, and casual shoes. The Hunting and Shooting department offers ammunition, archery items, firearms, firearms safety and storage, reloading equipment, and shooting gear. The Optics, Electronics, Accessories, and Other department offers gift items, lighting, binoculars, two-way radios and more.
Sportsman's Warehouse Holdings, Inc. is an outdoor specialty retailer. The company is headquartered in West Jordan, Utah and currently employs 3,300 full-time employees. The company went IPO on 2014-04-17. The firm has an outdoor specialty store base in the Western United States and Alaska. The company operates approximately 122 stores in 29 states, which are located in power, neighborhood and lifestyle centers. Its stores are organized into six departments, the Camping department offers backpacks, camp essentials, canoes and kayaks, outdoor cooking equipment, sleeping bags, tents and tools. The Apparel department offers jackets, outerwear, sportswear, technical gear and work wear. The Fishing department provides bait, fishing rods, flotation items, fly fishing, lures, and small boats. The Footwear department offers boots, socks, and casual shoes. The Hunting and Shooting department offers ammunition, archery items, firearms, firearms safety and storage, reloading equipment, and shooting gear. The Optics, Electronics, Accessories, and Other department offers gift items, lighting, binoculars, two-way radios and more.
Results beat expectations: Sportsman's Warehouse said fourth quarter and full-year 2025 results came in above revised expectations, helped by a rebound in sales late in the quarter and stronger demand into January through March.
First positive comp year since 2020: Full-year comparable store sales rose 1%, marking the company’s first year of positive comps since 2020 and a key milestone in the turnaround.
Fishing stood out: Fishing was the strongest category for the year, while hunting, shooting sports, and personal protection also performed well; camping and softlines remained under pressure.
Inventory improved: Inventory fell $29.1 million, or 8.5%, year over year, and management said it expects lower average inventory levels in 2026 while still supporting growth.
2026 outlook: The company guided to same-store sales of down 1% to up 2%, adjusted EBITDA of $30 million to $36 million, and capital spending of $20 million to $25 million.
Store actions: Management expects to close about 5 underperforming stores over the next 12 months, with closures happening after the holidays and no material impact expected this year.
