Sportsman’s Warehouse (NASDAQ:SPWH) Issues Earnings Results

04 Jun 2026, 11:52 by Mitch Edgeman · The Markets Daily

Sportsman’s Warehouse (NASDAQ:SPWH – Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.39) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.19, FiscalAI reports. The business had revenue of $256.08 million for the quarter, compared to the consensus estimate of $252.30 million. Sportsman’s Warehouse had a negative return on equity of 10.22% and a negative net margin of 4.17%.During the same quarter in the previous year, the company posted ($0.56) EPS.

Here are the key takeaways from Sportsman’s Warehouse’s conference call:

Sportsman’s Warehouse reported Q1 same-store sales up 2.1% and net sales of $256.1 million, with strength led by hunting/shooting sports and fishing despite continued macro pressure on consumers.
The company said its transformation is centered on its core pursuits, including new initiatives in fishing e-commerce, a Field & Stream partnership, and improved online firearm bundling to boost attachment and basket size.
Management highlighted continued progress on inventory discipline, including lower inventory year over year and a goal to end fiscal 2026 with less inventory than 2025, which should improve turns and free up working capital.
Gross margin fell to 29.6% from 30.4% last year, mainly due to product mix skewing toward firearms and ammunition, with some added pressure in other categories.
The company reiterated full-year guidance, calling for fiscal 2026 net sales of down 1% to up 2% and adjusted EBITDA of $30 million to $36 million, while continuing to prioritize debt reduction and free cash flow generation.

Sportsman’s Warehouse Trading Up 2.1%

Shares of NASDAQ:SPWH opened at $1.45 on Thursday. The business’s 50-day moving average is $1.39 and its 200 day moving average is $1.46. Sportsman’s Warehouse has a 1 year low of $1.08 and a 1 year high of $4.33. The firm has a market capitalization of $56.48 million, a P/E ratio of -1.12 and a beta of 0.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.36 and a quick ratio of 0.10.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SPWH. Empowered Funds LLC grew its stake in Sportsman’s Warehouse by 11.3% during the 4th quarter. Empowered Funds LLC now owns 192,358 shares of the company’s stock valued at $281,000 after purchasing an additional 19,465 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in Sportsman’s Warehouse by 16.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 564,401 shares of the company’s stock valued at $824,000 after purchasing an additional 78,365 shares during the last quarter. Archon Capital Management LLC grew its stake in Sportsman’s Warehouse by 51.6% during the 4th quarter. Archon Capital Management LLC now owns 1,668,905 shares of the company’s stock valued at $2,437,000 after purchasing an additional 568,151 shares during the last quarter. Quinn Opportunity Partners LLC grew its stake in Sportsman’s Warehouse by 54.2% during the 4th quarter. Quinn Opportunity Partners LLC now owns 497,781 shares of the company’s stock valued at $727,000 after purchasing an additional 175,000 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Sportsman’s Warehouse during the 4th quarter valued at about $41,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Sportsman’s Warehouse News Roundup

Here are the key news stories impacting Sportsman’s Warehouse this week:

Positive Sentiment: The company posted a smaller-than-expected loss of $0.39 per share, beating the consensus estimate of a $0.58 loss, which suggests operating performance was better than feared. Article Title
Positive Sentiment: Revenue of $256.08 million also topped estimates of $252.30 million, reinforcing that demand held up better than expected in the quarter. Article Title
Positive Sentiment: Management said same-store sales increased 2.1% and reiterated full-year 2026 guidance, which can reassure investors that the turnaround remains on track. Article Title
Neutral Sentiment: In the earnings call and related coverage, CEO commentary focused on category performance and the quarter’s details, but the key market driver was the earnings and sales beat rather than any new strategic announcement. Article Title
Negative Sentiment: The business remains unprofitable, with a negative net margin and return on equity, so investors may still be cautious about the sustainability of the recovery. Article Title

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a report on Wednesday, May 27th. Wall Street Zen upgraded Sportsman’s Warehouse from a “strong sell” rating to a “sell” rating in a report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $2.58.

Get Our Latest Analysis on SPWH

About Sportsman’s Warehouse

(Get Free Report)

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.