The earnings call highlighted significant challenges, including declines in net sales, same-store sales, and gross margins, as well as a net loss for the quarter. Despite these challenges, there were positive strides in e-commerce growth and inventory management, with a focus on future strategic improvements. However, the lowlights outweighed the highlights, indicating a challenging period for the company.

Company Guidance

During the Sportsman's Warehouse third-quarter earnings call for 2023, several key metrics and strategic initiatives were discussed. Net sales for the quarter totaled $340.6 million, reflecting a 5.3% decline from the previous year. Same-store sales showed a decrease of 11.4%, with the hunting department seeing a 10.6% drop. The company reported a net loss of $1.3 million, or negative $0.04 per diluted share, compared to a net income of $12.9 million in the prior year. Adjusted EBITDA was $16.2 million, representing 4.8% of net sales. Inventory levels were reduced to $446.3 million, down from $485.2 million at the end of Q3 2022. For the fourth quarter, the company anticipates net sales between $365 million and $390 million, with same-store sales expected to decline by 6% to 11%. Aggressive promotional activities are predicted to lower gross margins by 600 to 800 basis points compared to the prior year. The company aims to end the year with inventory below $375 million and plans to focus on cost reduction, omnichannel growth, and capital allocation, with no new store openings planned for 2024 to prioritize debt reduction and operational efficiency.

E-commerce Growth

E-commerce outpaced the performance of the overall business in the third quarter, continuing to comp positive and driving additional sales.

Inventory and Debt Reduction

Total inventory was reduced, and debt was paid down by approximately $20 million versus the last quarter, improving overall liquidity.

Successful Promotions in Inventory Management

Significant progress was made in reducing apparel and footwear inventory through strategic promotions and markdowns.

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Sportsman's Warehouse (DE:06S) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:06S Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 23, 2018	2018 (Q2)	- / 0.18	0.146	20.00% (+0.03)	―	―
Nov 28, 2018	2018 (Q3)	- / 0.25	0.224	13.04% (+0.03)	―	―
Mar 28, 2019	2018 (Q4)	- / 0.24	0.195	25.00% (+0.05)	―	―
May 30, 2019	2019 (Q1)	- / -0.12	-0.078	-50.00% (-0.04)	―	―
Aug 28, 2019	2019 (Q2)	- / 0.13	0.176	-27.78% (-0.05)	―	―
Dec 04, 2019	2019 (Q3)	- / 0.24	0.254	-3.85% (>-0.01)	―	―
Mar 26, 2020	2019 (Q4)	- / 0.20	0.244	-16.00% (-0.04)	―	―
Jun 04, 2020	2020 (Q1)	- / <0.01	-0.117	108.33% (+0.13)	―	―
Sep 02, 2020	2020 (Q2)	- / 0.74	0.127	484.62% (+0.61)	―	―
Dec 02, 2020	2020 (Q3)	- / 0.69	0.244	184.00% (+0.45)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:06S Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 10, 2024	€2.16	€2.42	+12.04%
Sep 03, 2024	€1.85	€1.62	-12.43%
Jun 04, 2024	€3.72	€3.10	-16.67%
Apr 03, 2024	€2.64	€2.84	+7.62%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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