The bottom line dropped 18% in Q2 to $14,614,000 from $17,723,000 on sales that inched down 3% to $351,021,000 from $361,778,000, with same store sales off 9.4%, partially offset by the addition of 12 new stores in the past year. Comps are still well ahead of pre-pandemic levels, up 31.7% from Q2 ’19, but demand is trending lower across all product categories due to inflationary pressures and tough year-over-year comparisons. SPWH noted declining sales of higher-ticket durable items, where the trade-up cycle has slowed as consumers are reining in spending due ... Log in to view full article.