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Article Date: March 2020
Word Count: 423

Sportsman’s Warehouse Sees Surge after Tepid Q4


Net income dropped 9% to $9,683,000 over $10,629,000 for the fourth quarter ended Feb. 1 as revenue gained 6% to $258,152,000 over $242,683,000. Sales benefited from 11 new stores added in FY’19 (including eight Field & Streams acquired from Dick’s) and e-commerce growth, but store comps were down 4.8%. Management offered no guidance for Q1 or full year 2020 due to the fluidity of the Covid-19 response, giving an example that while unprecedented demand has driven some categories to double- and triple-digit growth quarter-to-date, uncertainty around government regulation around store closures and other factors remains.

 

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