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Article Date: June 2021
Word Count: 314

Sportsman’s Warehouse Swings to Q1 Profit


Net income was $10,450,000 in the first quarter ended May 1, against a loss of $1,130,000 last year, on revenues that jumped 32% to $326,992,000 from $246,835,000, including same store sales that were up 24.1%. E-commerce sales had a strong, but unspecified, increase, and the total top line benefitted from the addition of four more former Field & Stream stores acquired from Dick’s. Demand was higher across all major categories, with hunting and shooting leading the way and continued momentum in outdoor gear. Gross margin expanded 150 basis points to 31.8%, helped by more, higher-margin apparel and footwear sales, and ... Log in to view full article.

 


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