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Article Date: January 2020
Word Count: 341

Sportsman’s Warehouse Hurt by Holiday Liquidations


Sportsman’s Warehouse told an investor audience at the ICR Conference that it sees a strong future in its commitment to firearms and ammunition as some competitors pull back from the category, but that has caused short term headaches due to excess inventory in the market. As we reported last week, SPWH cut its Q4 sales forecast to $250 to $254 million, with -6.0% to -7.0% comps, blaming the short selling season and heavy promotions from competitors for the shortfall. Full year revenue guidance was cut to $878 to $882 million, or 3.4% to 3.9% sales growth year-over-year, on -1.3% to ... Log in to view full article.

 


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