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Article Date: May 2017
Word Count: 417

Sportsman’s Warehouse Swings to Q1 Loss on Firearms, Gander Bid


Net loss was $4,507,000 against a profit of $311,000 last year for the quarter ended Apr. 29 pulled down by $1.7 million in charges related to a bid for Gander Mountain, as revenues increased 3% to $156,898,000 from $151,615,000, but comps declined 6.9%. Management said they had their eye on Gander Mountain for the past few years, and when the opportunity arose they put together a bid for a subset of stores and the inventory. But the bidding exceeded their pre-determined value and they ultimately backed off. GMTN doesn’t expect much impact from the GoB sales as there isn’t a ... Log in to view full article.

 


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