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Article Date: September 2024
Word Count: 437

Sportsman’s Warehouse Cuts Guidance after Q2 Loss Grows


Net loss expanded to $5,906,000 from a loss of $3,288,000 in the second quarter on revenues that slipped 7% to $288,734,000 from $309,495,000, as six new locations partially offset a -9.8% comp. Inflation and other macro pressures have been hitting SPWH’s customer base pretty hard, leading to weak store traffic and demand across categories that continued from Q1. The hunting category comped down 13% due to weak ammo sales, while camping was also negative, but improved sequentially. Apparel and footwear both declined as softgoods is still undergoing a SKU rationalization process. ... Log in to view full article.

 


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