The outdoor retailer’s red ink totaled $21,848,000 in Q1, compared with a loss of $21,254,000 a year ago, as sales increased 3% to $256,078,000 from $249,103,000 in the seasonally slow quarter, with same-store sales growing 2.1%. Adjusted EBITDA loss was $8.1 million compared to $9.0 million. SPWH has been working to grow online sales by upgrading the website’s fishing experience, and early results have been promising, with 6% e-commerce growth in the quarter, accounting for about 23% of total sales.
Hunting and Shooting Sports sales increased 7% to an implied $170.0 million, ... Log in to view full article.