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Article Date: April 2024
Word Count: 536

Sportsman’s Warehouse Sets 2024 as Reset Year


A difficult final quarter marked the end of a difficult year for the retailer, as soft consumer demand resulted in sales declining 2% to $370,394,000 from $379,269,000 despite aggressive discounting to work down bloated inventories. Same store sales fell 12.8% on a 13-week comparable basis, while the extra week added $15.3 million to the top line. Hunting sales comped down 3.9%, with Holiday gifts like optics strong sellers, but every other category declined double digits. The bottom line swung to a loss of $8,739,000 against income of $11,029,000, hammered by a ... Log in to view full article.

 


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