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Article Date: May 2023
Word Count: 433

Sportsman’s Warehouse Swings to Loss on Weather, Macro Headwinds


Cold and wet weather in the West and consumers feeling pressure from inflation hurt traffic and scuttled Q1 results, sending the bottom line $15,639,000 into the red compared to a $1,998,000 profit last year, as revenues fell 14% to $267,529,000 from $309,505,000. Comparable store sales decreased 17.8%, but e-commerce was a bright spot, growing year-over-year and penetrating in the mid- to high-teens. The search continues for a successor to CEO Jon Barker, who retired Apr. 14. Board chair Joseph Schneider has been filling in on an interim basis since then.

 

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