Sportsman's Warehouse Holdings, Inc. (SPWH) Earnings Call Transcripts

Sportsman's Warehouse Holdings, Inc.'s Latest Earnings Call - Q1 FY2027

In the first quarter of fiscal 2026, Sportsman's Warehouse Holdings, Inc. reported net sales of $256.1 million, a 2.8% increase from $249.1 million in the same period last year. The company experienced a same-store sales growth of 2.1%, driven by strong performance in the hunting and shooting sports categories, which saw a 6.3% increase. Despite a net loss of $21.8 million, management maintained its full-year guidance for net sales to range between a decline of 1% to an increase of 2%, signaling confidence in their strategic initiatives amidst ongoing consumer pressures.

Reported metrics

Guidance from management

Management reiterated full-year guidance for net sales to range between a decline of 1% to an increase of 2%, with adjusted EBITDA expected between $30 million and $36 million.

What management said

Yes. We're seeing -- we still have a very healthy business. Hunt and Shoot are really driving our Q1 business. We have a big month of June ahead of us. If you look at our quarters, that's one of our largest months of the quarter. So with Father's Day playing into that, that's who our customer is, and that's where we have a lot of advertising and promotional events to really make sure we deliver on June as well.

Yes. The majority of it was driven by mix. There is a little bit of pressure in some of the other categories as we look across the board, we're starting to take our marks a lot sooner than we have historically. So across the other category, you saw a little bit of pressure, but really, it was mix having so much penetrated in hunt and shoot.

What analysts pressed on

Analysts expressed concerns about the sustainability of sales growth, particularly in the hunting and shooting categories, and the impact of external factors on consumer spending. There were also questions regarding the decline in gross margins and how management plans to address it moving forward.

Main topics on the call

• Same-Store Sales Growth — Same-store sales increased by 2.1% in Q1 2026, reflecting resilience despite macroeconomic pressures. Paul Stone noted, "I'm pleased that the same-store sales in the first quarter were up just over 2% compared to last ye...
• E-Commerce Performance — E-commerce sales grew over 6% in Q1, indicating strong omnichannel performance. Management highlighted that the e-commerce business "outperformed again," which is crucial as it drives store traffic.
• Gross Margin Decline — Gross margin decreased to 29.6% from 30.4% year-over-year, primarily due to a shift in category mix towards lower-margin firearms and ammunition. Jennifer Fall Jung stated, "The decline was primarily driven by category m...
• Inventory Management — Total inventory decreased by 6.1% year-over-year to $387.1 million, reflecting ongoing efforts to improve inventory efficiency. Management emphasized, "We expect average inventory to be lower throughout the year as we im...

Read the full Sportsman's Warehouse Holdings, Inc. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 25 Sportsman's Warehouse Holdings, Inc. earnings call transcripts on record, spanning March 26, 2020 to June 2, 2026. Based on this history, Sportsman's Warehouse Holdings, Inc. reports quarterly. The most recent call on file is dated June 2, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SPWH

Exchange

NasdaqGS

Country

US

Sector

Consumer Discretionary

Industry

Specialty Retail

Calls on record

25

First call

March 26, 2020

Most recent

June 2, 2026

Reporting cadence

quarterly