Sportsmans Warehouse's loss widens on impairment charges in Q4

Sportsmans Warehouse Holdings

31/03/2026 21:21

Overview

U.S. outdoor specialty retailer's Q4 revenue slight miss versus analyst expectations

Adjusted diluted loss per share for Q4 was $0.10, down from prior yr

Company recorded $17.8 mln impairment charges for ten underperforming stores in Q4

Outlook

Company sees 2026 same-store sales between down 1% and up 2%

Sportsmans Warehouse expects 2026 adjusted EBITDA of $30 mln to $36 mln

Company expects to close about five stores after the holiday season, with no material impact to 2026 results

Result Drivers

CATEGORY MIX SHIFT - Higher sales in firearms and ammunition, which carry lower margins, contributed to a decline in gross profit margin

PROMOTIONAL ENVIRONMENT - Increased promotional activity and weaker sales in higher-margin categories pressured profitability

COST CONTROL - SG&A expenses decreased due to lower payroll as company emphasized disciplined cost management

Company press release: ID:nGNX5ZsxKQ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Miss*
$334.86 mln
$334.92 mln (4 Analysts)
Q4 Net Income
-$21.73 mln
Q4 Gross Profit
$95.21 mln
Q4 Operating Income
-$18.80 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"

Wall Street's median 12-month price target for Sportsman's Warehouse Holdings Inc is $3.25, about 150% above its March 30 closing price of $1.30

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)