Monitor upcoming quarters for execution on store closures and margin improvement; the lowered 2026 EBITDA guidance and revenue miss suggest ongoing operational headwinds despite inventory reduction.
Price Chart
Executive Summary
Sportsman's Warehouse reported fiscal year 2025 results with a 1.0% increase in net sales to $1.21B and a full-year net loss of $50.1M, driven by $17.8M in impairment charges. Adjusted EPS was $(0.56), missing consensus of $(0.58), while revenue missed by 1.6%. The company guided 2026 same-store sales between down 1.0% and up 2.0% and adjusted EBITDA of $30M–$36M, below prior-year $29.6M at midpoint.
Key Financial Metrics
Key Facts
- Fiscal year 2025 net sales: $1.209B (+1.0% YoY), missing consensus of $1.229B
- GAAP diluted loss per share: $(1.30); adjusted diluted loss per share: $(0.56)
- Adjusted EBITDA: $27.5M, down from $29.6M in fiscal 2024
- Impairment charges of $17.8M related to 10 underperforming stores
- 2026 guidance: same-store sales -1.0% to +2.0%, adjusted EBITDA $30M–$36M
- Inventory down 8.5% YoY; net debt reduced by 6.1% to $90.0M
Financial Impact
Revenue and adjusted EPS both missed consensus, with adjusted EBITDA declining YoY. 2026 guidance implies flat to negative growth and EBITDA below prior year.
Risk Factors
- Consumer spending pressure in outdoor retail segment
- Execution risk in closing underperforming stores
- Declining adjusted EBITDA despite cost controls
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-134574 |
| Document: spwh-20260331.htm | 0001193125-26-134574 |
| Document: 0001193125-26-134574-index-headers.html | 0001193125-26-134574 |
| Document: 0001193125-26-134574-index.html | 0001193125-26-134574 |
| Document: 0001193125-26-134574.txt | 0001193125-26-134574 |
| 8-K Data (Synthetic) | 0001193125-26-134574 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 7w ago | 8-K | $1.28 | awaiting T+60 | — | $1.08 (−16.02%) |
Sep 1, 2026 7w ago | Press Release | $1.28 | awaiting T+60 | — | $1.08 (−16.02%) |
Aug 18, 2026 9w ago | Press Release | $1.19 | awaiting T+60 | — | $1.08 (−9.66%) |
Jun 24, 2026 17w ago | 8-K | $1.22 $1.17 | ▼ −4.10% | ▼ −7.83% | $1.08 (−11.89%) |
Jun 2, 2026 20w ago | 8-K | $1.45 $1.14 | ▼ −21.38% | ▼ −23.88% | $1.08 (−25.86%) |
Jun 2, 2026 20w ago | Press Release | $1.45 $1.14 | ▲ +21.38% | ▲ +23.88% | $1.08 (+25.86%) |
Mar 31, 2026 29w ago | 8-K | $1.32 $1.35 | ▼ −2.27% | ▲ +11.11% | $1.08 (+18.56%) |
Mar 17, 2026 31w ago | Press Release | $1.38 $1.26 | ▼ −8.70% | ▼ −20.22% | $1.08 (−22.10%) |
Mar 3, 2026 34w ago | Press Release | $1.48 $1.27 | ▼ −14.19% | ▼ −24.51% | $1.08 (−27.36%) |
US Market Status
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