The flat same-store sales and reaffirmed guidance suggest limited near-term catalysts. Monitor the back-to-school and holiday seasons for any inflection in consumer spending trends. The improved inventory position and debt reduction are cautious positives but do not yet signal a turnaround.
Price Chart
Executive Summary
Sportsman's Warehouse reported a GAAP diluted EPS of -$0.11 for Q2 2026, exactly in line with the Street consensus of -$0.11, while revenue of $295.6M modestly beat the $295.2M estimate. Same-store sales were flat year-over-year, with a 6.7% gain in Hunting and Shooting Sports offsetting declines in other categories, and the company reaffirmed its full-year 2026 guidance for adjusted EBITDA of $30M-$36M.
Key Financial Metrics
Key Facts
- Q2 2026 revenue $295.6M, up 0.6% YoY, beating consensus of $295.2M
- GAAP diluted EPS -$0.11, in line with consensus of -$0.11
- Same-store sales flat; Hunting and Shooting Sports rose 6.7%
- Gross margin improved 50 bps to 32.5%
- Inventory decreased $44.5M YoY to $399M; net debt reduced by $26M
- Adjusted EBITDA was $8.7M vs $8.3M in the prior year's quarter
- Reaffirmed FY2026 guidance: same-store sales -1% to +2%, adjusted EBITDA $30M-$36M
Financial Impact
Revenue modestly above consensus but EPS in line. Inventory reduction and debt paydown are balance-sheet positives. No change to guidance keeps the outlook stable.
Risk Factors
- Ongoing consumer discretionary spending pressure, especially in fishing and other categories
- Drought conditions in the western U.S. affecting fishing department sales
- Heavy reliance on Hunting and Shooting Sports for growth; any regulatory changes could impact demand
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3354585 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 8w ago | 8-K | $1.28 | awaiting T+60 | — | $1.04 (−18.75%) |
Sep 1, 2026 8w ago | Press Release | $1.28 | awaiting T+60 | — | $1.04 (−18.75%) |
Aug 18, 2026 10w ago | Press Release | $1.19 | awaiting T+60 | — | $1.04 (−12.61%) |
Jun 24, 2026 17w ago | 8-K | $1.22 $1.17 | ▼ −4.10% | ▼ −7.83% | $1.04 (−14.75%) |
Jun 2, 2026 21w ago | 8-K | $1.45 $1.14 | ▼ −21.38% | ▼ −23.88% | $1.04 (−28.28%) |
Jun 2, 2026 21w ago | Press Release | $1.45 $1.14 | ▲ +21.38% | ▲ +23.88% | $1.04 (+28.28%) |
Mar 31, 2026 30w ago | 8-K | $1.32 $1.35 | ▼ −2.27% | ▲ +11.11% | $1.04 (+21.21%) |
Mar 17, 2026 32w ago | Press Release | $1.38 $1.26 | ▼ −8.70% | ▼ −20.22% | $1.04 (−24.64%) |
Mar 3, 2026 34w ago | Press Release | $1.48 $1.27 | ▼ −14.19% | ▼ −24.51% | $1.04 (−29.73%) |
US Market Status
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