Overview

* The outdoor sporting goods retailer's Q2 revenue rises 1.8%, beating analyst expectations, per LSEG data

* Same store sales increase 2.1% driven by Fishing and Hunting departments

* Gross margin improves by 80 basis points to 32.0%

* Sportsmans Warehouse Holdings Inc ( SPWH ) improves full-year 2025 sales outlook to flat to up 3.5%

Outlook

* Company improves 2025 sales guidance to flat to up 3.5%

* Sportsmans Warehouse ( SPWH ) reaffirms 2025 adjusted EBITDA of $33 mln to $45 mln

* Company expects 2025 capital expenditures of $20 mln to $25 mln

* Sportsmans Warehouse ( SPWH ) plans to open new store in November 2025

Result Drivers

* SAME STORE SALES - Growth of 2.1% attributed to localized assortments and digital-first marketing, with strong performance in Alaska

* FIREARMS BUSINESS - Outperformed industry trends, contributing to market share gains

* GROSS MARGIN IMPROVEMENT - Driven by healthier inventory and increased sales in the higher-margin fishing department

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $293.90 $291.60

Revenue mln mln (5

Analysts

)

Q2 Net -$7.08

Income mln

Q2 Gross $93.95

Profit mln

Q2 -$3.22

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "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 Sportsmans Warehouse Holdings Inc ( SPWH ) is $3.00, about 12% above its September 3 closing price of $2.64

Press Release:

(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.)