S&P 500
7,614.00
-0.11%
Dow Jones
51,326.00
-0.09%
Nasdaq 100
30,630.60
-0.28%
Russell 2000
2,927.38
-0.19%
FTSE 100
10,382.60
-0.05%
Nikkei 225
68,184.20
+1.01%

Retail

How Sportsman’s Warehouse Earnings Knocked It Out of the Park

Photo of Chris Lange
By Chris Lange Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
How Sportsman’s Warehouse Earnings Knocked It Out of the Park

© Thinkstock

Sportsman’s Warehouse Holdings Inc. (NASDAQ: SPWH) was perhaps the best performing stock on Friday, coming off one of the worst trading days of 2017. The drop in equities doesn’t seem to be stopping as the broad markets are continuing to trade off. However, Sportsman’s Warehouse seemed to offer some shelter for investors in Friday’s session, and the stock actually bounced off its all-time low.

When the company reported its most recent financial results after the markets closed on Thursday, it posted $0.15 in earnings per share (EPS) and $191.5 million in revenue, versus consensus estimates of $0.13 in EPS and revenue of $191.9 million. The fiscal second quarter of last year reportedly had EPS of $0.20 and $189.8 million in revenue.

Sportsman’s Warehouse opened four new stores in the most recent quarter and ended the period with a total of 83 stores.

[nativounit]

In terms of the outlook, management expects to see EPS in the range of $0.23 to $0.28 and net sales between $220 million and $225 million. The consensus estimates call for $0.24 in EPS and $226.66 million in revenue for the fiscal third quarter.

CEO John Schaefer commented:

Our second quarter topline results were in line with our expectations given the anticipated continued softness in firearm demand as we anniversaried difficult comparisons from the Orlando tragedy in June 2016. Our better than expected bottom line results were driven by stronger gross margins resulting primarily from the higher margin product mix shift that we experienced in the second quarter. We remained focused on continuing to capture market share during the quarter and are encouraged by the progress we made against our strategic priorities of expanding our private label segment, maximizing our loyalty program, investing in our best-in-class customer service and enhancing our e-commerce platform.

Shares of Sportsman’s Warehouse were last seen up over 31% at $4.55, with a consensus analyst price target of $6.57 and 52-week range of $3.40 to $11.30.

[wallst_email_signup]

DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
Follow 24/7 Wall St. on Google
Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

Continue Reading

Is It Time for a Turnaround at Finish Line?
Chris Lange |

Is It Time for a Turnaround at Finish Line?

After Finish Line reported its fiscal second-quarter financial results before the markets opened on Friday, shares rose handily.

Did Firearms Sales Hurt Dick’s Sporting Goods Earnings? Evidently Not
Paul Ausick |

Did Firearms Sales Hurt Dick’s Sporting Goods Earnings? Evidently Not

Dick's Sporting Goods reported better-than-expected results Wednesday morning and raised guidance. The company's new policies on firearms sales may have…

Is This the Turnaround Conn’s Has Been Waiting For?
Chris Lange |

Is This the Turnaround Conn’s Has Been Waiting For?

Conn’s released better-than-expected fiscal second-quarter financial results before the markets opened on Tuesday.

The Top 8 Earnings Previews for the Week Ahead
Chris Lange |

The Top 8 Earnings Previews for the Week Ahead

24/7 Wall St. again has put together a preview of some of the major companies reporting their quarterly results this…

Best Buy and More of the Biggest Earnings Winners From The Past Week
Chris Lange |

Best Buy and More of the Biggest Earnings Winners From The Past Week

Perhaps one of the biggest earnings winners was Best Buy, shares of which hit a new all-time high. Here are…

Chris Lange |

5 Top Earnings for the Week Ahead

24/7 Wall St. has put together a preview of Best Buy, Dollar General and some of the major companies reporting…

Earnings Hits and Misses: Box, Costco, Dell, Gap, Salesforce
Paul Ausick |

Earnings Hits and Misses: Box, Costco, Dell, Gap, Salesforce

Here's a quick look at selected company earnings reports that came out after U.S. markets closed Thursday afternoon.

Paul Ausick |

Is a JC Penney Turnaround Really Underway?

J.C. Penney reported second-quarter fiscal 2015 results before markets opened Friday morning. Does the company have enough time to turn…

Paul Ausick |

Rite Aid Cuts Guidance as Margins Fall on Generics

Rite Aid reported better-than-expected second-quarter fiscal 2015 results before markets opened Wednesday morning.

Top Gaining Stocks

Hewlett Packard Enterprise
HPE • Vol: 153,197,465
Enphase Energy
ENPH • Vol: 8,360,053
Corning
GLW • Vol: 18,152,646
Alexandria Real Estate Equities
ARE • Vol: 4,337,015
Aptiv
APTV • Vol: 6,761,325

Top Losing Stocks

Trade Desk
TTD • Vol: 21,905,513
Intuit
INTU • Vol: 7,383,018
Coterra Energy
CTRA • Vol: 73,319,495
Cboe Global Markets
CBOE • Vol: 5,000,011
HP
HPQ • Vol: 29,259,826