Sportsman's Warehouse Earnings Reports

Sportsman's Warehouse achieved modest year-over-year revenue growth and improved margins in Q3 2025, with adjusted earnings rising and same-store sales up. GAAP net income was essentially flat, but adjusted EBITDA and adjusted EPS both increased.

Sportsman's Warehouse reported Q2 2025 revenue of $293.9M and a net loss of $7.1M. Same-store sales increased 2.1%, and gross margin expanded by 80 bps. Adjusted EBITDA improved year-over-year, supported by higher sales in core departments and better inventory health.

Sportsman's Warehouse delivered revenue growth and improved gross margin in Q1 2025. However, it reported a wider net loss compared to last year, reflecting continued macroeconomic pressures. The company reaffirmed its full-year guidance and emphasized progress in its transformation strategy.

In Q4 2024, Sportsman's Warehouse posted net sales of $340.4 million, down slightly from the prior year due to the absence of an extra week in the previous period. Despite this, the company improved its gross margin and adjusted earnings per share turned positive. Adjusted EBITDA almost tripled year-over-year, supported by operational efficiencies and better product margins.

Sportsman's Warehouse announced record performance for the fourth quarter and full year of fiscal year 2020. Fourth quarter same store sales increased 58% compared to the same period last year.