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Feb 01, 2025
Sportsman's Warehouse Q4 2024 Earnings Report
Sportsman's Warehouse reported a smaller loss and improved profitability metrics in Q4 2024 compared to the prior year.
Key Takeaways
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.
Net sales were $340.4 million, down 8.1% year-over-year, but only 0.9% lower on a comparable 13-week basis.
Adjusted EPS turned positive at $0.04, compared to a $(0.20) loss in Q4 2023.
Adjusted EBITDA surged to $14.6 million, up from $5.3 million in the same quarter last year.
Gross margin improved to 30.4% from 26.8%, driven by better apparel and footwear performance.
Forward Guidance
For fiscal year 2025, Sportsman's Warehouse expects net sales to range from a 1.0% decline to a 3.5% increase and adjusted EBITDA between $33 million and $45 million. The company plans to continue focusing on merchandising, store productivity, and community-driven positioning.
Positive Outlook
- Anticipates return to comparable same store sales growth in 2025
- Expects improved gross margins through better merchandising
- Plans to open a new store in Surprise, Arizona
- Focus on enhancing local and seasonal merchandise relevance
- Reduced debt and inventory position supports improved liquidity
Challenges Ahead
- Macroeconomic headwinds such as inflation and lower discretionary spending remain
- Net income remains negative despite operational improvements
- Continued dependency on Western U.S. markets may pose risks
Historical Earnings Impact
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Avg. Return Before/After Earnings
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