AP NEWS

Sportsman’s Warehouse: Fiscal 1Q Earnings Snapshot

May 30, 2019

MIDVALE, Utah (AP) _ Sportsman’s Warehouse Holdings Inc. (SPWH) on Thursday reported a loss of $5.5 million in its fiscal first quarter.

On a per-share basis, the Midvale, Utah-based company said it had a loss of 13 cents. Losses, adjusted for one-time gains and costs, came to 12 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.

The outdoor sporting goods specialty retailer posted revenue of $174 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $177 million.

For the current quarter ending in August, Sportsman’s Warehouse expects its per-share earnings to range from 10 cents to 14 cents.

The company said it expects revenue in the range of $205 million to $211 million for the fiscal second quarter.

Sportsman’s Warehouse expects full-year earnings in the range of 48 cents to 60 cents per share, with revenue ranging from $860 million to $884 million.

The company’s shares closed at $3.92. A year ago, they were trading at $5.27.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPWH at https://www.zacks.com/ap/SPWH

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