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Sportsman’s Warehouse: Fiscal 2Q Earnings Snapshot

August 28, 2019

MIDVALE, Utah (AP) _ Sportsman’s Warehouse Holdings Inc. (SPWH) on Wednesday reported fiscal second-quarter profit of $5.5 million.

On a per-share basis, the Midvale, Utah-based company said it had profit of 13 cents.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The outdoor sporting goods specialty retailer posted revenue of $211.8 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $206.8 million.

For the current quarter ending in November, Sportsman’s Warehouse expects its per-share earnings to range from 21 cents to 27 cents.

The company said it expects revenue in the range of $231 million to $239 million for the fiscal third quarter.

Sportsman’s Warehouse expects full-year earnings in the range of 48 cents to 60 cents per share, with revenue ranging from $866 million to $884 million.

In the final minutes of trading on Wednesday, the company’s shares hit $3.89. A year ago, they were trading at $5.74.

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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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