Sportsman’s Warehouse: Fiscal 2Q Earnings Snapshot
MIDVALE, Utah (AP) _ Sportsman’s Warehouse Holdings Inc. (SPWH) on Thursday reported fiscal second-quarter net income of $6.6 million.
The Midvale, Utah-based company said it had profit of 15 cents per share. Earnings, adjusted for non-recurring costs, came to 18 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The outdoor sporting goods specialty retailer posted revenue of $203.3 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $202.1 million.
For the current quarter ending in November, Sportsman’s Warehouse expects its per-share earnings to range from 24 cents to 27 cents.
The company expects full-year earnings in the range of 57 cents to 63 cents per share.
Sportsman’s Warehouse shares have declined 18 percent since the beginning of the year. The stock has risen 33 percent in the last 12 months.