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Sportsman’s Warehouse: Fiscal 3Q Earnings Snapshot

November 28, 2018

MIDVALE, Utah (AP) _ Sportsman’s Warehouse Holdings Inc. (SPWH) on Wednesday reported fiscal third-quarter earnings of $12.4 million.

On a per-share basis, the Midvale, Utah-based company said it had net income of 29 cents. Earnings, adjusted for pretax gains, were 26 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 26 cents per share.

The outdoor sporting goods specialty retailer posted revenue of $223.1 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $224.2 million.

For the current quarter ending in January, Sportsman’s Warehouse expects its per-share earnings to range from 23 cents to 26 cents.

The company said it expects revenue in the range of $238 million to $246 million for the fiscal fourth quarter.

Sportsman’s Warehouse expects full-year earnings in the range of 59 cents to 62 cents per share, with revenue ranging from $844 million to $852 million.

The company’s shares closed at $4.72. A year ago, they were trading at $4.64.

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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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