Sportsman's Warehouse Holdings, Inc. (SPWH) FY2026 earnings

Reported results

• Net sales increased 0.6% to $295.6 million from $293.9 million; same store sales were flat with Hunting and Shooting Sports up 6.7%
• Gross profit was $96.0 million or 32.5% of net sales, compared to $93.9 million or 32.0% of net sales in Q2 2025
• GAAP net loss was $(4.4) million compared to $(7.1) million in the prior year quarter; diluted loss per share was $(0.11) compared to $(0.18)
• Non-GAAP adjusted net loss was $(3.1) million compared to $(4.7) million; adjusted diluted loss per share was $(0.08) compared to $(0.12)
• Non-GAAP adjusted EBITDA was $8.7 million compared to $8.3 million in Q2 2025
• Year-over-year inventory decreased by $44.5 million and year-over-year net debt decreased by $26 million

Guidance

• Same store sales estimated in the range of down 1.0% to up 2.0% for fiscal year 2026
• Non-GAAP adjusted EBITDA estimated in the range of $30 million to $36 million for fiscal year 2026
• Capital expenditures estimated in the range of $20 million to $25 million for fiscal year 2026
• No new store openings planned for fiscal year 2026

Notes

For the twenty-six weeks ended August 1, 2026: Net sales were $551.7 million (up 1.6% YOY), GAAP net loss was $(26.3) million (vs $(28.3) million prior year), non-GAAP adjusted net loss was $(18.2) million (vs $(20.3) million), non-GAAP adjusted EBITDA was $0.6 million (vs $(0.7) million), and diluted loss per share was $(0.68) (vs $(0.74)). The company reaffirmed its full-year 2026 guidance. Net debt as of August 1, 2026 was $167.0 million with total liquidity of $105.0 million.

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-01 (8-K, Item 2.02). Read the original filing on sec.gov.