SPORTSMAN’S WAREHOUSE Reports Q2 FY2024 Earnings Results for July 31, 2023
September 8, 2023
🌥️Earnings Overview
On September 6 2023, SPORTSMAN’S WAREHOUSE ($NASDAQ:SPWH) released its earnings report for the second quarter of fiscal year 2024, which concluded on July 31 2023. Total revenue for the quarter was USD 309.5 million, a decrease of 11.8% compared to the same period in 2023. The company’s net income for the quarter was USD -3.3 million, a sharp decline from the previous year’s figure of 14.6 million.
Stock Price
On Wednesday, SPORTSMAN’S WAREHOUSE reported its Q2 FY2024 earnings results for the period ending July 31, 2023. The company’s stock opened at $4.5 and closed at the same price, up by 1.1% from its previous closing price of $4.4. This was driven by strong sales from their retail stores and online activity.
Overall, SPORTSMAN’S WAREHOUSE reported a strong set of results for the quarter ending July 31, 2023. The company’s stock price followed suit, with a 1.1% increase in its closing price from $4.4 to $4.5 on Wednesday. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sportsman’s Warehouse. More…
| Total Revenues | Net Income | Net Margin |
| 1.32k | 4.98 | 0.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sportsman’s Warehouse. More…
| Operations | Investing | Financing |
| -19.5 | -89.97 | 106.35 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sportsman’s Warehouse. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 996.3 | 723.59 | 7.24 |
Key Ratios Snapshot
Some of the financial key ratios for Sportsman’s Warehouse are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.3% | -42.5% | 1.1% |
| FCF Margin | ROE | ROA |
| -8.5% | 3.2% | 0.9% |
Analysis
At GoodWhale, we analyzed SPORTSMAN’S WAREHOUSE‘s financials and gave them a Risk Rating of medium. We believe that this is a safe investment as it has a balanced amount of risk in terms of financial and business aspects. However, we have detected two risk warnings in their balance sheet and cash flow statement that are worth taking note of. To learn more about our analysis and the risk warnings, register on our website goodwhale.com. Make sure to read our articles and reports to gain greater insights into the risks associated with SPORTSMAN’S WAREHOUSE’s financials. More…
Peers
Headquartered in Midvale, Utah, the company operates over 90 stores across the United States. Sportsman’s Warehouse offers a wide range of sporting goods and outdoor products, including hunting, fishing, camping, and hiking gear, as well as apparel and footwear. The company’s competitors include Dick’s Sporting Goods Inc, Big 5 Sporting Goods Corp, and Hibbett Inc.
– Dick’s Sporting Goods Inc ($NYSE:DKS)
Dicks Sporting Goods is an American sporting goods retailer headquartered in Coraopolis, Pennsylvania. The company was founded in 1948 by Richard “Dick” Stack. As of 2019, it operates more than 850 stores in 47 states. The company offers a wide range of products, including apparel, footwear, and equipment for sports and fitness activities.
– Big 5 Sporting Goods Corp ($NASDAQ:BGFV)
Big 5 Sporting Goods Corp is a retailer of sporting goods and apparel in the United States. The company has a market cap of 280.08M as of 2022 and a Return on Equity of 19.14%. The company operates stores under the Big 5 Sporting Goods, Big 5 Sporting Goods Outlet, and Big 5 Trading Post banners. The company offers a wide variety of products, including athletic shoes, apparel, and accessories, as well as a variety of outdoor and recreational equipment.
– Hibbett Inc ($NASDAQ:HIBB)
Hibbett, Inc. is a publicly traded company with a market capitalization of 780.18 million as of 2022. The company operates in the retail sector and focuses on selling sporting goods and apparel. Hibbett has a return on equity of 27.86%.
Summary
Sportsman’s Warehouse reported a decrease in revenue of 11.8% and a net income loss of -3.3 million in its second quarter of FY2024 compared to the same period in the previous year. Investors should monitor the company’s performance to get a better understanding of its fundamentals and financial health, and consider the potential risks and benefits associated with investing in Sportsman’s Warehouse.
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