Sportsmans

Sportsman's Warehouse reported Q2 CY2026 revenue of $295.6 million, flat year over year and in line with analyst expectations, while its non-GAAP loss of $0.08 per share beat consensus by 25%. Adjusted EBITDA came in at $8.69 million, surpassing estimates, and the company reaffirmed its full-year EBITDA guidance at $33 million, slightly below analyst forecasts. CEO Paul Stone attributed the performance to strength in hunting, shooting sports, and fishing, as well as growth in e-commerce and strategic inventory positioning ahead of peak seasons. Management highlighted expansion in personal protection products, including less-lethal options like TASER and Byrna, and noted high single-digit sales growth in Alaska from localized merchandising. CFO Jennifer Fall Jung cautioned that higher tariffs may pressure margins but said the company is mitigating risks through vendor negotiations and MAP agreements. The stock rose to $1.32 from $1.21 before the earnings release.

Sportsman's Warehouse Holdings reported a narrower net loss of $4.4 million, or negative $0.11 per diluted share, for the second quarter of fiscal 2026, compared with a net loss of $7.1 million, or negative $0.18 per diluted share, in the same period last year. Net sales rose 0.6% to $295.6 million from $293.9 million, with same-store sales essentially flat, while gross margin improved 50 basis points to 32.5%. Adjusted net loss was $3.1 million, or negative $0.08 per diluted share, and adjusted EBITDA increased to $8.7 million from $8.3 million. The company reduced inventory by 10% year-over-year to $399 million and net debt to $169 million. Hunting and shooting sports sales grew nearly 7%, while fishing sales declined about 2%, and e-commerce sales rose nearly 3%. For the full year, Sportsman's Warehouse expects net sales to range from down 1% to up 2%, adjusted EBITDA between $30 million and $36 million, and capital expenditures between $20 million and $25 million.

Sportsman's Warehouse reported a second-quarter loss of $0.08 per share, narrower than the Zacks Consensus Estimate of a $0.11 loss and improved from a $0.12 loss a year ago, marking a 27.27% earnings surprise. Revenue for the quarter ended July 2026 came in at $295.58 million, slightly above the consensus estimate and up from $293.9 million in the prior year. The company has beaten EPS estimates two times in the last four quarters. Management's commentary on the earnings call will be key for near-term stock movement, as shares have fallen about 18.5% year-to-date versus the S&P 500's gain of 12.3%. For the current fiscal year, consensus EPS is -$0.34 on $1.22 billion in revenue, while the next quarter's estimate is $0.12 per share on $331.5 million in revenue.