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.
SportsmansQ2 net loss narrowed to $4.4M with improved gross margin, higher adjusted EBITDA, and reduced inventory and net debt.
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