Sportsman's Warehouse Holdings, Inc. (SPWH)
Sportsman's Warehouse Holdings, Inc. is a retail company specializing in outdoor sporting goods, including hunting, fishing, camping, and related outdoor activities. Founded in 1986, the company operates stores across the United States, offering a broad selection of gear, apparel, and accessories for outdoor enthusiasts. It aims to provide quality products and expert knowledge to support recreational outdoor lifestyles.
Company News
Sportsman's Warehouse reported a Q3 earnings surprise, with gross margins improving despite declining sales. The company revised its FY24 guidance upwards, citing inventory investments and disciplined cost management.
Sportsman's Warehouse has appointed Ryan Carroll as VP Performance Marketing to lead brand management, creative strategy, and marketing planning. Carroll brings over 20 years of retail expertise and a strategic growth mindset to reinvigorate the company's brand positioning as the premier outdoor specialty retailer.
Academy Sports and Outdoors is navigating a challenging macroeconomic environment, with inflation impacting discretionary spending on sports equipment and outdoor goods. The company is facing softness in sales, margin pressures, and intense competition, leading to a decline in earnings estimates.
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