SPWH News & Events

A catch-up rally in Utilities and Basic Materials - the best performing sectors in the S&P 500 - helped the benchmark index to new record highs on Tuesday, though Energy and Technology were also bid amid the ongoing inflows seeking to benefit from Middle East tension and the powerful AI capex cycle.  Communication Equipment names and Semiconductors traded especially strongly within Tech, though Infrastructure and Application Software underperformed as Microsoftpared its gains after three strong sessions.  HP Enterpriseand Coherentwere the best performing stocks in the S&P 500 while Intuitand Trade Deskwere the biggest losers with a 9% decline.In the opening hour of the evening session, S&P e-minis and Nasdaq 100 contracts are down about a decimal.  In commodities, WTI Crude Oil remains bid with a 1% advance while Copper is consolidating two strong sessions of gains.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Sportsman's Warehouseup 13%GameStopup 9%Ulta Beautyup 0.2%ALSO HIGHER -Shopifyup 1.5% after $3B buybackDOWN AFTER EARNINGS -Yextdown 17%GitLabdown 5%PetMed Expressdown 2.4%Palo Alto Networksdown 1.4%.ALSO LOWER -TETRA Technologiesdown 11% after equity offering

Reports Q1 revenue $256.08M, consensus $252.95M. "I'm pleased with our first quarter performance, as same store sales increased 2.1% compared to last year, despite continued consumer economic pressure and higher fuel prices," said Paul Stone, president and CEO of Sportsman's Warehouse. "During the first quarter, we successfully executed our spring Range Days event, highlighting key products and leading brands across our personal protection and shooting sports categories. Combined with external event-driven demand, these efforts contributed to strong growth in hunting and shooting sports. Our e-commerce business also delivered strong results this quarter, with sales increasing by over 6% compared to last year. As part of our 2026 strategy, we continue to enhance the online shopping and website experience, and we are encouraged by the early results. Looking ahead, we remain focused on driving profitable growth, maintaining disciplined inventory management, and generating positive free cash flow to further strengthen our balance sheet through debt reduction."

Backs FY26 same store sales view down 1% to up 2%. Backs FY26 capital expenditures view $20M-$25M. "We delivered a solid start to the year, with first quarter net sales increasing 2.8% and same store sales growing 2.1% compared to last year," said Jennifer Fall Jung, CFO of Sportsman's Warehouse. "While category mix pressured gross margin, we continued to execute with discipline across the business, delivering SG&A leverage and improved adjusted EBITDA compared to last year. We also made continued progress on our inventory efficiency initiatives, reducing inventory levels by more than 6% year-over-year, while improving the alignment of receipts with seasonal demand. Our focus remains on driving profitable sales growth, tightly managing expenses and inventory, and generating positive free cash flow to reduce debt and strengthen the balance sheet. Despite continued pressure on the US consumer and higher fuel prices, we remain confident in our strategy for 2026."