SPWH News & Events

Xponential Fitness "announced that John Meloun, Chief Financial Officer, has separated from the Company effective March 9, 2026. Robert Julian has been appointed interim Chief Financial Officer, effective March 16, 2026. Mr. Julian brings more than 30 years of financial leadership experience, having previously served as the Chief Financial Officer of TheRealReal, Inc. (REAL), Callaway Golf (ELY), Executive Vice President and Chief Financial Officer at Sportsman's Warehouse (SPWH), and Executive Vice President and Chief Financial Officer and Treasurer at Deluxe Entertainment Services Group. The Company has engaged a leading search firm to find a permanent Chief Financial Officer. Xponential also reaffirmed its full-year 2026 financial guidance, as previously announced in the fourth quarter and full-year 2025 earnings release issued on February 26, 2026."

Sees same store sales of approximately $1.21B. This is an expected increase of 1.0% and 1.0% respectively, compared to the prior year. Sees adjusted EBITDA of approximately $27.5M. Sees net debt of approximately $90M, a decrease of 6.1%; ending inventory of approximately $312.9M, a decrease of $29.1M or 8.5% compared to the prior year; and total liquidity of approximately $107.8M. The Company expects free cash flow for the full year to be approximately $7.6M. "I am pleased to report that our preliminary fourth quarter and full year results exceeded our expectations," said Paul Stone, Chief Executive Officer of Sportsman's Warehouse. "Although November and early December started out softer than expected - causing us to adjust our guidance - we saw sales accelerate mid fourth quarter, which carried into both January and February. The fourth quarter was highlighted by our strong performance in the hunting and shooting sports category, where we once again outperformed the adjusted NICS background check data, suggesting market share gains within the firearm space." "2025 marks the first year since 2020 where we have achieved positive same store sales growth for the full year," continued Stone. "This is a testament to the execution of our three-year turnaround strategy we began to implement in 2024. I am also pleased with how we efficiently managed our balance sheet, with inventory expected to be down nearly 8.5% compared to last year and net debt anticipated to be down 6.1%. This gives me confidence that our team has the business well-positioned to achieve profitable growth in 2026."

The company said, :As part of the Company's review of its stores, we have identified about five stores for potential closure due to underperformance and lack of profitability. The Company expects to incur an impairment charge for fiscal year 2025 primarily related to leasehold improvements and operating lease assets. In addition, the Company expects to incur additional charges if the stores are closed, primarily related to employee-related costs. The Company is currently analyzing and determining the amount of the impairment charges and related expenses and will provide additional details and disclosure when it reports its full-year earnings. The impairment charges expected to be incurred in the fourth quarter of fiscal year 2025 will not impact net sales or Adjusted EBITDA for fiscal year 2025. While the number of stores has not yet been determined, if the Company were to close five stores, we would expect them to contribute approximately $(1.5) million of Adjusted EBITDA for fiscal year 2025."

Sees same store sales of approximately $333.6M; Adjusted EBITDA of approximately $9.6M.