Q2 2024 Sportsmans Warehouse Holdings Inc Earnings Call
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 04 2024
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Source: Yahoo Finance
Earnings Call Overview: Sportsman's Warehouse reported a net sales decline to $288.7 million in Q2 2024, down from $309.5 million the previous year, with same-store sales decreasing by 9.8%. The company is focusing on inventory management and enhancing customer service through a cultural shift in store operations.
Strategic Initiatives: The leadership emphasized a turnaround strategy involving a $20 million investment in core inventory, improved marketing efforts under new leadership, and a commitment to generating positive free cash flow while managing debt effectively amidst challenging macroeconomic conditions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
