SPWH Reports Results
Sportsman's Warehouse(NASDAQ:SPWH) reported second quarter 2025 results on Aug. 5, 2025, highlighting net sales of $393.9 million, up 1.8% year-over-year, and same-store sales increased 2.1%, while it narrowed its adjusted net loss to $4.7 million. The company signaled strategic inventory investment, positive comp momentum, and raised the lower end of its fiscal 2025 (period ending Jan. 31, 2026) net sales guidance to reflect flat growth to up to 3.5% year-over-year, and reiterated its adjusted EBITDA guidance of $33 million to $45 million for fiscal 2025. Key insights detailed below reveal competitive share gains, operational execution on inventory and margin levers, and evolving category strategies shaping the long-term outlook.
Company-wide comp store sales turned positive for the second consecutive quarter, with firearms units up over 4% despite a 4.9% quarterly decline in adjusted NICS (National Instant Criminal Background Check System, a firearms demand proxy) checks, implying meaningful market share gains. Category growth was led by hunting (up 4% year-over-year), fishing (up 10.9% year-over-year), and ammunition sales grew 10%, while camping sales were down 10% year-over-year, following the strategic exit of slow-moving SKUs.
This momentum underscores the company’s ability to outperform underlying industry demand trends by leveraging locally tailored assortments, digital marketing, and strategic category focus.
Source Fool.com
