Sportsman's Warehouse Reports Q3 Revenue of $331.32M, Same Store Sales Up 2.2%
Reports Q3 revenue $331.32M, consensus $331.11M. Same store sales increased 2.2% in Q3. "This quarter we delivered our third consecutive period of positive same-store sales growth, driven by strong performance in our hunting, fishing, firearms, and personal protection categories, while continuing to gain share in a highly promotional and challenging retail environment," said Paul Stone, Chief Executive Officer of Sportsman's Warehouse. "We were also pleased in early November to open our new Surprise, Arizona location - our 11th store in the state - which marks our first personal protection-focused concept in a market where we have a proven track record of strong performance. This strategically located store represents our only planned opening for both 2025 and 2026 and reflects our commitment to thoughtful capital management."
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Earnings Report: Sportsman’s Warehouse Holdings Inc reported third-quarter earnings of 8 cents per share, meeting analyst expectations, while sales of $331.323 million exceeded estimates.
Future Outlook: The company anticipates flat to slightly increased net sales for FY25 and expects adjusted EBITDA between $22 million and $26 million.
Store Expansion: The CEO announced the opening of a new store in Surprise, Arizona, marking the company's first personal protection-focused concept, with no further openings planned until 2026.
Stock Performance: Following the earnings announcement, Sportsman’s Warehouse shares fell 34.7% to $1.60, prompting analysts to adjust their price targets downward.
U.S. Stock Market Performance: U.S. stocks saw gains, with the Dow up 0.17%, Nasdaq rising 0.2%, and S&P 500 increasing by 0.15% on Friday. Communication services led the sectors with a 0.9% increase, while utilities fell by 0.6%.
Notable Stock Movements: Praxis Precision Medicines surged 31% after FDA alignment, DigitalBridge Group rose 32% amid acquisition talks, and Rubrik Inc gained 23% following strong financial results. Conversely, Parsons Corp dropped 25% after losing a bid, and Domo Inc fell 23% due to disappointing guidance.
Economic Indicators: The U.S. PCE price index rose 0.3% month-over-month in September, aligning with market expectations. Personal income and spending also increased by 0.4% and 0.3%, respectively.
Global Market Trends: European shares mostly declined, with the STOXX 600 down 0.01%, while Asian markets closed higher, led by gains in Hong Kong and China, despite Japan's Nikkei falling 1.05%.

Management Insights: Sportsman's Warehouse reported a 2.2% increase in same-store sales for Q3 2025, driven by strong performance in hunting, shooting sports, and fishing, despite challenges from a prolonged government shutdown affecting consumer confidence.
Financial Performance: The company achieved net sales of $331.3 million and improved gross margin to 32.8%, but adjusted EBITDA guidance was lowered to $22-$26 million due to increased promotional pressure and lower-than-expected Q4 sales.
Strategic Focus: Management emphasized a conservative approach moving forward, prioritizing inventory discipline and cost control while continuing to focus on core categories and enhancing digital marketing efforts.
Risks and Concerns: Analysts expressed skepticism regarding sales sustainability and inventory risks, highlighting macroeconomic headwinds and the impact of promotional activities on margins as ongoing challenges for the company.
U.S. Stock Market Performance: U.S. stocks opened higher, with the Dow Jones gaining over 150 points, while the NASDAQ and S&P 500 also saw increases of 0.37% and 0.33%, respectively.
Victoria's Secret Financial Results: Victoria's Secret reported better-than-expected third-quarter results, with losses of 27 cents per share, surpassing analyst estimates, and raised its FY25 guidance.
Equities Trading Highlights: Notable stock movements included SMX shares surging 106%, while Ambitions Enterprise Management saw a 32% drop. Other significant gains were reported for Wheeler Real Estate and Treasure Global.
Global Market Overview: European shares were mostly higher, while Asian markets closed mixed. U.S. personal income rose by 0.4% in September, and the PCE price index increased by 0.3%, aligning with market expectations.

Analyst Rating Changes: Top Wall Street analysts have adjusted their price targets for several companies, with notable changes including Piper Sandler lowering ServiceTitan's target and Needham raising Cooper Companies' target.
Price Target Increases: Companies like Ciena Corp and Ulta Beauty Inc saw significant increases in their price targets, with Ciena's target rising from $130 to $240 and Ulta's from $606 to $647.
Price Target Decreases: Sportsman’s Warehouse Holdings experienced a downgrade, with Baird cutting its price target from $3.5 to $2 while maintaining a Neutral rating.
Current Stock Prices: The article provides the latest closing prices for various companies, highlighting the market performance of stocks like Broadcom, Edwards Lifesciences, and Dollar General.









