SPWH Q2 Deep Dive: Mixed Traffic Gains Offset by Margin Pressures and Inventory Strategy

stock_story_highlight

Sep 05

Outdoor specialty retailer Sportsman's Warehouse (NASDAQ:SPWH) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 1.8% year on year to $293.9 million. Its non-GAAP loss ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2565557241"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2565557241\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2565557241?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-09-05 13:31","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2565557241","market":"us","top_or_hot":-1,"title":"SPWH Q2 Deep Dive: Mixed Traffic Gains Offset by Margin Pressures and Inventory Strategy","media":"stock_story_highlight","content":"<div>\n<p>Outdoor specialty retailer Sportsman's Warehouse (NASDAQ:SPWH) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 1.8% year on year to $293.9 million. Its non-GAAP loss ...</p>\n\n<a href=\"https://stockstory.org/us/stocks/nasdaq/spwh/news/earnings-call/spwh-q2-deep-dive-mixed-traffic-gains-offset-by-margin-pressures-and-inventory-strategy\">Source Link</a>\n\n</div>\n","source":"stock_story_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SPWH Q2 Deep Dive: Mixed Traffic Gains Offset by Margin Pressures and Inventory Strategy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSPWH Q2 Deep Dive: Mixed Traffic Gains Offset by Margin Pressures and Inventory Strategy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-09-05 13:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://stockstory.org/us/stocks/nasdaq/spwh/news/earnings-call/spwh-q2-deep-dive-mixed-traffic-gains-offset-by-margin-pressures-and-inventory-strategy><strong>stock_story_highlight</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Outdoor specialty retailer Sportsman's Warehouse (NASDAQ:SPWH) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 1.8% year on year to $293.9 million. Its non-GAAP loss ...</p>\n\n<a href=\"https://stockstory.org/us/stocks/nasdaq/spwh/news/earnings-call/spwh-q2-deep-dive-mixed-traffic-gains-offset-by-margin-pressures-and-inventory-strategy\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SPWH","symbol_name":"Sportsman's Warehouse Holdings, Inc.","start_time":0,"source_url":"https://stockstory.org/us/stocks/nasdaq/spwh/news/earnings-call/spwh-q2-deep-dive-mixed-traffic-gains-offset-by-margin-pressures-and-inventory-strategy","article_id":"2565557241","we_media_id":null,"thumbnails":[],"rights":{"source":"stock_story_highlight","url":"https://stockstory.org/us/stocks/nasdaq/spwh/news/earnings-call/spwh-q2-deep-dive-mixed-traffic-gains-offset-by-margin-pressures-and-inventory-strategy","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2565557241","pubTimestamp":1757050260,"columns":[],"sourceInfo":{"source_id":"stock_story_highlight","name":"StockStory"},"weMediaInfo":null,"summary":"Outdoor specialty retailer Sportsman's Warehouse (NASDAQ:SPWH) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 1.8% year on year to $293.9 million. Its non-GAAP loss of $0.12 per share was in line with analysts’ consensus estimates.","collect":0,"end_time":0,"defaultTopTitle":"stockstory.org","property":[],"viewcount":null,"language":"en","relate_stocks":{"SPWH":"Sportsman's Warehouse Holdings, Inc.","BK4595":"比特币概念","BK4596":"哈里斯概念","STRK":"MICROSTRATEGY 8.00% SERIES A PERPETUAL STRIKE PFD","BK4200":"专卖店","BK4600":"加密货币概念","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4516":"特朗普概念","BK4023":"应用软件"},"translate_title":"SPWH第二季度深入探讨：利润压力和库存策略抵消了混合流量增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPWH":1,"STRK":0.6},"content_text":"Outdoor specialty retailer Sportsman's Warehouse (NASDAQ:SPWH) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 1.8% year on year to $293.9 million. Its non-GAAP loss of $0.12 per share was in line with analysts’ consensus estimates. Is now the time to buy SPWH? Find out in our full research report (it’s free). Sportsman's Warehouse (SPWH) Q2 CY2025 Highlights:Revenue: $293.9 million vs analyst estimates of $291.6 million (1.8% year-on-year growth, 0.8% beat)Adjusted EPS: -$0.12 vs analyst estimates of -$0.12 (in line)Adjusted EBITDA: $8.32 million vs analyst estimates of $7.66 million (2.8% margin, 8.6% beat) EBITDA guidance for the full year is $39 million at the midpoint, above analyst estimates of $35.27 millionOperating Margin: -1.1%, in line with the same quarter last yearSame-Store Sales rose 2.1% year on year (-9.8% in the same quarter last year)Market Capitalization: $115.3 millionStockStory’s TakeSportsman's Warehouse reported its second straight quarter of same-store sales growth and improved inventory positioning. CEO Paul Stone pointed to targeted merchandising and localized marketing as key drivers, particularly in Alaska and the fishing and hunting categories. However, margin headwinds and category mix weighed on profitability, with Stone noting, “attachment remains strong as average order value continues to be at all-time highs,” even as average unit retail in firearms declined.Looking ahead, management is focused on disciplined execution of its inventory and merchandising strategies to drive profitable growth, while remaining cautious about margin pressures from tariffs and a shift toward lower-margin categories. CFO Jennifer Paul Young emphasized ongoing efforts to manage variable costs and optimize working capital, stating, “We are reiterating our adjusted EBITDA guide... driven by modest gross margin improvement and disciplined expense management.” The company plans to leverage technology investments and new product introductions, though uncertainty around tariffs and promotional intensity may impact short-term performance.Key Insights from Management’s RemarksManagement attributed Q2’s performance to strength in hunting, shooting sports, and fishing, while flagging ongoing margin pressures and mixed results across other departments.\nHunting and shooting categories: Firearms and ammunition outperformed broader industry trends, with unit sales growth and increased market share, but average selling prices declined, signaling increased customer price sensitivity and trade-down behaviors.\nFishing category momentum: Fishing sales rose nearly 11% year over year, marking 20% growth over two years, as management pointed to expanded local participation and targeted inventory investments—especially in late-season product—driving this success.\nPersonal protection growth: The company reported strong early results from expanding its personal protection assortment, including the Burna and TASER brands. Management believes this segment is bringing new customers into stores, representing an area for further growth.\nCamping and margin mix: Camping sales declined 10% as the company eliminated slow-moving categories, which had previously tied up working capital. The shift resulted in a negative impact on overall gross margin mix, as higher-margin categories like camping shrank while lower-margin categories like firearms grew.\nOmnichannel and BOPUS strength: E-commerce sales increased 3%, with over 70% of online transactions fulfilled via “Buy Online, Pick Up in Store” (BOPUS), highlighting the importance of omnichannel traffic and the digital strategy in supporting both online and brick-and-mortar business.\nDrivers of Future PerformanceSportsman’s Warehouse expects its near-term performance to be shaped by inventory management, category mix, and ongoing macroeconomic uncertainty, especially around tariffs and consumer spending.\nMargin pressure from mix and tariffs: Management expects continued margin headwinds in the back half of the year due to a higher mix of firearms and ammunition sales—both lower-margin categories—and the risk of additional tariffs, though ongoing negotiations with vendors and MAP (Minimum Advertised Price) policies may help offset some impacts.\nInventory and working capital discipline: The company is prioritizing inventory efficiency, aiming to enter and exit seasons earlier to reduce excess stock and improve cash flow. Management believes these initiatives will support profitability and debt reduction by year-end.\nGrowth in personal protection and new products: Expansion of personal protection offerings and new product partnerships are expected to attract incremental customers and drive higher basket attachment, though management notes these benefits may take time to fully materialize.\nCatalysts in Upcoming QuartersIn the coming quarters, our analysts will be monitoring (1) the effectiveness of inventory sell-through and ability to end the year with lower stock levels, (2) the impact of new personal protection products and expanded omnichannel initiatives on customer traffic and sales, and (3) how well the company manages margin pressures from tariffs and a shifting product mix. Execution on working capital discipline and growth in underpenetrated markets will also be key markers of strategic progress.Sportsman's Warehouse currently trades at $2.80, down from $2.99 just before the earnings. At this price, is it a buy or sell? Find out in our full research report (it’s free). Now Could Be The Perfect Time To Invest In These StocksWhen Trump unveiled his aggressive tariff plan in April 2025, markets tanked as investors feared a full-blown trade war. But those who panicked and sold missed the subsequent rebound that’s already erased most losses. Don’t let fear keep you from great opportunities and take a look at Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI?  See the open roles here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}