Sportsman's Warehouse stock soared 22.8% after beating EPS expectations and reducing excess inventory

From Investing.com: 2024-04-04 11:32:09

Shares of Sportsman’s Warehouse surged 22.8% after beating analysts’ EPS expectations and reducing excess inventory, despite a 12.8% decline in same-store sales. The company plans 15 new store openings, expects demand challenges in 2024, and hints at improved EBITDA profitability. Investors may find reasons to be optimistic.

Market reactions to Sportsman’s Warehouse have been volatile, with rare movements of over 5% in the last year. Previous notable drop was 14.5% post-Q3 results, citing weaker promotional activities impacting gross margins. Despite exceeding sales and revenue expectations, the company faces ongoing challenges due to consumer spending pressures, possibly raising investor concerns.

Since the start of the year, Sportsman’s Warehouse shares are down 12.7%, trading 55.3% below its 52-week high. A $1,000 investment in the company 5 years ago would now be worth $751.93. Market perception shifts have made the stock more volatile, indicating significant impacts on investor sentiment and business outlook.



Read more at Investing.com: Why Is Sportsman’s Warehouse (SPWH) Stock Soaring Today By Stock Story