Sportsman’s Warehouse Holdings, Inc. reported a 2.1% increase in same store sales, outperforming Q2 Adjusted NICS data, with a gross margin up by 80 basis points over last year. The company also improved its full year 2025 Outlook, with net sales reaching $293.9 million in the thirteen weeks ended August 2, 2025.

Despite ongoing consumer headwinds, Sportsman’s Warehouse saw positive results in the second quarter, with same store sales up 2.1% compared to last year. Gross margin increased to 32% of net sales, driven by improved product margins and sales growth in key departments.

For the twenty-six weeks ended August 2, 2025, net sales reached $543.0 million, with same store sales up 2.0%. Gross profit also increased to 31.2% of net sales, driven by favorable mix and rate improvements in the fishing business. However, the company reported a net loss of $(28.3) million for the period.

As of August 2, 2025, Sportsman’s Warehouse had a net debt of $195.1 million and inventory of $443.5 million. The company’s total liquidity was $109.5 million, with plans to reduce debt levels and exit 2025 with total inventory below last year’s levels. Sportsman’s Warehouse expects to open a new store in November 2025 in Surprise, Arizona.

The Company is improving its sales guidance for fiscal year 2025, with expectations of net sales in the range of flat to up 3.5% and adjusted EBITDA between $33 million to $45 million. Capital expenditures for 2025 are expected to be in the range of $20 million to $25 million, primarily for technology investments.

Sportsman’s Warehouse provided reconciliations for non-GAAP financial measures, including adjusted net loss, adjusted diluted loss per share, and adjusted EBITDA. The company believes these measures provide meaningful supplemental information for investors and analysts to evaluate its performance accurately.

Read more at GlobeNewswire: Sportsman’s Warehouse Holdings, Inc. Announces Second