SPWH 8-K SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

SPWH ▲ +7.58% at T+20d

SHORT call ✗ call lost -7.58% · α vs SPY +2.15% · entry $1.32 → $1.42

Next anchor: T+60d in 13d

Currently $1.23 · +6.82% from $1.32 entry (call sign-flipped)

Entry anchored
Mar 31, 03:59 PM ET
via Databento tick

T+1d

-3.03%

call +3.03% · α +3.11%

$1.28

settled 2mo ago

T+5d

+4.55%

call -4.55% · α -0.78%

$1.38

settled 2mo ago

T+20d

+7.58%

call -7.58% · α +2.15%

$1.42

settled 6w ago

T+60d

—

call — · α —

—

in 13d

Price Chart

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Executive Summary

Sportsman's Warehouse reported fiscal year 2025 results with a 1.0% increase in net sales to $1.21B and a full-year net loss of $50.1M, driven by $17.8M in impairment charges. Adjusted EPS was $(0.56), missing consensus of $(0.58), while revenue missed by 1.6%. The company guided 2026 same-store sales between down 1.0% and up 2.0% and adjusted EBITDA of $30M–$36M, below prior-year $29.6M at midpoint.

Key Financial Metrics

Gross Margin

30.9%

Actionable Insight

Monitor upcoming quarters for execution on store closures and margin improvement; the lowered 2026 EBITDA guidance and revenue miss suggest ongoing operational headwinds despite inventory reduction.

Key Facts

Fiscal year 2025 net sales: $1.209B (+1.0% YoY), missing consensus of $1.229B
GAAP diluted loss per share: $(1.30); adjusted diluted loss per share: $(0.56)
Adjusted EBITDA: $27.5M, down from $29.6M in fiscal 2024
Impairment charges of $17.8M related to 10 underperforming stores
2026 guidance: same-store sales -1.0% to +2.0%, adjusted EBITDA $30M–$36M
Inventory down 8.5% YoY; net debt reduced by 6.1% to $90.0M

Financial Impact

Revenue and adjusted EPS both missed consensus, with adjusted EBITDA declining YoY. 2026 guidance implies flat to negative growth and EBITDA below prior year.

revenueepsebitdaguidance

Risk Factors

Consumer spending pressure in outdoor retail segment
Execution risk in closing underperforming stores
Declining adjusted EBITDA despite cost controls

Market Snapshot

Exchange

Nasdaq

Sector

Retail-Miscellaneous Shopping Goods Stores

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001193125-26-134574
Document: spwh-20260331.htm	0001193125-26-134574
Document: 0001193125-26-134574-index-headers.html	0001193125-26-134574
Document: 0001193125-26-134574-index.html	0001193125-26-134574
Document: 0001193125-26-134574.txt	0001193125-26-134574
8-K Data (Synthetic)	0001193125-26-134574

5 reports for SPWH

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for SPWH — sortable, filterable
	Type				Now
Jun 2, 2026 10d ago	8-K NEUTRAL ★ 5/10	$1.45 $1.40	▼ −3.45%	▼ −3.85%	$1.23 (−15.17%)
Jun 2, 2026 10d ago	Press Release BEARISH ★ 6/10	$1.45 $1.40	▲ +3.45%	▲ +3.85%	$1.23 (+15.17%)
Mar 31, 2026 10w ago	8-K BEARISH ★ 7/10	$1.32 $1.28	▲ +3.03%	▲ +3.11%	$1.23 (+6.82%)
Mar 17, 2026 12w ago	Press Release NEUTRAL ★ 3/10	$1.38 $1.36	▼ −1.45%	▼ −1.18%	$1.23 (−10.87%)
Mar 3, 2026 14w ago	Press Release MIXED ★ 6/10	$1.48 $1.44	▼ −2.70%	▼ −3.46%	$1.23 (−16.89%)

US Market Status

Market Closed — Opens Mon (49h 29m)

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