By Doc Louallen

Shares of Sportsman's Warehouse advanced after the retailer posted higher first-quarter sales as increased sales of guns, ammunition and fishing gear offset weakness in other categories.

The stock rallied 9.9% in late trading to $1.56. Through Tuesday's close shares are 2.7% this year.

The retailer of outdoor products reported a net loss of $21.8 million, or 56 cents a share, compared with a net loss of $21.3 million, or 56 cents a share, a year earlier.

Adjusted earnings were a loss of 39 cents a share, compared with analysts' expectations for a loss of 54 cents a share, according to analysts surveyed by FactSet.

Revenue rose 2.8% to $256.1 million, compared with Wall Street estimates of $252.3 million, according to FactSet.

Chief Executive Paul Stone said the sales gain came despite continued pressure on consumers and higher fuel prices.

Same-store sales increased 2.1%, driven by a 7.4% gain in hunting and shooting sports, led by firearms, ammunition and less-lethal personal protection, and a 6% increase in fishing, as customers prepped for the spring season. Other categories declined.

E-commerce sales rose 6% from a year ago.

Chief Financial Officer Jennifer Fall Jung cited the company's disciplined cost control and inventory efficiency, noting inventory fell more than 6% year over year. She added that the company remains focused on positive free cash flow to reduce debt.

The company backed its fiscal-year outlook.

Write to Doc Louallen at Doc.Louallen@wsj.com

(END) Dow Jones Newswires

June 02, 2026 17:59 ET (21:59 GMT)

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