By Katherine Hamilton
Sportsman's Warehouse posted a fourth-quarter loss roughly equal to the year before, while same-store sales declined by only half a percentage point.
The sporting apparel retailer posted a loss of $8.7 million, or 23 cents a share, in the quarter ended Feb. 1, roughly the same as a year earlier.
Stripping out certain one-time items, adjusted per-share earnings were 4 cents, ahead of analysts' forecasts for a 6 cent a share loss, according to FactSet.
Revenue fell 8% to $340.4 million. Analysts surveyed by FactSet forecast revenue of $328.7 million. The sales decrease was partly due to the fact that the prior year's quarter was a week longer, Sportsman's said.
Same-store sales fell 0.5%, while Wall Street was expecting them to fall 5%.
Inventory balance during the fourth quarter was better than expected as the company moved through its seasonal inventory.
Sportsman's expects fiscal-year 2025 revenue to fall somewhere in the range of a 1% decline to 3.5% growth. The company plans to put capital expenditure this year towards technology for merchandising and store productivity, and anticipates one new store opening in Arizona.
"Through our improvements in core product in-stocks, and focus on local relevance in our grass roots categories of hunting and fishing, we believe we can achieve same store sales growth in 2025, even with the tough economic environment," Chief Financial Officer Jeff White said.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
April 01, 2025 16:37 ET (20:37 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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