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WEST JORDAN, Utah - Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) saw its stock surge 20% in aftermarket trading Tuesday after reporting fourth quarter earnings that beat analyst expectations.
The outdoor sporting goods retailer posted adjusted earnings per share of $0.04, compared to the analyst estimate of a $0.06 loss per share. Revenue came in at $340.4 million, topping the consensus forecast of $328.67 million.
Same store sales decreased 0.5% on a 13-week comparable basis compared to the fourth quarter of fiscal 2023. However, this marked an improvement from the 12.8% decline seen in the same period last year.
"We were pleased that our quarterly trends continued to improve, with same store sales down slightly at 0.5% in the fourth quarter on a year-over-year comparable 13-week basis," said Paul Stone, President and CEO of Sportsman’s Warehouse.
For fiscal year 2025, the company expects net sales to range between a 1% decline to 3.5% growth. It also anticipates adjusted EBITDA of $33 million to $45 million.
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