© Reuters. Sportsmans Warehouse stock drops 5% on Q1 miss
Sportsmans Warehouse (NASDAQ:) shares fell more than 5% after-hours following the company’s reported , with EPS of ($0.39) coming in worse than the consensus estimate of $0.03.
Revenue was $267.5 million, missing the consensus estimate of $319.67M, primarily due to lower sales demand from weather-related headwinds in the Western United States leading to decreased outdoor participation, consumer inflationary pressures and recession concerns, partially offset by the opening of 11 new stores since April 30, 2022.
Same-store sales fell 17.8% year-over-year.
The company expects Q2/24 EPS in the range of $0.02-$0.15, compared to the consensus of $0.14, and revenue of $310-$340M, compared to the consensus of $333.8M. Same-store sales are expected to be down 17% to 9% year-over-year.
