- Aprile 21, 2023
- Posted by: Oliver
- Categoria: Economics, Finance & accounting
Shares of Sportsman’s Warehouse Holdings (NASDAQ: SPWH) plunged in pre-market trading on Thursday after the outdoor specialty retailer’s Q1 guidance left investors disappointed. The company expects comparable sales to continue to decline in the range of 19% to 17% year-over-year in the first quarter. Net sales in Q1 have been projected to be between $265 million and $270 million, below the consensus estimates of $319.7 million.
SPWH expects to report an adjusted diluted loss in Q1 in the range of $0.40 to $0.35 per share worse than analysts’ estimates of earnings of $0.02 per share.
In the fourth quarter, Sportsman’s revenues declined by 8.9% year-over-year to $379.3 million, exceeding consensus forecasts of $319.7 million. Adjusted earnings came in at $0.33 per diluted share versus $0.49 in the same period a year back, while analysts were expecting an EPS of $0.03.
