Sportsman Warehouse | 10-Q: FY2026 Q3 Revenue Beats Estimate at USD 331.32 M

Revenue: As of FY2026 Q3, the actual value is USD 331.32 M, beating the estimate of USD 331.11 M.

EPS: As of FY2026 Q3, the actual value is USD 0, missing the estimate of USD 0.0733.

EBIT: As of FY2026 Q3, the actual value is USD 8.32 M.

Segment Revenue

• Net Sales: $331.3 million for the 13 weeks ended November 1, 2025, an increase of 2.2% from $324.3 million in the same period of 2024. For the 39 weeks ended November 1, 2025, net sales were $874.3 million, up 2.0% from $857.2 million in the same period of 2024.

Operational Metrics

• Gross Profit: $108.7 million for the 13 weeks ended November 1, 2025, up 5.5% from $103.1 million in the same period of 2024. Gross profit for the 39 weeks ended November 1, 2025, was $278.3 million, an increase from $266.9 million in the same period of 2024.
• Selling, General, and Administrative Expenses: $104.5 million for the 13 weeks ended November 1, 2025, compared to $100.0 million in the same period of 2024. For the 39 weeks ended November 1, 2025, these expenses were $296.9 million, up from $288.7 million in the same period of 2024.
• Net Income (Loss): $8 thousand for the 13 weeks ended November 1, 2025, compared to a loss of $364 thousand in the same period of 2024. For the 39 weeks ended November 1, 2025, the net loss was $28.3 million, compared to a loss of $24.3 million in the same period of 2024.

Cash Flow

• Net Cash Used in Operating Activities: - $70.5 million for the 39 weeks ended November 1, 2025, compared to - $18.7 million in the same period of 2024.
• Net Cash Used in Investing Activities: - $18.7 million for the 39 weeks ended November 1, 2025, compared to - $11.3 million in the same period of 2024.
• Net Cash Provided by Financing Activities: $88.6 million for the 39 weeks ended November 1, 2025, compared to $29.4 million in the same period of 2024.

Unique Metrics

• E-commerce Sales: Comprised approximately 19% of total sales for the 13 weeks ended November 1, 2025, increasing by more than 8% compared to the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to open one new store in fiscal year 2025 and has implemented cost reduction measures in response to macroeconomic conditions. The focus remains on maintaining sufficient inventory in-stocks and leveraging a digital-first marketing strategy to drive sales.
• Non-Core Business: No specific plans related to divestitures or emerging segments were mentioned in the report.