Sportsman’s Warehouse Reports Q2 2025 Financial Results

Sportsman’s Warehouse ( (SPWH) ) has released its Q2 earnings. Here is a breakdown of the information Sportsman’s Warehouse presented to its investors.

Sportsman’s Warehouse Holdings, Inc. is an outdoor specialty retailer that caters to a wide range of outdoor enthusiasts, offering a variety of gear and services to inspire outdoor activities. The company operates primarily in the retail sector, focusing on outdoor sports and recreation.

In its second quarter of 2025, Sportsman’s Warehouse reported a 2.1% increase in same-store sales, outperforming industry benchmarks despite challenging market conditions. The company also improved its gross margin by 80 basis points and upgraded its full-year outlook, indicating a positive trajectory in its financial performance.

Key financial highlights for the quarter include net sales of $293.9 million, marking a 1.8% increase from the previous year, driven by strong performance in the Fishing, Hunting, and Shooting Sports departments. The company’s eCommerce channel also showed growth, contributing to the overall sales increase. However, the company reported a net loss of $7.1 million, slightly higher than the previous year’s loss, while adjusted EBITDA improved to $8.3 million.

For the first half of 2025, the company saw a 1.9% increase in net sales to $543.0 million, with a 2.0% rise in same-store sales. Despite a net loss of $28.3 million for the period, adjusted net loss showed improvement, and the company maintained a strategic focus on inventory management and capital efficiency.

Looking ahead, Sportsman’s Warehouse remains optimistic about reducing debt and inventory levels by the end of 2025, with expectations for net sales to range from flat to a 3.5% increase. The company plans to continue investing in technology and store productivity, with a new store opening anticipated in November 2025.