Sportsman’s Warehouse reports Q2 adjusted EPS (12c), consensus (12c)

Reports Q2 revenue $293.9M, consensus $291.56M. Same store sales increased 2.1%. “I’m encouraged by the progress our team is making as we advance our transformation strategy. In the second quarter, we delivered 2.1% same store sales growth-our second consecutive quarter of positive comps-despite ongoing consumer headwinds and a tough June comparison,” said Paul Stone, president and CEO of Sportsman’s Warehouse (SPWH). “Our focus on localizing assortments and shifting to digital-first marketing is already driving results, with markets like Alaska delivering high single-digit growth. At the same time, our firearms business once again outperformed the industry, underscoring our continued share gains. These results highlight the effectiveness of our strategy and the competitive advantages we’re building for profitable long-term growth. We remain focused on executing our seasonal merchandising plan to drive working capital efficiencies, which will support further debt reduction.”