Sportsman’s Warehouse reports Q4 adjusted EPS 4c, consensus (6c)

Reports Q4 revenue $340.4M, consensus $328.67M. Same store sales decreased 0.5%. “We were pleased that our quarterly trends continued to improve, with same store sales down slightly at 0.5% in the fourth quarter on a year-over-year comparable 13-week basis,” said Paul Stone, president and CEO of Sportsman’s Warehouse (SPWH). “The business also continues to outpace the adjusted NICS data, suggesting that we are taking share and outselling the industry in our core hunting and shooting sports category. The changes that we implemented earlier in the year to improve the in-store experience and refine our merchandise to meet the needs of local and seasonal demand are paying off. We ended the year with lower and cleaner than forecasted inventory and generated positive cash flow for the full year.”