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Sportsman's Warehouse Stock Plunges After Cautious 2025 Guidance Despite Slight Q3 Sales Beat

A flat-to-slight growth forecast with $22 million to $26 million in EBITDA guidance pushed the shares to roughly $1.60.

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Overview

  • The retailer reported Q3 earnings of $0.08 per share in line with expectations and revenue of $331.323 million, topping estimates by a narrow margin.
  • Management forecast FY25 net sales to be flat to slightly higher and projected adjusted EBITDA of $22 million to $26 million.
  • Shares fell 34.7% on Friday to trade near $1.60 after the results and outlook were released.
  • Baird cut its price target to $2 with a Neutral rating, and Roth Capital lowered its target to $2.25 while maintaining a Buy.
  • The company logged a third straight quarter of positive same-store sales driven by hunting, fishing, firearms, and personal protection, and opened a new personal protection–focused store in Surprise, Arizona that it says will be its only opening in 2025 and 2026.