Sportsman’s Warehouse: Another favorable earnings report
By Christen Smith
Sales continue to grow the gun retailer despite a volatile year for the industry after the Parkland shooting. (Photo: Sportsman’s Warehouse)
Second quarter sales for Sportsman’s Warehouse increased more than 6 percent, the outdoor retailer announced this week. Chief Executive Officer Jon Barker credited the company’s “convenient shopping experience, breadth of assortment and category expertise” for fueling continued sales growth in an industry plagued with volatility.
The retailer reported $203.3 million in sales for the 13 weeks ending Aug. 4, according to regulatory filings published Thursday. Overall sales for the year remain 10 percent above 2017, grossing $383.3 million over the last 26 weeks.
The favorable second quarter results follow a sales boom for the retailer after corporate backlash against the gun industry sent customers flocking into their stores, top executives told investors in May.
“There is clearly a combination of pull forward that happened in quarter one and market share gains,” said Kevan Talbot, the retailer’s chief financial officer. “We can see it in specific regions where we compete against some of the competitors who have made changes. We’re hearing it from our customers on a daily basis.”
Sportsman’s Warehouse assured investors in April there’s no plans to follow in the footsteps of other retailers —