Sportsmans Warehouse (SPWH) Reports In-Line Q3 EPS, Beats on Revenues

Sportsmans Warehouse (NASDAQ: SPWH) reported Q3 EPS of $0.23, in-line with the analyst estimate of $0.23. Revenue for the quarter came in at $281.1 million versus the consensus estimate of $223.24 million.

For the thirteen weeks ended October 28, 2017:

• Net sales increased by 0.4% to $218.1 million from $217.2 million in the third quarter of fiscal year 2016. Same store sales decreased by 7.0% over the same period.
• Income from operations was $19.5 million compared to $20.5 million in the third quarter of fiscal year 2016.
• The Company opened three new stores in the third quarter of fiscal 2017 and ended the quarter with 86 stores in 22 states, or square footage growth of 10.8% from the end of the third quarter of fiscal year 2016.
• Interest expense increased to $3.5 million from $3.4 million in the third quarter of fiscal year 2016.
• Net income was $9.8 million compared to $10.5 million in the third quarter of fiscal year 2016.
• Diluted earnings per share were $0.23 compared to $0.25 in the third quarter of fiscal year 2016.
• Adjusted EBITDA was $25.1 million compared to $26.1 million in the third quarter of fiscal year 2016 (see "GAAP and Non-GAAP Measures").
• For earnings history and earnings-related data on Sportsmans Warehouse (SPWH) click here.

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