Sportmans Warehouse (SPWH) Tops Q4 EPS by 1c
Sportmans Warehouse (NASDAQ: SPWH) reported Q4 EPS of $0.22, $0.01 better than the analyst estimate of $0.21. Revenue for the quarter came in at $185.6 million versus the consensus estimate of $187.64 million.
Same store sales decreased by 5.3%.
Sportmans Warehouse sees Q1 2015 revenue of $140-145 million, versus the consensus of $144.35 million.
Sportmans Warehouse sees FY2015 EPS of $0.56-$0.63, versus the consensus of $0.64. Sportmans Warehouse sees FY2015 revenue of $720-740 million, versus the consensus of $734.68 million.
John Schaefer, President and Chief Executive Officer, stated: "We are very pleased with our performance in fiscal 2014, as we grew our store base by 17.0% with the addition of eight new stores, increased sales by 2.6% and met each of our financial performance objectives despite heightened competition in some of our larger markets and continued industry headwinds that impacted the firearms and ammunition categories. We also executed on our strategic goals by finalizing our store within a store program in the clothing area, making significant strides with our private label initiatives and continuing to develop our customer loyalty program. In addition, we also successfully refined and implemented a smaller prototype that allows us to profitably service smaller Metropolitan Statistical Areas."
Mr. Schaefer continued, "As we begin fiscal 2015, we remain focused on our strategic initiatives and continue to see abundant white space and significant share opportunity to be captured within the outdoor sporting goods market. We believe we are well positioned to capitalize on this opportunity given our distinguishing attributes of high service levels, everyday value and local shopping convenience."
For earnings history and earnings-related data on Sportmans Warehouse (SPWH) click here.
