Sportsmans Warehouse (NASDAQ: SPWH) reported Q4 EPS of $0.25, in-line with the analyst estimate of $0.25. Revenue for the quarter came in at $242.7 million versus the consensus estimate of $242.86 million.

Jon Barker, Chief Executive Officer, stated, “We are pleased with our solid end to the year as our fourth quarter results were in-line with expectations on the top and bottom line. Our fourth quarter same store sales increase of 3.1% compared to the fourth quarter of fiscal 2017 exceeded our expectations and was driven by strong performance from our existing stores and e-commerce platform. We believe these results are a testament that the investments we’ve made throughout the year are gaining traction, including the enhancements to our omni-channel capabilities, increasing customer acquisition and engagement and offering a differentiated merchandising assortment in fiscal 2018.”

Mr. Barker continued, “As we look to fiscal 2019, we will continue to invest in key areas across the business to further differentiate Sportsman’s Warehouse and better enable us to both strengthen our relationship with our existing customers as well as capitalize on market share opportunities to draw new customers into the fold. Similar to 2018, we will continue to take a disciplined approach as we focus on further strengthening our market position in 2019 and beyond.”

For the thirteen weeks ended February 2, 2019:

• Net sales decreased by 0.2% to $242.7 million from $243.2 million in the fourth quarter of fiscal year 2017 due to the 53rd week of operations in the fourth quarter of fiscal 2017. Excluding the $10.6 million in sales from the 53rd week in the fourth quarter of fiscal year 2017, sales in the fourth quarter of fiscal 2018 increased by 4.4% or $10.2 million driven by a same store sales increase of 3.1% from the comparable prior year period.
• Income from operations was $17.0 million compared to $16.6 million in the fourth quarter of fiscal year 2017. Adjusted income from operations was $17.1 million in the fourth quarter of fiscal 2017, which excludes the write-off of an IT-related asset that did not impact the fourth quarter of fiscal 2018 (see “GAAP and Non-GAAP Measures”).
• Interest expense decreased to $2.7 million from $3.7 million in the fourth quarter of fiscal year 2017.
• Net income was $10.6 million compared to net income of $5.9 million in the fourth quarter of fiscal year 2017. Adjusted net income in the fourth quarter of fiscal 2017 was $8.4 million, which excludes the write-off of an IT related asset and the impact of the Tax Cuts and Jobs Act (“US Tax Reform”) that did not impact the fourth quarter of fiscal 2018(see “GAAP and Non-GAAP Measures”).
• Diluted earnings per share was $0.25 compared to diluted earnings per share of $0.14 for the fourth quarter of fiscal year 2017. Adjusted diluted earnings per share was $0.20 in the fourth quarter of fiscal 2017 (see “GAAP and Non-GAAP Measures”).
• Adjusted EBITDA was $22.0 million compared to $23.0 million in the fourth quarter of fiscal year 2017 (see "GAAP and Non-GAAPMeasures").

GUIDANCE:

Sportsmans Warehouse sees Q1 2019 EPS of ($0.11)-($0.08), versus the consensus of ($0.07). Sportsmans Warehouse sees Q1 2019 revenue of $174-180 million, versus the consensus of $185.6 million.

Sportsmans Warehouse sees FY2019 EPS of $0.52-$0.64, versus the consensus of $0.68. Sportsmans Warehouse sees FY2019 revenue of $860-890 million, versus the consensus of $886.69 million.

For earnings history and earnings-related data on Sportsmans Warehouse (SPWH) click here.