Sportsmans Warehouse (NASDAQ: SPWH) reported Q4 EPS of ($0.10), $0.08 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $334.9 million versus the consensus estimate of $329.84 million.

For fiscal year 2026, the Company estimates same store sales to be in the range of down 1.0% to up 2.0% and adjusted EBITDA to be in the range of $30 million to $36 million. The Company also expects capital expenditures for 2026 to be in the range of $20 million to $25 million, primarily consisting of technology investments and general store maintenance. There are no new store openings planned for 2026.

“We were encouraged by our performance in 2025, particularly our return to positive comparable sales growth,” said Jennifer Fall Jung, Chief Financial Officer of Sportsman’s Warehouse. “We strengthened our balance sheet through disciplined inventory management, reducing inventory by 8.5%, while improving its quality and productivity. This, combined with focused expense management, allowed us to generate positive free cash flow, pay down our debt, and enhance overall liquidity.”

“We are approaching the year with a balanced outlook,” continued Fall Jung. “Our strategic initiatives are firmly in motion and we believe the actions we’ve taken position us to drive profitable growth, improve returns, and continue strengthening the balance sheet. Following the comprehensive review of our store fleet, we expect to close approximately five locations over the next 12 months. These closures are anticipated to occur after the holiday season, and as such, we do not expect a material impact to this year’s results.”

The Company has not reconciled expected adjusted EBITDA for fiscal year 2025 to GAAP net income because the Company does not provide guidance for net (loss) income and is not able to provide a reconciliation to net (loss) income without unreasonable effort. The Company is not able to estimate net (loss) income on a forward-looking basis without unreasonable efforts due to the variability and complexity with respect to the charges excluded from Adjusted EBITDA.

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