Sportmans Warehouse (SPWH) Tops Q3 EPS by 1c
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Sportsman's Warehouse Holdings, Inc. Improves Interest Rate on Term Loan and Increases Borrowing Capacity on Revolving Credit Facility
December 4, 2014 4:02 PM ESTMIDVALE, Utah, Dec. 4, 2014 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's" or the "Company") (Nasdaq: SPWH) today announced that it has completed the refinancing of its existing $235 million senior secured term loans at a lower interest rate and has increased the borrowing capacity under the terms of its revolving credit facility. These moves reflect the Company's strong performance and favorable long-term outlook.
Sportsman's Warehouse partnered with KKR's credit business on the new senior secured term loan. The new $160 million senior term loan facility, issued at a price of 99 percent of the aggregate principal... More
Sportsman's Warehouse Holdings, Inc. Announces Third Quarter 2014 Financial Results
December 4, 2014 4:01 PM ESTMIDVALE, Utah, Dec. 4, 2014 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's" or the "Company") (Nasdaq: SPWH) today announced financial results for the thirteen weeks ended November 1, 2014.
For the thirteen weeks ended November 1, 2014:
Net sales increased by 4.3% to $182.5 million from $175.1 million in the third quarter of fiscal 2013. Same store sales decreased by 6.2%, primarily as a result of the decline in demand for firearms and ammunition. Income from operations increased to $18.6 million from $17.0 million in the third quarter of fiscal 2013. The Company opened one new... More