Sportsmans Warehouse (SPWH) Issues Q4 Profit Warning
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Sportsman's Warehouse Holdings, Inc. Updates Guidance for Fourth Quarter and Fiscal Year 2019
January 9, 2020 4:05 PM ESTWEST JORDAN, Utah, Jan. 09, 2020 (GLOBE NEWSWIRE) -- Sportsmans Warehouse Holdings, Inc. (Sportsmans or the Company) (Nasdaq: SPWH) today announced that the Company is updating its financial guidance for the fourth quarter and fiscal year 2019.
Jon Barker, Chief Executive Officer, stated, Our fourth quarter financial performance has been negatively impacted by temporary headwinds that were exacerbated by the shorter and more competitive holiday selling season. These headwinds were driven by key competitors discounting their firearm and ammunition inventory as they continue to de-emphasize or completely exit these categories, and difficult year-over-year... More
