Sportsman Warehouse Follows Dicks With Strong Earnings, High Forecasts

Sportsman's Warehouse Holdings Inc SPWH released its Q2 results after market close. Earnings per share came in above Wall Street consensus expectations.

Sportsman's Warehouse reported EPS of $0.2 and revenues of $189.8 million. Analyst consensus had an EPS estimate of $0.16 and revenues of $181.6 million.

Sportsman's Warehouse saw Q3 sales at $212-$217 million vs. estimates of $216 million and Q3 EPS of $0.23-$0.26 vs. estimates of $0.26. Additionally, the company saw FY16 EPS of $0.70-$0.76 vs. estimates of $0.72 and revenues between $780-$790 million vs. $781.8 million estimates.

The company also reported a four new store opening scheduled in 2017.

"Our everyday low pricing, best-in-class customer service and our flexible store layout give us the ability to profitably operate in both smaller and larger markets and continue to grow market share. These characteristics coupled with the disciplined execution of our growth strategies continue to drive our operational and financial performance," stated Schaefer.

At time of writing, Sportsman's Warehouse traded at $10.82 in Thursday's after-hours session.