10-Q · June 2, 2026
Sportsman's Warehouse reported Q1 2026 earnings with revenue of $256.1 million, slightly exceeding estimates of $253 million, while EPS came in at -$0.39, better than the expected -$0.58. The strong performance was…
Earnings analysis · 10-Q
SPWH earnings analysis
Filed September 1, 2026 · Our reading of the company's report
The latest report
The provided extract is limited to the latter sections of the 10-Q and does not include the income statement, balance sheet, cash-flow statement, segment disclosures, or MD&A; therefore, revenue, margin, EPS, liquidity,…
Read full summary
The provided extract is limited to the latter sections of the 10-Q and does not include the income statement, balance sheet, cash-flow statement, segment disclosures, or MD&A; therefore, revenue, margin, EPS, liquidity, and cash-flow trends cannot be validated from the filing text supplied. Disclosure controls were deemed effective as of August 1, 2026, with no material control changes during the 13 weeks ended that date. The principal filing-specific concern is the pending lawsuit described in Note 13, whose outcome and defense costs remain uncertain.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Disclosure Controls Effective
Management concluded that disclosure controls and procedures were effective as of August 1, 2026.
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No Material Control Changes
The company reported no changes in internal control over financial reporting during the 13 weeks ended August 1, 2026 that materially affected, or were reasonably likely to materially affect, those controls.
What to watch
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Pending Litigation Exposure
The pending lawsuit referenced in Note 13 has uncertain outcomes, and the company could incur significant defense resources, including legal fees and costs; the filing provides no dollar estimate.
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Control-System Limitations
Management states that controls provide only reasonable, not absolute, assurance and may not prevent or detect all error or fraud; the filing identifies no quantified control deficiency.
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No Risk-Factor Update
The filing states there have been 0 material changes to the risk factors presented in the Fiscal 2025 Form 10-K, so no new risk-factor update is identified.
Management's outlook
The provided 10-Q extract contains no quantitative revenue, EPS, EBITDA, same-store sales, or capital-expenditure outlook. No numeric guidance can be validated from the filing text provided.
Earlier filings 4
10-K · March 31, 2026
Sportsman’s Warehouse (fiscal year ended Jan 31, 2026) presents a store-centric omni-channel strategy with 147 stores across 32 states and a focus on consumables and firearms. Latest reported quarter revenue was…
10-K · April 2, 2025
Sportsman’s Warehouse (fiscal year ended Feb 1, 2025) positions itself as a low-cost, locally curated outdoor specialty retailer with 146 stores across 32 states and a focus on omni-channel growth, consumables and…
10-Q · June 5, 2020
Sportsman’s Warehouse reported strong top-line and cash-flow improvement in Q1: net sales rose to $246.8M from $174.0M year-over-year while net loss narrowed to $1.13M from $5.46M. Operating cash flow jumped to $31.28M…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.