SPORTSMAN'S WAREHOUSE


Associated tags: Sportsman's Warehouse, Holding, Warehouse, Webcast

Locations: MASSACHUSETTS, UTAH, NORTH DAKOTA, WEST JORDAN, UT, US

Sportsman’s Warehouse Holdings, Inc. Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

Retrieved on: 
Thursday, May 2, 2024

The award was a signing bonus granted as an inducement material to Mr. Stone’s commencement of employment with Sportsman’s Warehouse in accordance with Nasdaq Listing Rule 5635(c)(4).

Key Points: 
  • The award was a signing bonus granted as an inducement material to Mr. Stone’s commencement of employment with Sportsman’s Warehouse in accordance with Nasdaq Listing Rule 5635(c)(4).
  • The award is subject to the terms and conditions of the Sportsman’s Warehouse Holdings, Inc. Inducement Plan and the terms and conditions of a restricted stock unit award agreement.
  • Each RSU represents the right to receive one share of the Company’s common stock.
  • The RSUs will vest in three equal installments, with one third of the underlying shares vesting on each of May 1, 2025, May 1, 2026 and May 1, 2027, subject to Mr. Stone’s continued service through such dates.

Sportsman’s Warehouse Holdings, Inc. Reduces Size of its Board of Directors

Retrieved on: 
Wednesday, April 17, 2024

Upon the effectiveness of these resignations, the Board will reduce its size from nine to six members.

Key Points: 
  • Upon the effectiveness of these resignations, the Board will reduce its size from nine to six members.
  • “We would like to thank Erica, Greg and Philip for their valuable service on the Board,” said Rich McBee, Chairman of the Board.
  • “Each of them brought unique skillsets and insights during their tenures, and Sportsman’s Warehouse has greatly benefited from their experience.
  • We wish them all the best in their future endeavors.”
    Mr. McBee continued, “The decision to reduce the size of the Board following these resignations is in-line with our stated focus on managing our expense structure and right-sizing all elements of the organization.

Sportsman's Warehouse Holdings, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Wednesday, April 3, 2024

Same store sales decreased 12.8% on a 13-week comparable basis, compared with the prior year fourth quarter.

Key Points: 
  • Same store sales decreased 12.8% on a 13-week comparable basis, compared with the prior year fourth quarter.
  • Net loss was $(8.7) million, compared to net income of $11.0 million in the fourth quarter of fiscal year 2022.
  • Adjusted net loss was $(7.5) million compared to adjusted net income of $12.7 million in the fourth quarter of fiscal year 2022 (see “GAAP and Non-GAAP Measures”).
  • Same store sales decreased 14.4% during fiscal year 2023 compared to fiscal year 2022, excluding the extra week of sales in fiscal 2023.

Sportsman's Warehouse Holdings, Inc. Announces Fourth Quarter and Full-Year 2023 Earnings Conference Call

Retrieved on: 
Wednesday, March 20, 2024

WEST JORDAN, Utah, March 20, 2024 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's Warehouse" or the "Company") (Nasdaq: SPWH) today announced that it will hold its quarterly conference call to discuss fourth quarter and full-year 2023 financial results on Wednesday, April 3, 2024 at 5:00 p.m. Eastern Time.

Key Points: 
  • WEST JORDAN, Utah, March 20, 2024 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's Warehouse" or the "Company") (Nasdaq: SPWH) today announced that it will hold its quarterly conference call to discuss fourth quarter and full-year 2023 financial results on Wednesday, April 3, 2024 at 5:00 p.m. Eastern Time.
  • A live audio webcast of the conference call will be available on the Company’s investor relations website at http://investors.sportsmans.com/ .
  • A replay of the webcast will be available within two hours of the conclusion of the call through April 10, 2024, and can be accessed on the Company’s investor relations website.

Sportsman’s Warehouse Announces New Executive Leadership

Retrieved on: 
Tuesday, March 19, 2024

WEST JORDAN, Utah, March 19, 2024 (GLOBE NEWSWIRE) -- Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) announced today that it has named Krischelle Tennessen as Chief Human Resources Officer and Michael Simpson as Chief Information Officer.

Key Points: 
  • “These key strategic hires are significant additions to the organization as we continue to build out the team with exceptional talent,” states Paul Stone, Sportsman’s Warehouse President and Chief Executive Officer.
  • Ms. Tennessen brings nearly 30 years of human resources experience to Sportsman’s Warehouse.
  • He brings over 20 years of leadership experience in tech and software development, including 15 years of experience in retail.
  • Prior to joining the Company, Mr. Simpson served in various technology leadership roles at Target Corporation (NYSE: TGT).

Sportsman’s Warehouse Holdings, Inc. Appoints Steven R. Becker to its Board of Directors

Retrieved on: 
Friday, January 26, 2024

WEST JORDAN, Utah, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) announced today that Steven R. Becker has been appointed as an independent member of its Board of Directors (the “Board”), effective immediately.

Key Points: 
  • WEST JORDAN, Utah, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) announced today that Steven R. Becker has been appointed as an independent member of its Board of Directors (the “Board”), effective immediately.
  • “We are pleased to welcome Steve to Sportsman’s Warehouse and believe he will bring valuable perspectives from his years of specialty retail and investment management experience,” said Rich McBee, Chairman of the Board.
  • Mr. Becker previously spent 20 years in the investment management industry with a focus on investing in middle market public companies.
  • Mr. Becker received a Bachelor of Arts degree from Middlebury College and a Juris Doctor from the University of Florida.

Sportsman’s Warehouse Announces Craig McNair as Chief Retail Officer

Retrieved on: 
Friday, January 19, 2024

WEST JORDAN, Utah, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) announced today that it has named Craig McNair as Chief Retail Officer to oversee store operations, effective January 29, 2024.

Key Points: 
  • WEST JORDAN, Utah, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) announced today that it has named Craig McNair as Chief Retail Officer to oversee store operations, effective January 29, 2024.
  • In his position, McNair will be responsible for the customer experience, in-store programs, training and talent development, and driving growth.
  • “Craig has significant experience working in retail operations to achieve organizational objectives, resulting in growth and profitability,” states Paul Stone, Sportsman’s Warehouse President and Chief Executive Officer.
  • “It’s exciting to transition my career back to specialty outdoor retail as it directly aligns with my personal love of the outdoors.

Sportsman's Warehouse Holdings, Inc. Announces Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, December 6, 2023

WEST JORDAN, Utah, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. (“Sportsman's Warehouse” or the “Company”) (Nasdaq: SPWH) today announced third quarter financial results for the thirteen and thirty-nine weeks ended October 28, 2023.

Key Points: 
  • WEST JORDAN, Utah, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. (“Sportsman's Warehouse” or the “Company”) (Nasdaq: SPWH) today announced third quarter financial results for the thirteen and thirty-nine weeks ended October 28, 2023.
  • Additionally, we realized meaningful financial benefits through the cost reduction plan that was laid out last quarter, as we reduced SG&A spend.
  • Net loss was $(1.3) million, compared to net income of $12.9 million in the third quarter of fiscal year 2022.
  • The Company has reconciled these non-GAAP financial measures to the most directly comparable GAAP financial measures under “GAAP and Non-GAAP Financial Measures” in this release.

Sportsman's Warehouse Holdings, Inc. Announces Third Quarter 2023 Earnings Conference Call

Retrieved on: 
Wednesday, November 22, 2023

WEST JORDAN, Utah, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's Warehouse" or the "Company") (Nasdaq: SPWH) today announced that it will hold its quarterly conference call to discuss third quarter 2023 financial results on Wednesday, December 6, 2023 at 5:00 p.m. Eastern Time.

Key Points: 
  • WEST JORDAN, Utah, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's Warehouse" or the "Company") (Nasdaq: SPWH) today announced that it will hold its quarterly conference call to discuss third quarter 2023 financial results on Wednesday, December 6, 2023 at 5:00 p.m. Eastern Time.
  • A live audio webcast of the conference call will be available on the Company’s investor relations website at http://investors.sportsmans.com/ .
  • A replay of the webcast will be available within two hours of the conclusion of the call through December 13, 2023, and can be accessed on the Company’s investor relations website.

Sportsman’s Warehouse Holdings, Inc. Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

Retrieved on: 
Thursday, November 2, 2023

The award was granted as an inducement material to Mr. Stone’s commencement of employment with Sportsman’s Warehouse in accordance with Nasdaq Listing Rule 5635(c)(4).

Key Points: 
  • The award was granted as an inducement material to Mr. Stone’s commencement of employment with Sportsman’s Warehouse in accordance with Nasdaq Listing Rule 5635(c)(4).
  • The award is subject to the terms and conditions of the Sportsman’s Warehouse Holdings, Inc. Inducement Plan and the terms and conditions of a restricted stock unit award agreement.
  • Each RSU represents the right to receive one share of the Company’s common stock.
  • The RSUs will vest in three equal installments, with one third of the underlying shares vesting on each of November 1, 2024, November 1, 2025 and November 1, 2026, subject to Mr. Stone’s continued service through such dates.