Sportsman's Warehouse Reports 2.8 Percent Net Sales Rise in First Quarter 2026
Sportsman's Warehouse posted net sales of $256.1 million for the three months ended in Q1 2026. Same-store sales increased 2.1 percent while the company maintained its full-year outlook.
BenzingaSportsman's Warehouse reported net sales of $256.1 million for the first quarter of 2026, a 2.8 percent increase from the prior year. Same-store sales rose 2.1 percent. Hunting and shooting sports sales grew 6.3 percent, while fishing sales increased 6 percent. Other merchandise categories recorded declines.
Gross margin fell to 29.6 percent, reflecting a higher proportion of lower-margin firearms and ammunition sales. The company said it is reducing total inventory compared with 2025 to improve cash flow and lower debt. E-commerce sales rose more than 6 percent after website updates improved the online fishing experience and a partnership with Field and Stream expanded brand visibility.
Warehouse reiterated its fiscal 2026 guidance, projecting net sales between a 1 percent decline and a 2 percent increase and adjusted EBITDA between $30 million and $36 million. The retailer plans to refine product assortments, strengthen its omni-channel operations, and introduce a new loyalty program aimed at improving customer retention.
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