SALT LAKE CITY, UTAH – Sportsman’s Warehouse Holdings, Inc. held its Q2 2024 Earnings Conference Call on September 3, 2024, with key company executives presenting financial results and strategic updates to investors.

During the call, Riley Timmer, Vice President of Investor Relations, introduced Paul Stone, the Chief Executive Officer, and Jeff White, the Chief Financial Officer. The primary focus of the company has been on revitalizing as a leading specialty retailer with a commitment to great gear and great service.

Stone highlighted the importance of service, emphasizing a shift in the store operations to provide a better customer experience. The company has rebranded its store employees as “outfitters” to enhance customer engagement and offer expert advice on outdoor products to improve sales.

Despite challenging macroeconomic conditions impacting consumer spending, the company reported a decrease in net sales for the second quarter compared to the same period last year. Various departments, except fishing, experienced a decline in sales, with a focus on inventory management and strategic pricing to address changing consumer demands.

Stone also mentioned the company’s shift in promotional efforts towards firearms and ammunition to drive sales and online traffic. The fishing department saw positive growth, showcasing the importance of merchandising and early seasonal readiness.

White discussed the company’s financial performance, highlighting a decrease in gross margin due to increased costs associated with inventory accuracy. Operating expenses were managed effectively, reflecting cost-cutting efforts from the previous year.

Looking ahead, the company plans to focus on strategic investments in inventory and core products to drive sales and profitability. Despite challenges, the management remains confident in the turnaround strategy and aims to achieve short and long-term objectives.

The call concluded with a discussion on liquidity, balance sheet, and the updated guidance for fiscal year 2024. The company plans to prioritize debt repayment and strategic investments to drive positive free cash flow. Management remains optimistic about the future outlook and the ongoing transformation of Sportsman’s Warehouse.