Sportsman’s Warehouse (SPWH) has reaffirmed its fiscal 2026 outlook, projecting net sales to fall within a range of down 1% to up 2% for the year.
The outdoor and sporting goods retailer is also maintaining its adjusted EBITDA guidance of between $30 million and $36 million amid ongoing economic headwinds.
Management pointed to continued consumer macroeconomic pressure and elevated fuel prices as key factors shaping the current retail environment for the company.
Despite those challenges, the company reported a measure of momentum heading into the year based on its first-quarter performance.
President, CEO and Director Paul Stone addressed the results directly, offering a positive read on same-store sales trends during the period.
Stone said, “I’m pleased that the same-store sales in the first quarter were up just over 2% compared to last year despite ongoing consumer macroeconomic pressure and higher fuel prices.”
The same-store sales gain of just over 2% represents a meaningful data point for investors watching how SPWH navigates a difficult consumer spending backdrop.
Higher fuel prices have been a consistent concern across retail sectors, and Sportsman’s Warehouse acknowledged that pressure as a real factor affecting its customer base.
The company’s ability to post positive same-store sales growth while maintaining its full-year guidance suggests management believes current trends are sustainable through the remainder of fiscal 2026.
Sportsman’s Warehouse serves a customer base focused on hunting, fishing, camping, and other outdoor activities, making fuel prices and consumer confidence particularly relevant to its sales performance.
The reaffirmed EBITDA range of $30 million to $36 million signals that leadership expects to manage costs effectively even as revenue growth remains modest and consumer conditions stay uncertain.
Investors will be watching subsequent quarters closely to determine whether the same-store sales momentum seen in Q1 continues or begins to soften as macroeconomic pressures persist.
