Sportsman's Warehouse Holdings, Inc.

NasdaqGS:SPWH Stock Report

Market Cap: US$49.2m

Sportsman's Warehouse Holdings Future Growth

Future criteria checks 0/6

Sportsman's Warehouse Holdings's revenue is forecast to decline at 0.4% per annum while its annual earnings are expected to grow at 63.4% per year. EPS is expected to grow by 67.7% per annum.

Key information

63.4%

Earnings growth rate

67.67%

EPS growth rate

Specialty Retail earnings growth9.8%
Revenue growth rate-0.4%
Future return on equityn/a
Analyst coverage

Low

Last updated03 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 19

SPWH: Store Impairments And Margin Outlook Will Support Future Stock Upside

Analysts have trimmed their price target on Sportsman's Warehouse Holdings by $1, citing updated assumptions around revenue trends, margins, and forward P/E expectations that are reflected in the latest fair value inputs. What’s in the News for Sportsman's Warehouse Holdings Sportsman's Warehouse Holdings reiterated its earnings guidance for fiscal year 2026, including expectations for same store sales in a range of down 1.0% to up 2.0% (Corporate guidance).
Narrative Update • Jun 04

SPWH: Revised Store Impairments And Margins Will Support Future Upside Potential

Analysts have trimmed their average price target on Sportsman's Warehouse Holdings by $1. This reflects updated views on weaker revenue trends, slightly softer profit margins, and a modestly higher assumed discount rate in their models.
Narrative Update • Apr 28

SPWH: Refined Earnings Outlook And P/E Reset Will Support Upside Potential

Analysts have trimmed their fair value estimate for Sportsman's Warehouse Holdings to $3.50 from $4.25, citing updated assumptions for revenue growth, profit margins, and future P/E multiples reflected in recent price target revisions. Analyst Commentary Recent research activity points to a more cautious stance on Sportsman's Warehouse Holdings, with at least one firm adjusting its price target to reflect updated views on revenue growth, margins, and the P/E multiple applied to future earnings.
Narrative Update • Apr 14

SPWH: Revised Margins And P/E Assumptions Will Support Future Upside Potential

Analysts have trimmed their price target on Sportsman's Warehouse Holdings by $1, citing updated assumptions around fair value, revenue trends, profit margins, and future price-to-earnings (P/E) expectations. Analyst Commentary Bullish Takeaways Bullish analysts see the modest US$1 cut to the price target as a refinement of fair value assumptions rather than a wholesale change in the long term outlook, suggesting expectations are being reset to better match current fundamentals.
Narrative Update • Mar 30

SPWH: Stable Outlook And Margin Discipline Will Support Future Upside Potential

Analysts now hold their price target for Sportsman's Warehouse Holdings steady at $3.19. They cite an unchanged fair value estimate supported by the same discount rate, revenue outlook, margin expectations and forward P/E assumptions as before.
Narrative Update • Mar 16

SPWH: Arizona Concept Store Focus And Capital Discipline Will Support Upside

Analysts have trimmed their price target on Sportsman's Warehouse Holdings to $3.19, reflecting updated expectations for weaker revenue growth, a slightly lower profit margin, and a modestly higher forward P/E assumption. What's in the News Sportsman's Warehouse Holdings issued preliminary earnings guidance for the fourth quarter ended January 31, 2026, calling for net sales of approximately US$334.9 million and same store sales of approximately US$333.6 million (company guidance).
Narrative Update • Mar 02

SPWH: Arizona Concept Store And Focused Capital Use Will Support Upside

Analysts have fine tuned their price target on Sportsman's Warehouse Holdings to $3.19, reflecting updated assumptions for a profit margin of about 5.02% and a future P/E of roughly 2.93x, while keeping their fair value estimate and discount rate unchanged. What's in the News Management updated earnings guidance for fiscal 2025 and now expects net sales for the year to be flat to up slightly, signaling a more measured outlook for top line performance (Key Developments).
Narrative Update • Feb 16

SPWH: Focused Arizona Concept Store And Cost Discipline Will Support Future Upside

Analysts have nudged their price target for Sportsman's Warehouse Holdings up from about $2.95 to roughly $3.19, reflecting updated assumptions on discount rates, profit margins, and future P/E, while also revising their revenue outlook. What's in the News Sportsman's Warehouse Holdings updated its earnings guidance for fiscal 2025, now expecting net sales to be flat to up slightly for the year (Corporate Guidance).
Narrative Update • Feb 02

SPWH: New Arizona Concept Store Will Support Future Upside Potential

Analysts have kept their fair value estimate for Sportsman's Warehouse Holdings steady at US$2.25 per share. They cited only minimal tweaks to revenue growth, profit margin, and future P/E assumptions that do not materially change their overall view.
Narrative Update • Jan 19

SPWH: Future Margins And New Arizona Concept Store Will Support Upside Potential

Analysts have lifted their fair value estimate for Sportsman's Warehouse Holdings from US$2.00 to US$2.25, citing updated assumptions around revenue trends, profit margins near 4.94% and a forward P/E of about 2.11x. What's in the News Updated fiscal 2025 earnings outlook, with management now expecting net sales to be flat to up slightly for the year (Corporate guidance).
Narrative Update • Jan 04

SPWH: Future Profit Margins Will Support Optimistic Long Term Outlook

Analysts have reduced their price target on Sportsman's Warehouse Holdings from 3.00 dollars to 2.00 dollars, citing a weaker revenue growth outlook that more than offsets modest improvements in profit margin and an only slightly higher discount rate. What's in the News Updated fiscal 2025 guidance, management now expects net sales for the year to be flat to up slightly, signaling tempered growth expectations (corporate guidance) Announced the opening of a new store in Surprise, Arizona in early November, the Company’s 11th location in the state and its first personal protection focused concept in a historically strong market (business expansion) Confirmed that the Surprise, Arizona store will be the only planned opening for both 2025 and 2026, underscoring a focus on disciplined, thoughtful capital management (business expansion) Valuation Changes Fair Value, reduced from 3.00 dollars to 2.00 dollars, a decrease of approximately one third Discount Rate, increased slightly from 12.32 percent to 12.50 percent, reflecting a modestly higher required return Revenue Growth, moved from a modestly positive 1.32 percent to a negative 0.32 percent, indicating a significant downgrade in growth expectations Net Profit Margin, edged up from 4.75 percent to 4.86 percent, signaling a small projected improvement in profitability Future P/E, declined from 2.79x to 1.90x, implying a materially lower earnings multiple applied to future results
Narrative Update • Dec 20

SPWH: Disciplined Store Expansion Will Support Higher Future Profitability

Analysts have lowered their price target on Sportsman's Warehouse Holdings to 2.95 dollars from 2.95 dollars, reflecting more conservative long term revenue growth expectations, even as profit margin and future earnings multiple assumptions remain broadly unchanged. What's in the News Announced the opening of a new store in Surprise, Arizona in early November, the company’s 11th location in the state and its first personal protection focused concept in a historically strong market (Key Developments) Confirmed that the Surprise, Arizona store will be the only planned opening for both 2025 and 2026, highlighting a more disciplined and selective approach to capital deployment (Key Developments) Updated fiscal 2025 earnings outlook, now expecting net sales to be flat to up slightly for the year, signaling modest growth expectations amid a cautious retail environment (Key Developments) Valuation Changes Fair Value Estimate: unchanged at 2.95 dollars per share, indicating no revision to the intrinsic value assessment.
Narrative Update • Dec 06

SPWH Will Benefit From Disciplined Expansion And Margin Improvement In Coming Years

Analysts have lowered their price target on Sportsman's Warehouse Holdings from approximately $3.85 to $2.95 per share. This reflects a more cautious outlook on revenue growth prospects, despite slightly improved profit margin assumptions and a lower expected future price-to-earnings multiple.
Analysis Article • Nov 05

Calculating The Fair Value Of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Key Insights Sportsman's Warehouse Holdings' estimated fair value is US$2.39 based on 2 Stage Free Cash Flow to Equity...
Analysis Article • Sep 06

Is Sportsman's Warehouse Holdings (NASDAQ:SPWH) Weighed On By Its Debt Load?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Narrative Update • Sep 06

Hunting And Fishing Focus And Omnichannel Retail Will Boost Efficiency

Driven by stronger-than-expected Q2 results and improved management confidence in FY25 sales stability, consensus analyst price targets for Sportsman's Warehouse Holdings have increased from $3.45 to $3.85. Analyst Commentary Q2 results exceeded expectations, indicating stronger operational performance.
Seeking Alpha • Sep 05

Sportsman's Warehouse Q2: Still A Hairy Situation, Too Risky For Me

Summary Sportsman's Warehouse Holdings, Inc. delivered mixed Q2 results, with modest sales growth on easy comps and continued margin pressure, highlighting ongoing operational challenges. The company’s inability to leverage margins has led to persistent net losses, shrinking its cash runway and raising concerns about financial sustainability. Inventory and debt levels have risen significantly, increasing risk if demand softens and forcing a focus on debt repayment rather than growth initiatives. Given limited earnings power, high risk, and only speculative upside, I maintain a Hold rating as SPWH stock is not attractively valued in its current condition. Read the full article on Seeking Alpha
Analysis Article • Jun 10

Revenues Not Telling The Story For Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) After Shares Rise 84%

Sportsman's Warehouse Holdings, Inc. ( NASDAQ:SPWH ) shares have continued their recent momentum with a 84% gain in the...
Analysis Article • May 13

Is Sportsman's Warehouse Holdings (NASDAQ:SPWH) Weighed On By Its Debt Load?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
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New Narrative • Apr 08

Hunting And Fishing Focus And Omnichannel Retail Will Boost Efficiency

Focus on core strengths in hunting and fishing, improved inventory, and local strategies are expected to drive revenue growth and enhance margins.
Analysis Article • Feb 06

Is Sportsman's Warehouse Holdings (NASDAQ:SPWH) Using Debt Sensibly?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Seeking Alpha • Jan 03

Sportsman's Warehouse: No Turnaround Strategy Yet

Summary Sportsman's Warehouse reported sequentially better 3Q24 results, but still faces significant challenges with ongoing sales losses, debt accumulation, and lack of assortment improvement. Management blames the economy for poor performance, but internal issues like poor merchandise management and assortment are evident, affecting gross margins and sales. Despite positive cash flows, the company is expected to add $25 million in debt, raising concerns about financial viability if the economy worsens. Valuation remains unattractive with a 50/50 chance of a negative/positive scenario; I maintain a Hold rating due to high financial risk and uncertain turnaround. Read the full article on Seeking Alpha
Seeking Alpha • Sep 18

Sportsman's Warehouse Is Not Improving And Is Leveraging More - Not An Opportunity

Summary Sportsman's Warehouse faces significant challenges with sales down 10% and increasing debt, despite strong cost control and SG&A management. Inventory issues and low stocks are impacting sales, especially ahead of the crucial Q3 hunting season, with management warning of a tough quarter. The company is heavily leveraged, with growing debts and operational losses, raising concerns about its ability to survive a prolonged recession. Given the lack of signs of improvement and high capital loss risk, I maintain a Hold rating on SPWH stock. Read the full article on Seeking Alpha
Analysis Article • Sep 06

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Just Reported, And Analysts Assigned A US$3.10 Price Target

Shareholders of Sportsman's Warehouse Holdings, Inc. ( NASDAQ:SPWH ) will be pleased this week, given that the stock...
Analysis Article • Aug 22

Health Check: How Prudently Does Sportsman's Warehouse Holdings (NASDAQ:SPWH) Use Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Jun 08

US$4.40: That's What Analysts Think Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Is Worth After Its Latest Results

It's been a sad week for Sportsman's Warehouse Holdings, Inc. ( NASDAQ:SPWH ), who've watched their investment drop 19...
Seeking Alpha • Jun 05

Sportsman's Warehouse Q1 2024 Was Bad, The Stock Still A Hold

Summary Sportsman's Warehouse reports bad 1Q24 results, with a 13.5% decrease in comparable sales and a negative operating margin. The company's turnaround strategy is not yet showing significant improvements, but there are some positive data points, such as reduced inventories and stable gross margins. Liquidity risks are a concern as the company operates at bad comparable levels, but it has several quarters before facing significant risks. Valuation remains unattractive. Read the full article on Seeking Alpha
Seeking Alpha • May 07

Sportsman's Warehouse Cleaned Inventories But Now Needs To Deliver On Merchandise, Still A Hold

Summary Sportsman's Warehouse changed its CEO in April 2023 after falling revenues and margins. The company has focused on reducing inventory and repaying debt, resulting in low gross margins and operational losses. Management must now deliver on improving margins and merchandise assortment to survive with current demand levels. Although the expectations behind the current stock price are not optimistic, I prefer to err on the side of conservativeness and maintain my Hold rating. Read the full article on Seeking Alpha
Analysis Article • Apr 05

Sportsman's Warehouse Holdings, Inc.'s (NASDAQ:SPWH) Business Is Trailing The Industry But Its Shares Aren't

There wouldn't be many who think Sportsman's Warehouse Holdings, Inc.'s ( NASDAQ:SPWH ) price-to-sales (or "P/S") ratio...
Seeking Alpha • Feb 07

Sportsman's Warehouse Seems Cheap But The Risk Is Too High

Summary SPWH is a leading hunting equipment retailer in the US western regions. The company has an interesting competitive position for the long-term, but has suffered from a lack of efficiencies. In this context, the company does not have a lot of cushion or protection against a potential recession, and its equity is at significant risk. On the other hand, even a moderate scenario could prove positive for the company's stock. Because I prefer to lean into risk-aversion, I do not recommend SPWH. Read the full article on Seeking Alpha
Analysis Article • Jan 26

Sportsman's Warehouse Holdings (NASDAQ:SPWH) Will Want To Turn Around Its Return Trends

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...

Earnings and Revenue Growth Forecasts

NasdaqGS:SPWH - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
1/31/20281,208-16N/A342
1/31/20271,213-22N/A333
5/2/20261,216-511336N/A
1/31/20261,209-50931N/A
11/1/20251,215-37-40-18N/A
8/2/20251,208-37-55-37N/A
5/3/20251,202-36-69N/A
2/1/20251,198-332034N/A
11/2/20241,228-333050N/A
8/3/20241,244-345994N/A
5/4/20241,265-31-655N/A
2/3/20241,288-29-2852N/A
10/28/20231,297-9-8116N/A
7/29/20231,3165-112-20N/A
4/29/20231,35823-4827N/A
1/28/20231,40041-1747N/A
10/29/20221,437881871N/A
7/30/20221,47897-454N/A
4/30/20221,489100-94-34N/A
1/29/20221,506108-75-22N/A
10/30/20211,52880-54-11N/A
7/31/20211,51388-425N/A
5/1/20211,532103183204N/A
1/30/20211,45291219239N/A
10/31/20201,27271169192N/A
8/1/20201,12852164188N/A
5/2/20209592574106N/A
2/1/202088620N/A78N/A
11/2/201987121N/A104N/A
8/3/201985223N/A79N/A
5/4/201984324N/A45N/A
2/2/201984924N/A32N/A
11/3/201885019N/A9N/A
8/4/201884516N/A38N/A
5/5/201883316N/A31N/A
2/3/201881018N/A31N/A
10/28/201778822N/A38N/A
7/29/201778723N/A-3N/A
4/29/201778525N/A22N/A
1/28/201778030N/A15N/A
10/29/201676731N/A16N/A
7/30/201674230N/A37N/A
4/30/201671929N/A23N/A
1/30/201670728N/A35N/A
10/31/201568420N/A38N/A
8/1/201567419N/A38N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPWH is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SPWH is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SPWH is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SPWH's revenue is expected to decline over the next 3 years (-0.4% per year).

High Growth Revenue: SPWH's revenue is forecast to decline over the next 3 years (-0.4% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if SPWH's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/28 09:33
End of Day Share Price 2026/06/26 00:00
Earnings2026/05/02
Annual Earnings2026/01/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sportsman's Warehouse Holdings, Inc. is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kristine KoerberBarrington Research Associates, Inc.
Anna GlaessgenB. Riley Securities, Inc.
Michael Milton KawamotoD.A. Davidson & Co.