Sportsman's Warehouse Reports Q4 $334.9M Sales, $9.6M EBITDA; Plans Store Closures
Sportsman's Warehouse will close stores after preliminary Q4 net sales of $334.9 million, same-store sales of $333.6 million and adjusted EBITDA of $9.6 million. Full-year results show 1% net sales growth to $1.2092 billion, $27.5 million EBITDA and 6.1% debt reduction, easing competitive pressure for Dick's Sporting Goods.
1. Store Closure Plans
Sportsman's Warehouse, operator of 146 stores across 32 U.S. states, has announced plans to close select locations as part of a strategy to streamline operations and reduce costs in response to ongoing retail challenges.
2. Financial Results
In preliminary results for the quarter ended January 31, 2026, the company reported net sales of approximately $334.9 million, same-store sales of $333.6 million, and adjusted EBITDA of $9.6 million. It expects full-year net sales of $1,209.2 million, same-store sales of $1,205.6 million and adjusted EBITDA of $27.5 million.
3. Balance Sheet Improvements
Sportsman's Warehouse reduced its net debt by 6.1% to approximately $90 million, lowered ending inventory by 8.5% to $312.9 million and maintained total liquidity of around $107.8 million, strengthening its financial position ahead of restructuring.
4. Industry Context
The sporting goods and outdoor retail sector has seen multiple store closures from competitors such as Bob's Stores and Moosejaw, alongside shifts to digital channels. Analysts compiled in TipRanks maintain a consensus strong sell rating, reflecting skepticism despite modest sales growth.