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Correcting And Replacing — Sportsman'S Warehouse Holdings, Inc. Announces Third Quarter 2015 Financial Results EXHIBIT 99.1

The following excerpt is from the company's SEC filing.

CORRECTING and REPLACING -- Sportsman's Warehouse Holdings, Inc. Announces Third Quarter 2015 Financial Results

MIDVALE, Utah, Nov. 20, 2015 (GLOBE NEWSWIRE) -- In a release issued under the same headline yesterday by Sportsman's Warehouse Holdings, Inc., underneath the section titled "Fourth Quarter and Fiscal 2015 Outlook," the second sentence of the first paragraph should read: "Adjusted net income for the fourth quarter of fiscal 2015 is expected to be in the range of $10.3 million to $11.1 million, with adjusted diluted earnings per share of $0.24 to $0.26 on a weighted average of approximately 42.4 million estimated common shares outstanding."

Additionally, the second sentence of the second paragraph under such section should read: "Adjusted net income for fiscal 2015 is expected to be in the range of $24.7 million to $25.5 million, with adjusted diluted earnings per share of $0.58 to $0.60 on a weighted average of approximately 42.3 million estimated common shares outstanding."

The corrected release reads as follows:

Sportsman's Warehouse Holdings, Inc. ("Sportsman's" or the "Company") (Nasdaq:SPWH) today announced financial results for the thirteen weeks and thirty-nine weeks ended October 31, 2015.

For the thirteen weeks ended October 31, 2015:

Net sales increased by 9.4% to $199.7 million from $182.5 million in the third quarter of fiscal 2014. Same store sales were flat.

Income from operations increased to $19.2 million from $18.6 million in the third quarter of fiscal 2014. Adjusted income from operations, which excludes expenses related to our secondary offering in the third quarter of fiscal 2015 (see "GAAP and Non-GAAP Measures"), was $19.9 million as compared to $18.6 million in the corresponding period of fiscal 2014.

The Company opened three new stores in the third quarter of fiscal 2015 and ended the quarter with 64 stores in 19 states, a unit increase of 16.4% from the end of the third quarter of fiscal 2014.

Interest expense decreased to $3.7 million from $4.1 million in the third quarter of fiscal 2014.

Net income was $9.5 million compared to $8.9 million in the third quarter of fiscal 2014. Adjusted net income, which excludes expenses related to our secondary offering in the third quarter of fiscal 2015 (see "GAAP and Non-GAAP Measures"), was $10.0 million during the third quarter of fiscal 2015 compared to adjusted net income of $8.9 million in the corresponding period of fiscal 2014.

Diluted earnings per share were $0.23 compared to diluted earnings per share of $0.21 in the third quarter of fiscal 2014. Adjusted diluted earnings per share (see "GAAP and Non-GAAP Measures"), were $0.24 compared to adjusted diluted earnings per share of $0.21 in the third quarter of fiscal 2014.

Adjusted EBITDA was $24.1 million compared to $21.8 million in the third quarter of fiscal 2014 (see "GAAP and Non-GAAP Measures").

John Schaefer, President and Chief Executive Officer, stated: "We are pleased with our third quarter results which came in within our guidance on both the top and bottom line. Our solid results were driven by store growth and continued sequential improvement in our non-hunting and shooting product categories which were offset by the negative impact that the unseasonably warm weather had on our footwear and apparel business."

Mr. Schaefer added: "Despite the positive trends that we see in the hunting, fishing and camping categories, we are taking a more conservative view for the fourth quarter due to the weather impact on clothing and footwear. We remain focused on our strategic initiatives of store expansion, growth of our loyalty program, enhancement of operating margins and maintaining best in class customer service. We believe our everyday value, high service levels and local shopping convenience continue to be important differentiating attributes that are resonating with our customer and driving our value proposition."

For the thirty-nine weeks ended October 31, 2015:

Net sales increased by 9.0% to $517.2 million from $474.4 million in the first three quarters of fiscal 2014. Same store sales were flat.

Income from operations increased to $37.2 million from $30.7 million in the first three quarters of fiscal 2014. Adjusted income from operations, which excludes expenses related to our secondary offering in the third quarter of fiscal 2015, the reversal of an accrual related to a litigation in the second quarter of 2015, and expenses related to bonuses paid as a result of the successful completion of our initial public offering ("IPO") in the first quarter of fiscal 2014 (see "GAAP and Non-GAAP Measures"), was $33.9 million as compared to $32.9 million in the first three quarters of fiscal 2014.

The Company opened nine new stores in the first three quarters of fiscal 2015.

Interest expense decreased to $10.6 million from $13.5 million in the three quarters of fiscal 2014.

Net income was $16.4 million compared to $10.6 million in the first three quarters of fiscal 2014. Adjusted net income, which excludes expenses related to our secondary offering in the third quarter of fiscal 2015, the reversal of an accrual related to a litigation matter in the second quarter of 2015, and expenses related to the IPO bonuses in the first quarter of 2014, net of taxes (see "GAAP and Non-GAAP Measures"), was $14.4 million during the first three quarters of fiscal 2015 compared to adjusted net income of $12.0 million in the corresponding period of fiscal 2014.

Diluted earnings per share were $0.39 compared to diluted earnings per share of $0.27 in the first three quarters of fiscal 2014. Adjusted diluted earnings per share (see "GAAP and Non-GAAP Measures"), were $0.34 compared to adjusted diluted earnings per share of $0.28 in the first three quarters of fiscal 2014.

Adjusted EBITDA was $46.9 million compared to $44.6 million in the first three quarters of fiscal 2014 (see "GAAP and Non-GAAP Measures").

Balance sheet highlights as of October 31, 2015:

Total debt: $206.7 million, consisting of $49.7 million outstanding under the revolving credit facility and $157.0 million outstanding under the term loans, net of unamortized discount.

Total liquidity (cash plus $63.7 million of availability on a $135.0 million revolving credit facility): $65.6 million.

Fourth Quarter and Fiscal 2015 Outlook:

For the fourth quarter of fiscal 2015, net sales are expected to be in the range of $203.0 million to $208.0 million based on approximately flat same store sales. Adjusted net income for the fourth quarter of fiscal 2015 is expected to be in the range of $10.3 million to $11.1 million, with adjusted diluted earnings per share of $0.24 to $0.26 on a weighted average of approximately 42.4 million estimated common shares outstanding.

For fiscal 2015, net sales are expected to be in the range of $720.0 million to $725.0 million based on opening nine new stores...


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