U.S. Markets open in 7 hrs 51 mins

Sportsman's Warehouse misses Street 4Q forecasts

MIDVALE, Utah (AP) _ Sportsman's Warehouse Holdings Inc. (SPWH) on Thursday reported fiscal fourth-quarter earnings of $10.5 million.

On a per-share basis, the Midvale, Utah-based company said it had profit of 25 cents.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The outdoor sporting goods specialty retailer posted revenue of $221.4 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $228.7 million.

For the year, the company reported profit of $29.7 million, or 70 cents per share. Revenue was reported as $780 million.

For the current quarter ending in May, Sportsman's Warehouse said it expects revenue in the range of $150 million to $155 million.

The company expects full-year earnings to be 60 cents to 68 cents per share, with revenue ranging from $825 million to $845 million.

Sportsman's Warehouse shares have fallen 46 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.03, a decrease of 64 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPWH at https://www.zacks.com/ap/SPWH


Keywords: Sportsman's Warehouse, Earnings Report