Shares of Sportsman's Warehouse (NASDAQ: SPWH) jumped more than 14% on Thursday morning after the outdoor sports equipment retailer reported solid third-quarter results and raised fourth-quarter and full-year guidance. Companies involved in firearms sales have been under pressure in recent years, but results from Sportsman's Warehouse appear to indicate the worst has passed.
After markets closed Wednesday, Sportsman's Warehouse reported third-quarter adjusted earnings of $0.25 per share on revenue of $242.5 million, matching analyst earnings expectations and beating on revenue by about $6 million. Same-store sales increased 4.8% year over year.
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