SPWH - Sportsman's Warehouse Cleaned Inventories But Now Needs To Deliver On Merchandise Still A Hold
2024-05-07 02:09:46 ET
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.
Sportsman's Warehouse ( SPWH ) is a specialty retailer of outdoor gear with 146 stores in the US....
Sportsman's Warehouse Cleaned Inventories But Now Needs To Deliver On Merchandise, Still A Hold