SPWH - Sportsman's Warehouse Q1 2024 Was Bad The Stock Still A Hold
2024-06-04 23:54:41 ET
Summary
- Sportsman's Warehouse reports bad 1Q24 results, with a 13.5% decrease in comparable sales and a negative operating margin.
- The company's turnaround strategy is not yet showing significant improvements, but there are some positive data points, such as reduced inventories and stable gross margins.
- Liquidity risks are a concern as the company operates at bad comparable levels, but it has several quarters before facing significant risks. Valuation remains unattractive.
Sporstman's Warehouse ( SPWH ) is an American specialty retailer focused on camping and hunting equipment....
Sportsman's Warehouse Q1 2024 Was Bad, The Stock Still A Hold