Sportsman's Warehouse more than doubles after sales beat

Shares of Sportman's Warehouse SPWH.O last up 97% to $1.90 on Weds after qtrly sales top Wall Street estimates

SPWH rises as much as 125.8% on the session to $2.19, highest since Jan 30

West Jordan, Utah-based outdoor sporting goods retailer late Tues posted Q4 sales of $340.4 mln, down 8% y/y, but surpassing LSEG estimate of $329.6 mln

Same-store-sales decreased 0.5% in qtr, while analysts expected 5% drop

Adj EPS of 4 cents also surprised, as consensus called for adj loss of 6 cents/sh

Co said year-end inventory balance was better than planned as it moved through seasonal inventory in Q4

"Through our improvements in core product in-stocks, and focus on local relevance in our grass roots categories of hunting and fishing, we believe we can achieve same store sales growth in 2025, even with the tough economic environment," CFO Jeff White said in statement

It projected 2025 sales in range of down 1% to up 3.5%

3 of 5 analysts rate SPWH "buy" and 2 rate "hold" with median PT of $3 - LSEG

SPWH matched its record low of 92 cents during session on Tues. Stock ended 2024 at $2,67 and finished 2023 at $4.26