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Segments
 12 Months Ended
Feb. 01, 2025
Segment Reporting [Abstract]  
Segments

(6) Segments

 

The Company has one reportable segment, Sportsman's Warehouse, which operates solely as a sporting goods retailer, including both retail stores and an e-commerce platform. The single operating segment derives revenues from customers purchasing goods from both the Company’s retail stores and its e-commerce platform.

The accounting policies of the single operating segment are the same as those described in the summary of significant accounting policies.

The CODM assesses performance for the single operating segment and decides how to allocate resources based on net income (loss) that also is reported on the consolidated statement of operations.

The measure of segment assets is reported on the balance sheet as total consolidated assets. Asset information is not presented here because its presentation here would be duplicative of the consolidated balance sheets.

Net income is used in monitoring budget versus actual results. The CODM also uses net income (loss) in competitive analysis by benchmarking to the Company’s competitors. The competitive analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the segment and in establishing management’s compensation.

The Company's single reportable segment revenue, segment profit or loss, and significant segment expenses are as follows:

 

 

Fiscal Year Ended

 

 

February 1,

 

 

February 3,

 

 

January 28,

 

 

2025

 

 

2024

 

 

2023

 

Net sales

 

$

1,197,633

 

 

$

1,287,987

 

 

$

1,399,515

 

Cost of goods sold

 

 

827,167

 

 

 

904,574

 

 

 

939,275

 

Gross profit

 

 

370,466

 

 

 

383,413

 

 

 

460,240

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expenses

 

 

 

 

 

 

 

 

 

Payroll

 

 

165,262

 

 

 

179,305

 

 

 

192,099

 

Rent

 

 

93,386

 

 

 

90,039

 

 

 

78,502

 

Depreciation and amortization

 

 

40,498

 

 

 

39,009

 

 

 

31,776

 

Nonrecurring operating expenses (1)

 

 

3,361

 

 

 

6,665

 

 

 

3,417

 

Pre-opening (2)

 

 

24

 

 

 

5,781

 

 

 

3,654

 

Other operating (3)

 

 

86,174

 

 

 

87,951

 

 

 

92,729

 

Total selling, general and administrative expenses

 

 

388,705

 

 

 

408,750

 

 

 

402,177

 

(Loss) income from operations

 

 

(18,239

)

 

 

(25,337

)

 

 

58,063

 

Other (income) expense:

 

 

 

 

 

 

 

 

 

Other losses

 

 

612

 

 

 

—

 

 

 

—

 

Interest expense

 

 

12,278

 

 

 

12,869

 

 

 

4,195

 

(Loss) income before income taxes

 

 

(31,129

)

 

 

(38,206

)

 

 

53,868

 

Income tax (benefit) expense

 

 

1,930

 

 

 

(9,209

)

 

 

13,350

 

Consolidated net (loss) income

 

$

(33,059

)

 

$

(28,997

)

 

$

40,518

 

 

(1)
Represents certain expenses the Company believes fall outside of typical costs related to normal operating conditions including executive transition costs, cancelled contracts, certain one-time legal expenses and a cost reduction plan.
(2)
Expenses incurred due to the opening of new store locations.
(3)
Significant expenses in Other operating, include: marketing, credit card fees, utilities, insurance, software support, consulting and legal.