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Segments
 9 Months Ended
Nov. 01, 2025
Segment Reporting [Abstract]  
Segments

(7) 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 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 condensed consolidated statement of operations.

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

 

 

Thirteen Weeks Ended

 

 

Thirty-Nine Weeks Ended

 

 

November 1,

 

 

November 2,

 

 

November 1,

 

 

November 2,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net sales

 

$

331,323

 

 

$

324,261

 

 

$

874,325

 

 

$

857,235

 

Cost of goods sold

 

 

222,604

 

 

 

221,173

 

 

 

596,014

 

 

 

590,343

 

Gross profit

 

 

108,719

 

 

 

103,088

 

 

 

278,311

 

 

 

266,892

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

 

Payroll

 

 

43,860

 

 

 

42,347

 

 

 

127,918

 

 

 

122,197

 

Rent

 

 

23,356

 

 

 

23,244

 

 

 

70,599

 

 

 

69,994

 

Depreciation and amortization

 

 

9,619

 

 

 

9,984

 

 

 

29,401

 

 

 

30,536

 

Nonrecurring operating expenses (1)

 

 

3,955

 

 

 

2,235

 

 

 

4,738

 

 

 

2,989

 

Pre-opening (2)

 

 

389

 

 

 

18

 

 

 

615

 

 

 

26

 

Other operating (3)

 

 

23,273

 

 

 

22,145

 

 

 

63,603

 

 

 

62,985

 

Total selling, general and administrative expenses

 

 

104,452

 

 

 

99,973

 

 

 

296,874

 

 

 

288,727

 

(Loss) income from operations

 

 

4,267

 

 

 

3,115

 

 

 

(18,563

)

 

 

(21,835

)

Other (income) expense:

 

 

 

 

 

 

 

 

 

 

 

 

Other losses

 

 

—

 

 

 

—

 

 

 

75

 

 

 

457

 

Interest expense

 

 

4,053

 

 

 

3,317

 

 

 

10,718

 

 

 

9,408

 

(Loss) income before income taxes

 

 

214

 

 

 

(202

)

 

 

(29,356

)

 

 

(31,700

)

Income tax (benefit) expense

 

 

206

 

 

 

162

 

 

 

(1,027

)

 

 

(7,364

)

Consolidated net (loss) income

 

$

8

 

 

$

(364

)

 

$

(28,329

)

 

$

(24,336

)

 

(1)
Represents certain expenses the Company believes fall outside of typical costs related to normal operating conditions including executive transition costs.
(2)
Represents 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.