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Stock impact report

Sportsman’s Warehouse to Acquire 8 Field & Stream Stores

Sportsman's Warehouse Holdings, Inc. (SPWH) 
Last sportsman's warehouse holdings, inc. earnings: 3/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.sportsmanswarehouse.com/node/5806
Company Research Source: GlobeNewswire
MIDVALE, Utah, Sept. 30, 2019 (GLOBE NEWSWIRE) -- Sportsman’s Warehouse Holdings, Inc. (Nasdaq: SPWH) announced today that it has entered into agreements with DICK’S Sporting Goods, Inc. (NYSE: DKS) to acquire 8 Field & Stream locations. The acquired stores will be operated as Sportsman’s Warehouse stores and are located in Pennsylvania (3), New York (2), North Carolina (2) and Michigan (1). The total purchase price of $28 million for inventory and assets will be funded through borrowings under Sportsman’s revolving credit facility. Sportsman’s will sublease the eight locations from DICK’S.  The transaction is expected to close on October 11, 2019 subject to customary closing conditions. This acquisition is consistent with Sportsman’s strategy to return to a more typical store growth pattern, following a period of investment in omni-channel capabilities, technology, and debt reduction over the last two years. “We are very pleased to announce this opportunistic expansion of our cur Show less Read more
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