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0 0.00579710144927537 0.00869565217391311 0.00730434782608692 -0.010086956521739 -0.0115942028985507 -0.0434782608695652 -0.0637681159420289
Stock impact report

Why Sportsman's Warehouse (SPWH) Shares Are Trading Lower Today [Yahoo! Finance]

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: Yahoo! Finance
Shares of outdoor specialty retailer Sportsman's Warehouse (NASDAQ:SPWH) fell 30.7% in the morning session after the company warned of weakening consumer spending and significantly cut its full-year financial forecast, even though its third-quarter results met expectations. The outdoor retailer adjusted its full-year guidance for adjusted EBITDA, a measure of profit, to a range of $22 million to $26 million. This revised guidance, with a midpoint of $24 million, fell well short of analysts' estimates of around $34.61 million. The company noted it saw a softening in consumer spending that began in mid-October, pointing to a challenging fourth quarter. The bleak outlook overshadowed the in-line results for the third quarter, where revenue grew 2.2% year-over-year to $331.3 million and adjusted earnings per share came in at $0.08, both meeting Wall Street's consensus. Following the news, at least one analyst firm, Baird, lowered its price target on the stock from $3.50 to $2.00. Show less Read more
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