<p>Sportsman’s Warehouse (NASDAQ: SPWH) results for the fiscal fourth quarter of 2019 had the SPWH share rising on Friday. This follows the retail company’s adjusted earnings per share of 21 cents, which is better than Wall Street‘s estimates of 19 cents. The company’s revenue of $ 258.15 million is also higher than analysts’ estimates of $ 251.78 million.
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Let’s take a closer look at the latest Sportsman’s Warehouse results report.
Adjusted earnings per share for the quarter will be 16% lower compared to 25 cents during the same period last year. Revenue is 6.38% higher than the $ 242.68 million reported during the fourth quarter of fiscal policy 2018. The operating profit of $ 13.19 million is a decrease of 22.28% compared to the previous year from $ 16.97 million. Sportsman’s Warehouse earnings report also includes net income of $ 9.68 million. That is a decrease of 8.94% compared to its net profit of $ 10.63 million from the same period the year before.
Jon Barker, CEO of Sportsman’s Warehouse, said this about the SPWH stock performance report.
“We are pleased with the result for the fourth quarter and the financial year 2019. Despite some competitive challenges in December, we exceeded the high part of our updated future prospects for net sales and met the high part of our updated outlook for earnings per share. ”
There is no guidance for the 2020 financial year in the current Sportsman’s Warehouse performance report. This makes sense, as many companies are holding back the prospect of coronavirus from China.
The SPWH share rose 6.24% when the markets closed on Friday.
At the time of writing, William White had no position in any of the above securities.
Article printed from InvestorPlace Media, https://investorplace.com/2020/03/sportsmans-warehouse-earnings-send-spwh-stock-soaring/.
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