{"id":96100,"date":"2018-08-24T13:50:09","date_gmt":"2018-08-24T17:50:09","guid":{"rendered":"https:\/\/www.gunsamerica.com\/blog\/?p=96100"},"modified":"2018-08-24T13:50:09","modified_gmt":"2023-08-20T23:53:53","slug":"sportsmans-warehouse-great-quarter","status":"publish","type":"post","link":"https:\/\/gunsamerica.com\/digest\/sportsmans-warehouse-great-quarter\/","title":{"rendered":"Buoyed by Strong Gun Sales, Sportsman\u2019s Warehouse Reports Another Great Quarter"},"content":{"rendered":"<div id=\"attachment_74214\" style=\"width: 410px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.gunsamerica.com\/blog\/wp-content\/uploads\/2017\/05\/Sportsmans.jpg\" target=\"_blank\" class=\"clickTracking\" campaign=\"sportsmans-warehouse-great-quarter\" title=\"Buoyed by Strong Gun Sales, Sportsman\u2019s Warehouse Reports Another Great Quarter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-74214\" title=\"Buoyed by Strong Gun Sales, Sportsman\u2019s Warehouse Reports Another Great Quarter\" class=\"size-medium wp-image-74214\" src=\"https:\/\/www.gunsamerica.com\/blog\/wp-content\/uploads\/2017\/05\/Sportsmans-400x267.jpg\" alt=\"Buoyed by Strong Gun Sales, Sportsman\u2019s Warehouse Reports Another Great Quarter\" width=\"400\" height=\"267\" srcset=\"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2017\/05\/Sportsmans-400x267.jpg 400w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2017\/05\/Sportsmans-150x100.jpg 150w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2017\/05\/Sportsmans.jpg 600w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-74214\" class=\"wp-caption-text\">Sportsman&#8217;s Warehouse is posting strong firearms sales in the wake of anti-gun policies from Dick&#8217;s Sporting Goods. (<em>Photo: Vintagerealestate.com<\/em>)<\/p><\/div>\n<p>The firearms community appreciates loyalty, and they\u2019ve shown that appreciation at Sportsman\u2019s Warehouse stores across the country.<\/p>\n<p>Chief Executive Officer John Barker <a href=\"https:\/\/seekingalpha.com\/article\/4201668-sportsmans-warehouse-holdings-inc-spwh-ceo-jon-barker-q2-2018-results-earnings-call\" target=\"_blank\" class=\"clickTracking\" campaign=\"sportsmans-warehouse-great-quarter\" title=\"Buoyed by Strong Gun Sales, Sportsman\u2019s Warehouse Reports Another Great Quarter\" target=\"_blank\" rel=\"noopener\">told investors<\/a> Thursday that gun sales jumped 8.3 percent in the second quarter, helping boost overall semiannual sales to $383.3 million, a double-digit increase over 2017.<\/p>\n<p>\u201cOur continued outperformance of the industry and market share gains are attributed to our continued investments in assortment expansion, online capabilities and expertise for varying subcategories and all user types as we continue to capitalize on market share opportunities,\u201d Barker said Thursday.<\/p>\n<p>\u201cMarket share opportunities\u201d likely alludes to the recent decision by <a href=\"https:\/\/www.gunsamerica.com\/blog\/dicks-sell-ars-high-cap-mags\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"sportsmans-warehouse-great-quarter\" title=\"Buoyed by Strong Gun Sales, Sportsman\u2019s Warehouse Reports Another Great Quarter\" target=\"_blank\" rel=\"noopener\">Dick\u2019s Sporting Goods<\/a> to halt the sale of AR-15s and 30-round magazines and to stop selling firearms to anyone under age 21. Sportsman\u2019s Warehouse has seen a marked uptick in gun sales since Dick\u2019s CEO Edward Stack made his announcement, despite a slowdown in firearms sales across the country.<\/p>\n<p>\u201cThere is clearly a combination of pull forward that happened in quarter one and market share gains,\u201d Kevan Talbot, the retailer\u2019s chief financial officer, <a href=\"https:\/\/investors.sportsmanswarehouse.com\/static-files\/555299f3-c840-4d6d-9eb0-e2629c67e8eb\" target=\"_blank\" class=\"clickTracking\" campaign=\"sportsmans-warehouse-great-quarter\" title=\"Buoyed by Strong Gun Sales, Sportsman\u2019s Warehouse Reports Another Great Quarter\" target=\"_blank\" rel=\"noopener\">told investors in May<\/a>. \u201cWe can see it in specific regions where we compete against some of the competitors who have made changes. We\u2019re hearing it from our customers on a daily basis.\u201d<\/p>\n<h2>SEE ALSO:\u00a0<a href=\"https:\/\/www.gunsamerica.com\/blog\/dicks-decline-hunting-sales\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"sportsmans-warehouse-great-quarter\" title=\"Buoyed by Strong Gun Sales, Sportsman\u2019s Warehouse Reports Another Great Quarter\" target=\"_blank\" rel=\"bookmark noopener\">Dick\u2019s Sporting Goods Reports \u2018Accelerated Decline\u2019 in Hunting Sales<\/a><\/h2>\n<p>Strong firearm sales were enough to buoy the company\u2019s overall sales this quarter. Even though non-hunting categories dropped 0.01%, net sales for the second quarter of fiscal year 2018 increased 6.2% to $203.3 million from $191.5 million in the second quarter of 2017.<\/p>\n<p>At that time, the company blamed \u201c<a href=\"https:\/\/seekingalpha.com\/pr\/16838171-sportsmans-warehouse-holdings-inc-announces-first-quarter-2017-financial-results\" target=\"_blank\" class=\"clickTracking\" campaign=\"sportsmans-warehouse-great-quarter\" title=\"Buoyed by Strong Gun Sales, Sportsman\u2019s Warehouse Reports Another Great Quarter\" target=\"_blank\" rel=\"noopener\">softness in firearm demand<\/a>\u201d for disappointing sales numbers. Yesterday, they attributed their strong second quarter to gun buyers.<\/p>\n<p>\u201cWe are picking up market share as we continue to focus on doing what we do correct,\u201d Talbot <a href=\"https:\/\/seekingalpha.com\/article\/4201668-sportsmans-warehouse-holdings-inc-spwh-ceo-jon-barker-q2-2018-results-earnings-call?page=6\" target=\"_blank\" class=\"clickTracking\" campaign=\"sportsmans-warehouse-great-quarter\" title=\"Buoyed by Strong Gun Sales, Sportsman\u2019s Warehouse Reports Another Great Quarter\" target=\"_blank\" rel=\"noopener\">noted<\/a>. \u201cAnd obviously, our competitors have made certain decisions that are impacting that. But our customers have realized that we continue to do it very well, as far as the sale of firearms, moving forward. And I think that\u2019s a testament to one of our strengths.\u201d<\/p>\n<h2>SEE ALSO:\u00a0<a href=\"https:\/\/www.gunsamerica.com\/blog\/springfield-armory-dicks-sporting-goods\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"sportsmans-warehouse-great-quarter\" title=\"Buoyed by Strong Gun Sales, Sportsman\u2019s Warehouse Reports Another Great Quarter\">Springfield Armory Goes Dickless\u2026 (Cuts Ties w\/ Sporting Goods Retailer)<\/a><\/h2>\n<p>Barker said in March he has no plans to change the company\u2019s pro-2A policy, and thus far he\u2019s been true to his word.<\/p>\n<p>\u201cAs far as a Sportsman\u2019s Warehouse changing their policies around regulated materials, we are continuing to monitor the situation and have ongoing conversations to make sure we understand what\u2019s happening in the political arena and regulation,\u201d Barker <a href=\"https:\/\/seekingalpha.com\/article\/4159765-sportsmans-warehouse-holdings-spwh-ceo-jon-barker-q4-2017-results-earnings-call-transcript?page=9\" target=\"_blank\" class=\"clickTracking\" campaign=\"sportsmans-warehouse-great-quarter\" title=\"Buoyed by Strong Gun Sales, Sportsman\u2019s Warehouse Reports Another Great Quarter\" target=\"_blank\" rel=\"noopener\">said<\/a>. \u201cBut we continue to support the lawful sale of firearms under the Second Amendment rights of our customer and at this point we have no intent or plan to change the way that we approach that.\u201d<\/p>\n<h2 style=\"text-align: center\">***<a href=\"https:\/\/www.gunsamerica.com\/BrowseSpecificCategory\/Parent\/Guns\/ViewAll.aspx\" campaign=\"BuyARGA\" target=\"_blank\" class=\"clickTracking\">Shop for ARs on GunsAmerica<\/a>***<\/h2>\n","protected":false},"excerpt":{"rendered":"<p>The firearms community appreciates loyalty, and they\u2019ve shown that appreciation at Sportsman\u2019s Warehouse stores across the country.<\/p>\n","protected":false},"author":54,"featured_media":74214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_specdata_upc":"","_specdata_placement":"","footnotes":""},"categories":[7,111,593,240],"tags":[132,617,607],"featured":[],"hunt365":[],"class_list":{"0":"post-96100","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gunsamerica-authors","8":"category-industry-news","9":"category-jordan-michaels","10":"category-this-week","11":"tag-buzz","12":"tag-industry-news","13":"tag-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Buoyed by Strong Gun Sales, Sportsman\u2019s Warehouse Reports Another Great Quarter<\/title>\n<meta name=\"description\" content=\"Sportsman&#039;s Warehouse has maintained its committment to the 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With family in Canada, he's seen first hand how quickly the right to self-defense can be stripped from law-abiding citizens. He escaped that statist paradise at a young age, married a sixth-generation Texan, and currently lives in Tyler. Got a hot tip? Send him an email at jordan@gunsamerica.com.","url":"https:\/\/gunsamerica.com\/digest\/author\/jordanmichaels\/"}]}},"featured_image_src":"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2017\/05\/Sportsmans-150x100.jpg","_links":{"self":[{"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/posts\/96100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/comments?post=96100"}],"version-history":[{"count":1,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/posts\/96100\/revisions"}],"predecessor-version":[{"id":182769,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/posts\/96100\/revisions\/182769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/media\/74214"}],"wp:attachment":[{"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/media?parent=96100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/categories?post=96100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/tags?post=96100"},{"taxonomy":"featured","embeddable":true,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/featured?post=96100"},{"taxonomy":"hunt365","embeddable":true,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/hunt365?post=96100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}