Sportsman's Warehouse closes stores, halts expansion as gross margin compresses 80bps

Filed June 2, 2026 · Period ending May 2, 2026 · Compared to 10-Q Jun 4, 2025 · ~1 min read

Key Changes

• high

  Company took $17.8M impairment on 10 underperforming stores and plans to close ~5 locations within a year while halting all new store openings in FY2026 to prioritize debt repayment and technology investments.

  MD&A: Store Operations verify on EDGAR →
• high

  Gross margin fell 80 basis points to 29.6% in Q1 on unfavorable category mix and weaker sales in higher-margin categories, reversing prior year's expansion driven by fishing business strength.

  MD&A: Gross Profit verify on EDGAR →
• high

  Oregon's restrictive firearm ballot measure legislatively delayed until January 2028, giving the company's eight Oregon stores additional runway before potential sales disruption from magazine capacity limits and permitting requirements.

  MD&A: Regulatory Environment verify on EDGAR →