Sportmans Warehouse (SPWH) Tops Q3 EPS by 1c

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Go back to Sportmans Warehouse (SPWH) Tops Q3 EPS by 1c

Sportsman's Warehouse Holdings, Inc. Improves Interest Rate on Term Loan and Increases Borrowing Capacity on Revolving Credit Facility

December 4, 2014 4:02 PM EST

MIDVALE, Utah, Dec. 4, 2014 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's" or the "Company") (Nasdaq: SPWH) today announced that it has completed the refinancing of its existing $235 million senior secured term loans at a lower interest rate and has increased the borrowing capacity under the terms of its revolving credit facility. These moves reflect the Company's strong performance and favorable long-term outlook.

Sportsman's Warehouse partnered with KKR's credit business on the new senior secured term loan. The new $160 million senior term loan facility, issued at a price of 99 percent of the aggregate principal... More

Sportsman's Warehouse Holdings, Inc. Announces Third Quarter 2014 Financial Results

December 4, 2014 4:01 PM EST

MIDVALE, Utah, Dec. 4, 2014 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's" or the "Company") (Nasdaq: SPWH) today announced financial results for the thirteen weeks ended November 1, 2014.

For the thirteen weeks ended November 1, 2014:

Net sales increased by 4.3% to $182.5 million from $175.1 million in the third quarter of fiscal 2013. Same store sales decreased by 6.2%, primarily as a result of the decline in demand for firearms and ammunition. Income from operations increased to $18.6 million from $17.0 million in the third quarter of fiscal 2013. The Company opened one new... More