v3.25.1
Segments
 3 Months Ended
May 03, 2025
Segment Reporting [Abstract]  
Segments

(7) Segments

 

The Company has one reportable segment, Sportsman's Warehouse, which operates solely as a sporting goods retailer, including both retail stores and an e-commerce platform. The single operating segment derives revenues from customers purchasing goods from both the Company’s retail stores and its e-commerce platform.

The CODM assesses performance for the single operating segment and decides how to allocate resources based on net income (loss) that also is reported on the condensed consolidated statement of operations.

The measure of segment assets is reported on the condensed consolidated balance sheet as total consolidated assets. Asset information is not presented here because its presentation here would be duplicative of the condensed consolidated balance sheets.

Net income is used in monitoring budget versus actual results. The CODM also uses net income (loss) in competitive analysis by benchmarking to the Company’s competitors. The competitive analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the segment and in establishing management’s compensation.

 

 

 

The Company's single reportable segment revenue, segment profit or loss, and significant segment expenses are as follows:

 

 

Thirteen Weeks Ended

 

 

May 3,

 

 

May 4,

 

 

2025

 

 

2024

 

Net sales

 

$

249,103

 

 

$

244,240

 

Cost of goods sold

 

 

173,460

 

 

 

170,454

 

Gross profit

 

 

75,643

 

 

 

73,786

 

 

 

 

 

 

 

 

Selling, general and administrative expenses

 

 

 

 

 

 

Payroll

 

 

42,568

 

 

 

40,212

 

Rent

 

 

23,917

 

 

 

23,398

 

Depreciation and amortization

 

 

9,860

 

 

 

10,392

 

Nonrecurring operating expenses (1)

 

 

—

 

 

 

324

 

Pre-opening (2)

 

 

71

 

 

 

—

 

Other operating (3)

 

 

18,840

 

 

 

20,087

 

Total selling, general and administrative expenses

 

 

95,256

 

 

 

94,413

 

(Loss) income from operations

 

 

(19,613

)

 

 

(20,627

)

Other (income) expense:

 

 

 

 

 

 

Interest expense

 

 

2,971

 

 

 

2,908

 

(Loss) income before income taxes

 

 

(22,584

)

 

 

(23,535

)

Income tax (benefit) expense

 

 

(1,330

)

 

 

(5,469

)

Consolidated net (loss) income

 

$

(21,254

)

 

$

(18,066

)

 

(1)
Represents certain expenses the Company believes fall outside of typical costs related to normal operating conditions including executive transition costs.
(2)
Expenses incurred due to the opening of new store locations.
(3)
Significant expenses in Other operating, include: marketing, credit card fees, utilities, insurance, software support, consulting and legal.