v3.26.1
Segments
 12 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Segments

(6) 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 accounting policies of the single operating segment are the same as those described in the summary of significant accounting policies.

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 consolidated statement of operations.

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

 

 

Fiscal Year Ended

 

 

January 31,

 

 

February 1,

 

 

February 3,

 

 

2026

 

 

2025

 

 

2024

 

Net sales

 

$

1,209,182

 

 

$

1,197,633

 

 

$

1,287,987

 

Cost of goods sold

 

 

835,660

 

 

 

827,167

 

 

 

904,574

 

Gross profit

 

 

373,522

 

 

 

370,466

 

 

 

383,413

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expenses

 

 

 

 

 

 

 

 

 

Payroll

 

 

167,544

 

 

 

165,262

 

 

 

179,305

 

Rent

 

 

94,165

 

 

 

93,386

 

 

 

90,039

 

Depreciation and amortization

 

 

39,100

 

 

 

40,498

 

 

 

39,009

 

Nonrecurring operating expenses (1)

 

 

4,894

 

 

 

3,361

 

 

 

6,665

 

Pre-opening (2)

 

 

686

 

 

 

24

 

 

 

5,781

 

Other operating (3)

 

 

86,652

 

 

 

86,174

 

 

 

87,951

 

Total selling, general and administrative expenses

 

 

393,041

 

 

 

388,705

 

 

 

408,750

 

Impairment (4)

 

 

17,841

 

 

 

-

 

 

 

-

 

(Loss) income from operations

 

 

(37,360

)

 

 

(18,239

)

 

 

(25,337

)

Other (income) expense:

 

 

 

 

 

 

 

 

 

Other losses

 

 

75

 

 

 

612

 

 

 

-

 

Interest expense

 

 

13,711

 

 

 

12,278

 

 

 

12,869

 

(Loss) income before income taxes

 

 

(51,146

)

 

 

(31,129

)

 

 

(38,206

)

Income tax (benefit) expense

 

 

(1,085

)

 

 

1,930

 

 

 

(9,209

)

Consolidated net (loss) income

 

$

(50,061

)

 

$

(33,059

)

 

$

(28,997

)
(1)
Represents certain expenses the Company believes fall outside of typical costs related to normal operating conditions including executive transition costs, cancelled contracts, certain one-time legal expenses and a cost reduction plan.
(2)
Represents 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.
(4)
Represents impairment costs primarily related to leasehold improvements, operating lease assets, and other fixed assets.