Filing Flows › Sportsman's Warehouse Holdings (SPWH) › Q1 FY27
Sportsman's Warehouse Holdings (SPWH) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 2, 2026
Sportsman's Warehouse Holdings (SPWH) reported revenue of $256M for the first quarter fiscal 2027 (Q1 FY27), +3% from a year earlier and -24% from the quarter before. Operating margin was -7.1%, net loss $21.8M (8.5% of revenue).
Sportsman's Warehouse Holdings, Q1 FY27: revenue $256M (+3% year over year), operating margin -7.1%, net loss $21.8M, operating cash flow −$55.4M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $256M | -24% | +3% |
| Operating profit | −$18.1M | — | — |
| Net earnings | −$21.8M | — | — |
| Operating cash flow | −$55.4M | -154% | — |
What changed
Revenue was $256.1M in Q1 FY27, up 3% year over year and down 24% from the previous quarter.
Gross margin was 29.6%, down 0.8 points from Q1 FY26. Operating costs exceeded revenue by $18.1M, an operating margin of -7.1%. Operating expenses fell 1% while revenue rose 3%. The quarter ended with a net loss of $21.8M, wider than the previous quarter's $21.7M loss.
Operating cash flow was −$55.4M. Non-cash charges added back $8.6M of depreciation and amortization and $779K of share-based compensation. Working capital and other items used $42.9M. Capital expenditures of $4.2M exceeded it, leaving free cash flow of −$59.6M.
Questions
What was Sportsman's Warehouse Holdings' revenue in the first quarter fiscal 2027?
Sportsman's Warehouse Holdings (SPWH) reported revenue of $256M for the first quarter fiscal 2027 (Q1 FY27), +3% from a year earlier and -24% from the quarter before.
Was Sportsman's Warehouse Holdings profitable in the first quarter fiscal 2027?
Operating loss was $18.1M (-7.1% of revenue) and net loss $21.8M.