Why Sportsman's Warehouse Stock Was Down Today
Shares of Sportsman's Warehouse (NASDAQ: SPWH) were trading down 7.9% as of 12:19 p.m. ET on Wednesday after the company reported earnings results for the first quarter.
The company said net sales declined 5.3% year over year due to "lower demand across multiple categories." This translated to lower earnings per share, which came in at $0.05, down from $0.23 in the same quarter last year.
The lower demand was credited to the stimulus checks people received a year ago, when sales were strong across the retail industry.
Source Fool.com
