Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) is one of the best gun stocks to buy in 2026. On March 3, Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) released preliminary results for its Q4 and full fiscal year 2025, in which it reported $334.9 million in quarterly revenue. The company detailed that same-store sales for the quarter amounted to $333.6 million.
According to management, the quarter started softly, where November and early December underperformed. However, sales picked up sharply mid-quarter and that momentum carried into January and February 2026, management noted. It added that the primary catalyst was strong performance in hunting and shooting sports.
For the full fiscal year, net sales reached approximately $1.21 billion, up 1% from the previous year. This marked the company’s first full year of positive same-store sales growth since 2020, which CEO Paul Stone described as proof that the three-year turnaround strategy launched in 2024 is beginning to pay off. Full-year adjusted EBITDA came in at around $27.5 million, compared to $29.6 million in fiscal year 2024.
The preliminary results showed that the company’s ending inventory fell 8.5% year over year to $312.9 million. Net debt dropped 6.1% to about $90 million and total liquidity stood at $107.8 million. Also, free cash flow for the full year came in at $7.6 million. Management highlighted these as signs that the business is being run more efficiently.
On the downside, the company stated that it has identified five underperforming stores for potential closure. While closures have not been finalized, if all five were shut, they would drag adjusted EBITDA by approximately $1.5 million. The company also expects to record an impairment charge in Q4 tied to leasehold improvements and operating lease assets at these locations.
Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) is an outdoor sporting goods retailer that sells firearms, ammunition, and related accessories through its chain of retail stores and online platform. Its product offerings include handguns, rifles, shotguns, and shooting gear for hunting and personal protection.
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