Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Q4 2019 Earnings Conference Call - Final Transcript

Mar 26, 2020 • 04:30 pm ET


Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Q4 2019 Earnings Conference Call - Final Transcript


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Greetings, and welcome to the Sportsman's Warehouse Fourth Quarter 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow formal presentation. [Operator Instructions] I'd like to turn the conference over to your host, Rachel Schacter of ICR. Thank you. You may begin.

Rachel Schacter

Thank you. With me on the call is Jon Barker, Chief Executive Officer; and Robert Julian, Chief Financial Officer. Before we get started, I would like to remind you of the Company's Safe Harbor language. The statements we make today will contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which includes statements regarding our expectations about our future results of operations, demand for our products and growth of our industry. Actual future results may differ materially from those suggested in such statements due to a number of risks and uncertainties, including those described under the caption Risk Factors in the Company's 10-K for the year ended February 2, 2019 and the Company's other filings made with the SEC.

We will also disclose non-GAAP financial measures during today's call. Definitions of such non-GAAP measures as well as reconciliations to the most directly comparable GAAP financial measures are provided as supplemental financial information in our press release, included as Exhibit 99.1 to the Form 8-K we furnished to the SEC today, which is also available on the Investor Relations section of our website at

I would also like to note that today's materials include an earnings conference call presentation, which is also available at in the Investor Relations section of our website. You can utilize this deck to follow along with today's prepared remarks.

Now, I'd like to turn the call over to Jon Barker, Chief Executive Officer of Sportsman's Warehouse.

Jon Barker

Thank you, Rachel. Good afternoon everyone, and thank you for joining us today. I hope you, your families, friends, colleagues are all well. Every day, it seems that COVID-19 reaches a new milestone. As such, I'll begin my remarks by addressing that COVID-19 situation as it pertains to Sportsman's Warehouse. I will then review the highlights of our fourth quarter and full-year 2019 performance and discuss key trends we are seeing in our business. I will also provide updates on our omnichannel growth strategy. Robert will then review our Q4 and fiscal year 2019 financial results in more detail and provide a framework for how we are approaching Q1 and full-year 2020. Finally, we will open up the call for questions.

I'm now on Slide 4 of the presentation and will address the COVID-19 pandemic. First, and most importantly, our efforts are focused on protecting the health and safety of our associates, customers and their families. To this end, we have instituted several changes to our store operations, including reduced store hours to allow for sufficient time to restock and perform additional cleaning, limiting the number of customers in our stores at any one time to assist in social distancing protocols