Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Q1 2020 Earnings Conference Call - Final Transcript

Jun 04, 2020 • 04:30 pm ET


Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Q1 2020 Earnings Conference Call - Final Transcript


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Greetings and welcome to the Sportsman's Warehouse First Quarter 2020 Earnings Conference Call. [Operator Instructions] A question-and-answer session will follow the formal presentation. [Operator Instructions].

I would now like to turn the conference over to Caitlin Howe of Investor Relations. Thank you. Please begin.

Caitlin Howe

Thank you. With me on the call today is Jon Barker, Chief Executive Officer and Robert Julian, Chief Financial Officer of Sportsman's Warehouse.

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 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 1, 2020 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 PowerPoint presentation, which is available at in the Investor Relations section of the website. You can utilize this steps to follow along with today's prepared remarks.

I would now like to turn the call over to Jon Barker, Chief Executive Officer of Sportsman's Warehouse. Jon?

Jon Barker

Thank you, Caitlin. Good afternoon, everyone and thank you for joining us today. I hope you and your families are safe and healthy during these challenging times. I will begin my remarks by addressing the COVID-19 situation as it pertains to Sportsman's Warehouse. I will then discuss key metrics from the first quarter and will also provide updates on our omni-channel growth strategy. Robert will then provide a summary of our Q1 2020 financial results, as well as some commentary on full year 2020. Finally, we will open up the call for questions.

I'm now on slide four of the investor presentation and will address the COVID-19 situation. While the last few months have been challenging for many retailers, we have been fortunate to keep the majority of our stores open throughout the crisis. I could not be prouder of the Sportsman's Warehouse team in navigating both the global pandemic and the search in our business during this time. While remaining open, we have taken many steps to help protect the health and safety of our associates, customers and their families, including additional cleaning and sanitizing, plastic barriers at registers, and face masks for associates. We have also leveraged our e-commerce capabilities like ship-to-home