Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Q2 2020 Earnings Conference Call - Final Transcript

Sep 02, 2020 • 04:30 pm ET


Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Q2 2020 Earnings Conference Call - Final Transcript


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Greetings and welcome to Sportsman's Warehouse Second Quarter and First Half 2020 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Caitlin Howe, Vice President, Corporate Development and Investor Relations. Thank you, Ms. Howe. You may 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 may utilize this deck 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 Barker

Thank you, Caitlin. Good afternoon, everyone, and thank you for joining us today. I hope you and your families have continued to stay safe and healthy.

I will begin my remarks by providing an update on COVID-19 as it pertains to Sportsman's Warehouse. I will also comment on industry trends and discuss high-level results from the second quarter. Following my comments, Robert will provide specifics on our Q2 and first half financial results, as well as some updated commentary on full-year 2020 expectations. Finally, we will open up the call for questions.

I'm going to start on Slide 4 of the presentation. During the second quarter, we continued to prioritize the health and safety of our associates, while remaining open in all markets. I cannot overstate how proud I am of the Sportsman's Warehouse team. They continued to safely serve customers while we navigated a sustained surge in our business. In the stores, we continue to focus on cleaning, sanitizing and utilizing face masks to ensure customers, associates and their families stayed safe. E-commerce also continued to be an increasingly crucial part of our retail strategy, allowing us to serve customers while limiting person-to-person contact.

In the second quarter,