A number of stocks fell in the pre-market session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%. Markets reacted negatively to the announcement, reflecting deep concerns among investors about the broader economic implications. The tariffs were likely seen as a significant threat to global trade flows, with the potential to slow economic growth, drive up consumer prices, and spark retaliatory measures.
Shares of outdoor specialty retailer Sportsman's Warehouse (NASDAQ:SPWH) jumped 109% in the morning session after the company reported impressive fourth quarter 2024 results, which blew past analysts' revenue, EPS, and EBITDA expectations.
Adjusted earnings came in at $0.04 per share against the expectation of a $0.06 per share loss. The company had an adjusted loss of $0.20 per share in the year-ago quarter.
Outdoor specialty retailer Sportsman's Warehouse (NASDAQ:SPWH) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 8.1% year on year to $340.4 million. Its non-GAAP profit of $0.04 per share was significantly above analysts’ consensus estimates.
Sportsman's Warehouse Holdings shares are soaring in Tuesday's after-hours session on the heels of the company's fourth-quarter results. Here's a rundown of the report.
U.S. stock futures were swinging between gains and losses on Tuesday after a mixed session on Monday. Futures of major benchmark indices were mixed in premarket trading. President Donald Trump‘s “Liberation Day”, the term he’s used for April 2nd, the day of incoming reciprocal tariffs, preceded a drop in stock prices.
Outdoor specialty retailer Sportsman's Warehouse (NASDAQ:SPWH) will be announcing earnings results tomorrow after the bell. Here’s what investors should know.
Retailers are overhauling their operations as technology redefines the shopping experience. Still, secular trends are working against their favor as e-commerce continues to take share from brick and mortars.
This puts retail stocks in a tough spot, and over the past six months, the industry has pulled back by 15.8%. This drop was seriously disappointing since the S&P 500 stood firm.
