Business Context and Reporting Period
Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: June 9, 2015
Event: Regulation FD Disclosure regarding an investor presentation by CEO John Schaefer at the William Blair Growth Stock Conference.
Financial Metrics
This filing serves as a disclosure of a presentation and does not contain specific financial statements, revenue figures, profit data, cash flow metrics, debt levels, or liquidity ratios for the reporting period. The filing text does not provide a clear value for any quantitative financial metric.
Material Changes
No material changes to financial performance or operations are reported in this specific document. The filing solely announces the delivery of presentation materials (Exhibit 99.1) to investors.
Guidance, Outlook, and Non-GAAP Measures
Management Commentary: The company disclosed that it uses several Non-GAAP financial measures to evaluate operating performance, including Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Adjusted Operating Income, Adjusted Net Income, and Adjusted Earnings Per Share.
- Adjusted EBITDA Definition: Net income plus interest, taxes, depreciation, amortization, stock-based compensation, pre-opening expenses, bankruptcy-related expenses, litigation accruals, acquisition expenses (FY2013), e-commerce start-up costs, and IPO-related bonus expenses.
- Free Cash Flow Definition: Adjusted EBITDA less capital expenditures.
- Adjusted EPS Definition: Reflects an adjusted weighted average share count assuming the IPO was effective as of February 3, 2013.
Disclaimer: The company explicitly states that these measures are not defined under GAAP, have limitations as analytical tools, and should not be considered in isolation or as substitutes for GAAP measures.
Key Facts for Investor Verification
- Verify the content of the attached investor presentation (Exhibit 99.1) for specific financial data and forward-looking guidance, as this 8-K only references the presentation.
- Review the company's most recent 10-Q or 10-K for actual GAAP financial results, as this filing contains no numerical financial data.
- Understand the specific adjustments made to calculate the company's Non-GAAP metrics, particularly the inclusion of IPO-related bonuses and e-commerce start-up costs.