$Sportsman's Warehouse (SPWH.US)$Over the past 5 years, reve...
$Sportsman's Warehouse (SPWH.US)$Over the past 5 years, revenue continued to grow until 2022, shrinking 7.1% in 2023, with an average growth rate of 11.6% in 5 years. Operating profit was affected by the continuous rapid growth of operating expenses. In the 5 years, it only increased 2.7 times to 123 million in 2021, and the remaining 4 years were shrinking. The average 5-year growth rate was only 4.5%, and net profit reached 110 million in 2022 due to 55 million yuan in restructuring, mergers and acquisitions, and then fell to 0.4 billion yuan.
Revenue continued to decline 13.6% in 2024Q1, and both operating profit and net profit entered the loss range.
Currently, the price-earnings ratio is 5.5, and the price-earnings ratio TTM has increased to 10.3. It is possible to observe a few more quarters before judging.
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