Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Q3 2022 Earnings Call Transcript

In some cases, the lease negotiations will not come to fruition. In some cases, the lease negotiations will come to fruition in 2024 opening, just depending on the timing of lease, architecture, permit and construction. So, that’s the reason you are getting a range from us at this point today. On the €“ your second part of your question €“ I am sorry, timing. This is one of the most exciting things for me. In the first time in 4 years, we are ahead of our real estate funnel plans, and we will be able to open stores in a more balanced sequence across Q1, Q2 and Q3 versus such as in 2022, where we opened most of our stores in the back half of the year. That provides us with a much better opportunity to be well prepared for those stores, balance to out the year, do our grand openings on-time and serve our customers better.

It does not mean we couldn’t have stores in late Q3 or late Q4 €“ or in early Q4 of 2023, but it will be the most balanced opening of stores at least since I have been with the company.

Eric Wold: Prefect. Very helpful. Thank you, guys.

Operator: There are no further questions at this time. And I would like to turn the floor back over to Jon for any closing comments.

Jon Barker: Thank you for joining the conversation today and thank you to all of our dedicated employees around the country for their commitment to making Sportsman’s Warehouse, the leading company in the outdoor industry. Together, we look forward to continuing to serve our customers. Thank you very much.

Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation, and have a great day.