Sportsman's Warehouse Holdings, Inc. (SPWH): $SPWH I would not have expected this to...

Sportsman's Warehouse Holdings, Inc. (SPWH)

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Monday, 05/22/2017 11:35:44 PM

Monday, May 22, 2017 11:35:44 PM

$SPWH I would not have expected this to move up like it has.

...decrease in same store sales of 6.9%...
3% increase SG&A,
The increase resulted primarily from $1.7 million of professional fees incurred in connection with our bid for certain inventory and other assets of Gander Mountain Company. Gander Mountain filed for Chapter 11 bankruptcy protection and we participated in a bankruptcy auction for the assets, but we ultimately chose not to continue in the auction...

..We also expect 56 of our current stores to be impacted by minimum wage increases in fiscal year 2017 that will drive up our selling, general, and administrative costs during fiscal year 2017...

As of April 29, 2017, we had 66 stores included in our same store sales calculation.

From Item 2 MD&A
https://seekingalpha.com/filing/3559120#SPWH-20170429X10Q_HTM_ITEM2MANAGEMENTSDISCUSSION_126156

FWIW And email went out today
http://emails.trade-ideas.com/t/ViewEmail/t/3CE1BAFDD9D518C1/0FEC3C0B7EB041799E794568BD214575

Will keep an eye on it