The following are recent financial reports as posted by selected Utah corporations:
Sportsman’s Warehouse
Sportsman’s Warehouse Holdings Inc., based in West Jordan, reported net income of $14.6 million, or 35 cents per share, for the second quarter ended July 30. That compares with $17.7 million, or 40 cents per share, for the same quarter a year earlier.
Sales in the most recent quarter totaled $351 million, down from $361.8 million in the year-earlier quarter.
Sportsman’s Warehouse Holdings is an outdoor specialty retailer.
“We delivered another strong quarter of operating results despite the challenging economic environment, exceeding the high end of guidance,” Jon Barker, president and CEO, said in announcing the results.
“Our core business fundamentals remain solid, with the team consistently responding with discipline and rigor, using data-driven metrics to drive decisions that best support changing consumer behaviors. We are confident in our competitive position within the outdoor sporting goods space, and believe we have the right team, strategies, and capabilities to successfully navigate through these challenging macro-economic conditions.”
HealthEquity
HealthEquity Inc., based in Draper, reported a net loss of $10.7 million, or 13 cents per share, for the second quarter ended July 31. That compares with a loss of $3.8 million, or 5 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $206.1 million, up from $189.1 million in the year-earlier quarter.
HealthEquity is a health savings account non-bank custodian.
“‘Team Purple’ opened a record 196,000 new HSAs in Q2 and grew total HSA assets 33 percent year-over-year to an industry-leading $20.5 billion,” Jon Kessler, president and CEO, said in announcing the results. “Sales momentum, macro tailwinds, and a team focused on remarkable service position us for strong results in fiscal 2023 and beyond.”