Sportsman's Warehouse Adopts $75M Stock Buyback Program

• Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) Board of Directors authorized a share repurchase program of up to $75.0 million of common shares.
• The repurchase program will begin on March 31, 2022, and will terminate on the first anniversary of the commencement date.
• The company intends to fund repurchase using cash on hand or available borrowings under its revolving credit facility. 
• As of December 8, 2021, the company had approximately $57.5 million of cash on hand due to the $55.0 million payment received in conjunction with the termination of the merger agreement with Great Outdoors Group, Inc.
• Price Action: SPWH shares are trading higher by 3.15% at $11.62 on the last check Thursday.