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lottery machine The Latest: UnitedHealthcare shooting suspect contests his extradition back to New York

Luigi Nicholas Mangione, the suspect in the fatal shooting of a healthcare executive in New York City, apparently was living a charmed life: the grandson of a wealthy real estate developer, valedictorian of his elite Baltimore prep school and with degrees from one of the nation's top private universities. Friends at an exclusive co-living space at the edge of touristy Waikiki in Hawaii where the 26-year-old Mangione once lived widely considered him a “great guy,” and pictures on his social media accounts show a fit, smiling, handsome young man on beaches and at parties. Now, investigators in New York and Pennsylvania are working to piece together why Mangione may have diverged from this path to make the violent and radical decision to gun down UnitedHealthcare CEO Brian Thompson in a brazen attack on a Manhattan street. The killing sparked widespread discussions about corporate greed, unfairness in the medical insurance industry and even inspired folk-hero sentiment toward his killer. But Pennsylvania Gov. Josh Shapiro sharply refuted that perception after Mangione's arrest on Monday when a customer at a McDonald's restaurant in Pennsylvania spotted Mangione eating and noticed he resembled the shooting suspect in security-camera photos released by New York police. “In some dark corners, this killer is being hailed as a hero. Hear me on this, he is no hero,” Shapiro said. “The real hero in this story is the person who called 911 at McDonald’s this morning.” Mangione's family and upbringing Mangione comes from a prominent Maryland family. His grandfather, Nick Mangione, who died in 2008, was a successful real estate developer. One of his best-known projects was Turf Valley Resort, a sprawling luxury retreat and conference center outside Baltimore that he purchased in 1978. The Mangione family also purchased Hayfields Country Club north of Baltimore in 1986. On Monday, Baltimore County police officers blocked off an entrance to the property, which public records link to Luigi Mangione’s parents. Reporters and photographers gathered outside the entrance. The father of 10 children, Nick Mangione prepared his five sons — including Luigi Mangione’s father, Louis Mangione — to help manage the family business, according to a 2003 Washington Post report. Nick Mangione had 37 grandchildren, including Luigi, according to the grandfather's obituary. Luigi Mangione’s grandparents donated to charities through the Mangione Family Foundation, according to a statement from Loyola University commemorating Nick Mangione’s wife’s death in 2023. They donated to various causes, including Catholic organizations, colleges and the arts. One of Luigi Mangione’s cousins is Republican Maryland state legislator Nino Mangione, a spokesman for the lawmaker’s office confirmed. “Our family is shocked and devastated by Luigi’s arrest,” Mangione’s family said in a statement posted on social media by Nino Mangione. “We offer our prayers to the family of Brian Thompson and we ask people to pray for all involved.” Mangione's education and work history Mangione, who was valedictorian of his elite Maryland prep school, earned undergraduate and graduate degrees in computer science in 2020 from the University of Pennsylvania, a university spokesman told The Associated Press. He learned to code in high school and helped start a club at Penn for people interested in gaming and game design, according to a 2018 story in Penn Today, a campus publication. His social media posts suggest he belonged to the fraternity Phi Kappa Psi. They also show him taking part in a 2019 program at Stanford University, and in photos with family and friends at the Jersey Shore and in Hawaii, San Diego, Puerto Rico, and other destinations. The Gilman School, from which Mangione graduated in 2016, is one of Baltimore’s elite prep schools. The children of some of the city’s wealthiest and most prominent residents, including Orioles legend Cal Ripken Jr., have attended the school. Its alumni include sportswriter Frank Deford and former Arizona Gov. Fife Symington. In his valedictory speech, Luigi Mangione described his classmates’ “incredible courage to explore the unknown and try new things.” Mangione took a software programming internship after high school at Maryland-based video game studio Firaxis, where he fixed bugs on the hit strategy game Civilization 6, according to a LinkedIn profile. Firaxis' parent company, Take-Two Interactive, said it would not comment on former employees. He more recently worked at the car-buying website TrueCar, but has not worked there since 2023, the head of the Santa Monica, California-based company confirmed to the AP. Time in Hawaii and reports of back pain From January to June 2022, Mangione lived at Surfbreak, a “co-living” space at the edge of touristy Waikiki in Honolulu. Like other residents of the shared penthouse catering to remote workers, Mangione underwent a background check, said Josiah Ryan, a spokesperson for owner and founder R.J. Martin. “Luigi was just widely considered to be a great guy. There were no complaints,” Ryan said. “There was no sign that might point to these alleged crimes they’re saying he committed.” At Surfbreak, Martin learned Mangione had severe back pain from childhood that interfered with many aspects of his life, including surfing, Ryan said. “He went surfing with R.J. once but it didn’t work out because of his back,” Ryan said, but noted that Mangione and Martin often went together to a rock-climbing gym. Mangione left Surfbreak to get surgery on the mainland, Ryan said, then later returned to Honolulu and rented an apartment. An image posted to a social media account linked to Mangione showed what appeared to be an X-ray of a metal rod and multiple screws inserted into someone's lower spine. Martin stopped hearing from Mangione six months to a year ago. An X account linked to Mangione includes recent posts about the negative impact of smartphones on children; healthy eating and exercise habits; psychological theories; and a quote from Indian philosopher Jiddu Krishnamurti about the dangers of becoming “well-adjusted to a profoundly sick society.” Police report a darker turn Mangione likely was motivated by his anger at what he called “parasitic” health insurance companies and a disdain for corporate greed, according to a law enforcement bulletin obtained by AP. He wrote that the U.S. has the most expensive healthcare system in the world and that the profits of major corporations continue to rise while “our life expectancy” does not, according to the bulletin, based on a review of the suspect’s handwritten notes and social media posts. He appeared to view the targeted killing of the UnitedHealthcare CEO as a symbolic takedown, asserting in his note that he is the “first to face it with such brutal honesty,” the bulletin said. Mangione called “Unabomber” Ted Kaczynski a “political revolutionary” and may have found inspiration from the man who carried out a series of bombings while railing against modern society and technology, the document said. Associated Press reporters Lea Skene in Baltimore; Jennifer Sinco Kelleher in Honolulu; Maryclaire Dale in Philadelphia; John Seewer in Toledo, Ohio; and Michael Kunzelman in Washington, D.C., contributed to this report.

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NEW YORK , Dec. 12, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Kyverna Therapeutics, Inc. (NASDAQ: KYTX) pursuant and/or traceable to the Company's initial public offering conducted on February 8, 2024 (the "IPO"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 7, 2025 . Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

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NoneProposed merger of Kroger and Albertsons is halted by federal, state judges The proposed $24.6 billion merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges overseeing two separate cases both halted the merger. A federal judge in Oregon temporarily blocked the proposed merger until an in-house administrative judge at the Federal Trade Commission considers it. Shortly afterward, a judge in Washington state issued a permanent injunction barring the merger in that state, saying it lessens competition. Kroger and Albertsons in 2022 proposed what would be the largest grocery store merger in U.S. history. But the Federal Trade Commission and the state of Washington sued earlier this year. Biden says he was 'stupid' not to put his name on pandemic relief checks like Trump did WASHINGTON (AP) — President Joe Biden says he was “stupid” not to put his own name on pandemic relief checks in 2021, like Donald Trump had done in 2020. 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The Onion wants to turn Infowars’ website and social media accounts into parodies. Small businesses plan events, start marketing earlier to deal with shorter holiday shopping season The holiday shopping season is underway, and this year small businesses have less time to capitalize on the busy shopping period. Only 27 days separate Thanksgiving and Christmas — five fewer than last year. But there are still ways to make the most of a shorter season. One key strategy is for owners to promote deals to customers wherever they can, from social media to physical ads. The National Retail Federation predicts that retail sales will rise between 2.5% and 3.5% compared with same period a year ago. Online shopping is expected to grow too. Adobe Digital Insights predicts an 8.4% increase online for the full season. 10 notable books of 2024, from Sarah J. 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Treasury yields rose in the bond market ahead of Wednesday’s inflation report, which will be among the final big pieces of data before the Federal Reserve's meeting on interest rates next week.INDIA Bloc Challenges EVM Integrity in Supreme CourtWEST JORDAN, Utah, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's Warehouse" or the "Company") SPWH today announced third quarter financial results for the thirteen and thirty-nine weeks ended November 2, 2024. "Despite a pressured consumer and complex macroeconomic environment, we focused our efforts on driving sales and achieved growth in our fishing, camping and gift bar categories during the quarter," said Paul Stone, Sportsman's Warehouse President and Chief Executive Officer. "We continue to make progress on our business reset initiatives with a focus on improved in-stocks, in-store and online customer experience and our Great Gear | Great Service program." "To improve our holiday relevancy and drive traffic during the season, we introduced an omni-channel marketing campaign highlighting gear perfect for gifting or for treating yourself, primarily centered around value," continued Stone. "This is a new approach to engaging our customers, which we coupled with an upgraded store experience creating a fully integrated customer experience. As we move through the balance of the holiday season and navigate a pressured consumer environment, we'll continue to prioritize traffic-driving marketing and product pricing initiatives, exceptional customer service and prudent inventory management. Emphasizing the balance sheet and ending the year with positive free cash flow remain our primary objectives." For the thirteen weeks ended November 2, 2024: Net sales were $324.3 million, a decrease of 4.8%, compared to $340.6 million in the third quarter of fiscal year 2023. The net sales decrease was primarily due to the continued impact of consumer inflationary pressures on discretionary spending, resulting in a decline in store traffic and lower demand across most product categories, particularly in ammunition, apparel and footwear. This decrease, however, was partially offset by year-over-year sales growth in our fishing, camping and optics and accessories departments. Same store sales decreased 5.7% during the third quarter of fiscal year 2024, compared to the third quarter of fiscal year 2023, primarily as a result of the impact of consumer inflationary pressures and recessionary concerns on discretionary spending. Gross profit was $103.1 million, or 31.8% of net sales, compared to $103.2 million or 30.3% of net sales in the third quarter of fiscal year 2023. This 150 basis-point increase, as a percentage of net sales, was primarily driven by improved product margins in our apparel and footwear departments, partially offset by increased freight and shrink. Selling, general, and administrative (SG&A) expenses were $100.0 million, or 30.8% of net sales, compared to $100.1 million, or 29.4% of net sales in the third quarter of fiscal year 2023. Net loss was $(0.4) million, compared to a net loss of $(1.3) million in the third quarter of fiscal year 2023. Adjusted net income was $1.4 million, compared to adjusted net loss of $(0.2) million in the third quarter of fiscal year 2023 (see "GAAP and Non-GAAP Financial Measures"). Adjusted EBITDA was $16.4 million, compared to $16.2 million in the third quarter of fiscal year 2023 (see "GAAP and Non-GAAP Financial Measures"). Diluted loss per share was $(0.01), compared to diluted loss per share of $(0.04) in the third quarter of fiscal year 2023. Adjusted diluted earnings per share were $0.04, compared to adjusted diluted loss per share of $(0.01) for the third quarter of fiscal year 2023 (see "GAAP and Non-GAAP Financial Measures"). For the thirty-nine weeks ended November 2, 2024: Net sales were $857.2 million, a decrease of 6.6%, compared to $917.6 million in the first nine months of fiscal year 2023. This net sales decrease was primarily driven by lower demand across most product categories due to current consumer inflationary pressures on discretionary spending. This decrease was partially offset by same store sales growth in our fishing department and the opening of 1 new store since October 28, 2023. Stores that have been open for less than 12 months and were not included in our same store sales, contributed $30.8 million to net sales. Same store sales decreased 9.4% compared to the first nine months of fiscal year 2023, primarily as a result of the same factors noted above that impacted net sales. Gross profit was $266.9 million or 31.1% of net sales, compared to $284.0 million or 31.0% of net sales for the first nine months of fiscal year 2023. This increase, as a percentage of net sales, was primarily due to higher overall product margins, versus last years apparel and footwear clearance events which put pressure on our gross margin, partially offset by increased shrink. SG&A expenses decreased to $288.7 million or 33.6% of net sales, compared with $301.5 million or 32.9% of net sales for the first nine months of fiscal year 2023. This absolute dollar decrease primarily related to our ongoing cost reduction efforts and decision to not open new stores during fiscal year 2024, partially offset by increases in rent and depreciation expenses. The increase as a percentage of net sales was largely due to lower net sales. Net loss was $(24.3) million, compared to net loss of $(20.3) million in the first nine months of fiscal year 2023. Adjusted net loss was $(21.7) million, compared to adjusted net loss of $(16.6) million in the first nine months of fiscal year 2023 (see "GAAP and Non-GAAP Financial Measures"). Adjusted EBITDA was $15.1 million, compared to $19.3 million in the first nine months of fiscal year 2023 (see "GAAP and Non-GAAP Financial Measures"). Diluted loss per share was $(0.65), compared to diluted loss per share of $(0.54) in the first nine months of fiscal year 2023. Adjusted diluted loss per share was $(0.58), compared to adjusted diluted loss per share of $(0.44) in the first nine months of fiscal year 2023 (see "GAAP and Non-GAAP Financial Measures"). Balance sheet and capital allocation highlights as of November 2, 2024: The Company ended the third quarter with net debt of $151.3 million, comprised of $130.0 million of borrowings outstanding under the Company's revolving credit facility, $24.0 million of net borrowings outstanding under the Company's term loan facility, and $2.7 million of cash and cash equivalents. Inventory at the end of the third quarter was $438.1 million. Total liquidity was $150.8 million as of the end of the third quarter of fiscal year 2024, comprised of $148.1 million of availability under the Company's revolving credit facility and term loan facility and $2.7 million of cash and cash equivalents. Company Outlook: "Given the current consumer environment and the shift towards value and promotion-driven shopping, we intensified our marketing and advertising campaigns to drive sales, which placed additional pressure on our margins this quarter," said Jeff White, Chief Financial Officer of Sportsman's Warehouse "To ensure strong core product in-stocks and to bring fresh offerings to our stores, we made strategic inventory investments aimed at improving sales during the hunting and holiday seasons. As we progress through the remainder of the year, we will remain disciplined in managing our expenses, and will reduce total inventory levels to generate positive free cash flow. Our mid and long-term objectives will be centered on improving our topline with a focus on margins and profitability." The Company is adjusting its guidance for fiscal year 2024 and expects net sales to be in the range of $1.18 billion to $1.20 billion, adjusted EBITDA to be in the range of $23 million to $29 million and total inventory to be below $350 million. The low end of the adjusted EBITDA range still assumes positive free cash flow for the full year. The Company now expects capital expenditures for 2024 to be in the range of $17 million to $20 million, primarily consisting of technology investments relating to merchandising and store productivity. No new store openings for the remainder of fiscal year 2024 are currently anticipated and we plan to open one new store in fiscal year 2025. The Company has not reconciled expected adjusted EBITDA for fiscal year 2024 to GAAP net income because the Company does not provide guidance for net (loss) income and is not able to provide a reconciliation to net (loss) income without unreasonable effort. The Company is not able to estimate net (loss) income on a forward-looking basis without unreasonable efforts due to the variability and complexity with respect to the charges excluded from Adjusted EBITDA, including stock-based compensation expense. Conference Call Information A conference call to discuss third quarter 2024 financial results is scheduled for December 10, 2024, at 5:00 PM Eastern Time. The conference call will be held via webcast and may be accessed via the Investor Relations section of the Company's website at www.sportsmans.com . Non-GAAP Financial Measures This press release includes the following financial measures defined as non-GAAP financial measures by the Securities and Exchange Commission (the "SEC") and that are not calculated in accordance with U.S. generally accepted accounting principles ("GAAP"): adjusted net (loss) income, adjusted diluted (loss) earnings per share and adjusted EBITDA. The Company defines adjusted net (loss) income as net (loss) income plus expenses incurred relating to director and officer transition costs, costs related to the implementation of our cost reduction plan, costs related to legal settlements and related fees and expenses, and fees and expenses related to a settlement in the cancellation of a contract related to our information technology systems. Net (loss) income is the most comparable GAAP financial measure to adjusted net (loss) income. The Company defines adjusted diluted (loss) earnings per share as adjusted net (loss) income divided by diluted weighted average shares outstanding. Diluted (loss) earnings per share is the most comparable GAAP financial measure to adjusted diluted (loss) earnings per share. The Company defines Adjusted EBITDA as net (loss) income plus interest expense, income tax (benefit) expense, depreciation and amortization, stock-based compensation expense, director and officer transition costs, costs related to the implementation of our cost reduction plan, a legal settlement and related fees and expenses, and fees and expenses related to a settlement in the cancellation of a contract related to our information technology systems. Net (loss) income is the most comparable GAAP financial measure to adjusted EBITDA. The Company has reconciled these non-GAAP financial measures to the most directly comparable GAAP financial measures under "GAAP and Non-GAAP Financial Measures" in this release. As noted above, the Company has not provided a reconciliation of fiscal year 2024 guidance for Adjusted EBITDA, in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. The Company believes that these non-GAAP financial measures not only provide its management with comparable financial data for internal financial analysis but also provide meaningful supplemental information to investors and are frequently used by analysts, investors and other interested parties in the evaluation of companies in the Company's industry. Specifically, these non-GAAP financial measures allow investors to better understand the performance of the Company's business and facilitate a more meaningful comparison of its diluted (loss) earnings per share and actual results on a period-over-period basis. The Company has provided this information as a means to evaluate the results of its ongoing operations. Management uses this information as additional measurement tools for purposes of business decision-making, including evaluating store performance, developing budgets and managing expenditures. Other companies in the Company's industry may calculate these items differently than the Company does. Each of these measures is not a measure of performance under GAAP and should not be considered as a substitute for the most directly comparable financial measures prepared in accordance with GAAP. Non-GAAP financial measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company's results as reported under GAAP. The Company's management believes that these non-GAAP financial measures allow investors to evaluate the Company's operating performance and compare its results of operations from period to period on a consistent basis by excluding items that management does not believe are indicative of the Company's core operating performance. The presentation of such measures, which may include adjustments to exclude unusual or non-recurring items, should not be construed as an inference that the Company's future results, cash flows or leverage will be unaffected by other unusual or non-recurring items. Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this release include, but are not limited to, statements regarding our progress on our business reset initiatives; our prioritization of traffic-driving marketing and product pricing initiatives, exceptional customer service and prudent inventory management; our emphasis on the balance sheet and ending the year with positive free cash flow; our ability to manage expenses, reduce total inventory levels to generate positive free cash flow; and our guidance for net sales and Adjusted EBITDA for fiscal year 2024. Investors can identify these statements by the fact that they use words such as "aim," "anticipate," "assume," "believe," "can have," "could," "due," "estimate," "expect," "goal," "intend," "likely," "may," "objective," "plan," "positioned," "potential," "predict," "should," "target," "will," "would" and similar terms and phrases. These forward-looking statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and our management's beliefs and assumptions. We derive many of our forward-looking statements from our own operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that predicting the impact of known factors is very difficult, and we cannot anticipate all factors that could affect our actual results. The Company cannot assure investors that future developments affecting the Company will be those that it has anticipated. Actual results may differ materially from these expectations due to many factors including, but not limited to: current and future government regulations, in particular regulations relating to the sale of firearms and ammunition, which may impact the supply and demand for the Company's products and ability to conduct its business; the Company's retail-based business model which is impacted by general economic and market conditions and economic, market and financial uncertainties that may cause a decline in consumer spending; the Company's concentration of stores in the Western United States which makes the Company susceptible to adverse conditions in this region, and could affect the Company's sales and cause the Company's operating results to suffer; the highly fragmented and competitive industry in which the Company operates and the potential for increased competition; changes in consumer demands, including regional preferences, which we may not be able to identify and respond to in a timely manner; the Company's entrance into new markets or operations in existing markets, including the Company's plans to open additional stores in future periods, which may not be successful; the Company's implementation of a plan to reduce expenses in response to adverse macroeconomic conditions, including an increased focus on financial discipline and rigor throughout the Company's organization; impact of general macroeconomic conditions, such as labor shortages, inflation, elevated interest rates, economic slowdowns, and recessions or market corrections; and other factors that are set forth in the Company's filings with the SEC, including under the caption "Risk Factors" in the Company's Form 10-K for the fiscal year ended February 3, 2024, which was filed with the SEC on April 4, 2024, and the Company's other public filings made with the SEC and available at www.sec.gov . If one or more of these risks or uncertainties materialize, or if any of the Company's assumptions prove incorrect, the Company's actual results may vary in material respects from those projected in these forward-looking statements. Any forward-looking statement made by the Company in this release speaks only as of the date on which the Company makes it. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. About Sportsman's Warehouse Holdings, Inc. Sportsman's Warehouse Holdings, Inc. is an outdoor specialty retailer focused on meeting the needs of the seasoned outdoor veteran, the first-time participant, and everyone in between. We provide outstanding gear and exceptional service to inspire outdoor memories. For press releases and certain additional information about the Company, visit the Investor Relations section of the Company's website at www.sportsmans.com . Investor Contact: Riley Timmer Vice President, Investor Relations Sportsman's Warehouse (801) 304-2816 investors@sportsmans.com SPORTSMAN'S WAREHOUSE HOLDINGS, INC. Condensed Consolidated Statements of Operations (Unaudited) (amounts in thousands, except per share data) For the Thirteen Weeks Ended November 2, 2024 % of net sales October 28, 2023 % of net sales YOY Variance Net sales $ 324,261 100.0 % $ 340,569 100.0 % $ (16,308 ) Cost of goods sold 221,173 68.2 % 237,384 69.7 % (16,211 ) Gross profit 103,088 31.8 % 103,185 30.3 % (97 ) Operating expenses: Selling, general and administrative expenses 99,973 30.8 % 100,113 29.4 % (140 ) Income from operations 3,115 1.0 % 3,072 0.9 % 43 Interest expense 3,317 1.1 % 3,944 1.2 % (627 ) Other losses - 0.0 % - 0.0 % - Loss before income taxes (202 ) (0.1 %) (872 ) (0.3 %) 670 Income tax expense 162 0.0 % 459 0.1 % (297 ) Net loss $ (364 ) (0.1 %) $ (1,331 ) (0.4 %) $ 967 Loss per share Basic $ (0.01 ) $ (0.04 ) $ 0.03 Diluted $ (0.01 ) $ (0.04 ) $ 0.03 Weighted average shares outstanding Basic 37,869 37,393 476 Diluted 37,869 37,393 476 SPORTSMAN'S WAREHOUSE HOLDINGS, INC. Condensed Consolidated Statements of Operations (Unaudited) (amounts in thousands, except per share data) For the Thirty-Nine Weeks Ended November 2, 2024 % of net sales October 28, 2023 % of net sales YOY Variance Net sales $ 857,235 100.0 % $ 917,593 100.0 % $ (60,358 ) Cost of goods sold 590,343 68.9 % 633,547 69.0 % (43,204 ) Gross profit 266,892 31.1 % 284,046 31.0 % (17,154 ) Operating expenses: Selling, general and administrative expenses 288,727 33.6 % 301,450 32.9 % (12,723 ) Loss from operations (21,835 ) (2.5 %) (17,404 ) (1.9 %) (4,431 ) Interest expense 9,408 1.1 % 9,518 1.0 % (110 ) Other losses 457 0.1 % - 0.0 % 457 Loss before income taxes (31,700 ) (3.7 %) (26,922 ) (2.9 %) (4,778 ) Income tax benefit (7,364 ) (0.9 %) (6,664 ) (0.7 %) (700 ) Net loss $ (24,336 ) (2.8 %) $ (20,258 ) (2.2 %) $ (4,078 ) Loss per share Basic $ (0.65 ) $ (0.54 ) $ (0.11 ) Diluted $ (0.65 ) $ (0.54 ) $ (0.11 ) Weighted average shares outstanding Basic 37,729 37,500 229 Diluted 37,729 37,500 229 SPORTSMAN'S WAREHOUSE HOLDINGS, INC. Condensed Consolidated Balance Sheets (Unaudited) (amounts in thousands, except par value data) November 2, February 3, 2024 2024 Assets Current assets: Cash and cash equivalents $ 2,666 $ 3,141 Accounts receivable, net 1,447 2,119 Income tax receivable 523 — Merchandise inventories 438,136 354,710 Prepaid expenses and other 19,745 20,078 Total current assets 462,517 380,048 Operating lease right of use asset 320,729 309,377 Property and equipment, net 175,181 194,452 Goodwill 1,496 1,496 Deferred tax asset 7,480 505 Definite lived intangibles, net 282 327 Total assets $ 967,685 $ 886,205 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 112,690 $ 56,122 Accrued expenses 95,094 83,665 Income taxes payable — 126 Operating lease liability, current 48,866 48,693 Revolving line of credit 130,042 126,043 Total current liabilities 386,692 314,649 Long-term liabilities: Term loan, net 23,969 — Operating lease liability, noncurrent 313,454 307,000 Total long-term liabilities 337,423 307,000 Total liabilities 724,115 621,649 Commitments and contingencies Stockholders' equity: Preferred stock, $.01 par value; 20,000 shares authorized; 0 shares issued and outstanding — — Common stock, $.01 par value; 100,000 shares authorized; 37,957 and 37,529 shares issued and outstanding, respectively 379 375 Additional paid-in capital 85,144 81,798 Accumulated earnings 158,047 182,383 Total stockholders' equity 243,570 264,556 Total liabilities and stockholders' equity $ 967,685 $ 886,205 SPORTSMAN'S WAREHOUSE HOLDINGS, INC. Condensed Consolidated Statements Cash Flows (Unaudited) (amounts in thousands) Thirty-Nine Weeks Ended November 2, October 28, 2024 2023 Cash flows from operating activities: Net loss $ (24,336 ) $ (20,258 ) Adjustments to reconcile net income to net cash used in operating activities: Depreciation of property and equipment 30,491 28,367 Amortization of discount on debt and deferred financing fees 217 114 Amortization of definite lived intangible 45 45 Loss on asset dispositions 501 — Noncash lease expense 3,239 24,493 Deferred income taxes (6,975 ) (6,664 ) Stock-based compensation 3,438 3,341 Change in operating assets and liabilities, net of amounts acquired: Accounts receivable, net 673 (1,051 ) Operating lease liabilities (7,964 ) (10,539 ) Merchandise inventories (83,426 ) (47,196 ) Prepaid expenses and other 220 (7,403 ) Accounts payable 56,128 26,081 Accrued expenses 9,727 (4,413 ) Income taxes payable and receivable (649 ) (1,554 ) Net cash used in operating activities (18,671 ) (16,637 ) Cash flows from investing activities: Purchase of property and equipment, net of amounts acquired (11,305 ) (71,170 ) Proceeds from sale of property and equipment 55 — Net cash used in investing activities (11,250 ) (71,170 ) Cash flows from financing activities: Net borrowings on line of credit 3,999 97,885 Borrowings on term loan 25,000 — Increase (Decrease) in book overdraft 1,670 (5,611 ) Proceeds from issuance of common stock per employee stock purchase plan 208 456 Payments to acquire treasury stock — (2,748 ) Payment of withholdings on restricted stock units (296 ) (1,649 ) Payment of deferred financing costs and discount on term loan (1,135 ) — Net cash provided by financing activities 29,446 88,333 Net change in cash and cash equivalents (475 ) 526 Cash and cash equivalents at beginning of period 3,141 2,389 Cash and cash equivalents at end of period $ 2,666 $ 2,915 SPORTSMAN'S WAREHOUSE HOLDINGS, INC. GAAP and Non-GAAP Financial Measures (Unaudited) (amounts in thousands, except per share data) The following table presents the reconciliations of (i) GAAP net loss to adjusted net loss and (ii) GAAP diluted loss per share to adjusted diluted loss per share: For the Thirteen Weeks Ended For the Thirty-Nine Weeks Ended November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Numerator: Net loss $ (364 ) $ (1,331 ) $ (24,336 ) $ (20,258 ) Director and officer transition costs (1) 279 1,180 709 3,067 Cancelled contract (2) 205 - 911 - Cost reduction plan (3) - 351 - 1,216 Legal settlement (4) 1,750 - 1,750 687 Less tax benefit (519 ) (398 ) (783 ) (1,292 ) Adjusted net loss $ 1,351 $ (198 ) $ (21,749 ) $ (16,580 ) Denominator: Diluted weighted average shares outstanding 37,869 37,393 37,729 37,500 Reconciliation of loss per share: Diluted loss per share: $ (0.01 ) $ (0.04 ) $ (0.65 ) $ (0.54 ) Impact of adjustments to numerator and denominator 0.05 0.03 0.07 0.10 Adjusted diluted loss per share: $ 0.04 $ (0.01 ) $ (0.58 ) $ (0.44 ) (1) Expenses incurred relating to the departure of directors and officers and the recruitment of directors and key members of our senior management team. (2) Represents fees and expenses related to a settlement in the cancellation of a contract related to our information technology systems. (3) Severance expenses paid as part of our cost reduction plan implemented during the 13 weeks ended July 29, 2023. (4) Represents costs related to legal settlements and related fees and expenses. SPORTSMAN'S WAREHOUSE HOLDINGS, INC. GAAP and Non-GAAP Financial Measures (Unaudited) (amounts in thousands, except per share data) The following table presents the reconciliation of GAAP net loss to adjusted EBITDA for the periods presented: For the Thirteen Weeks Ended For the Thirty-Nine Weeks Ended November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net loss $ (364 ) $ (1,331 ) $ (24,336 ) $ (20,258 ) Interest expense 3,317 3,944 9,408 9,518 Income tax benefit 162 459 (7,364 ) (6,664 ) Depreciation and amortization 9,984 10,663 30,536 28,412 Stock-based compensation expense (1) 1,047 965 3,438 3,341 Director and officer transition costs (2) 279 1,180 709 3,067 Cancelled contract (3) 205 - 911 - Cost reduction plan (4) - 351 - 1,216 Legal settlement (5) 1,750 - 1,750 687 Adjusted EBITDA $ 16,380 $ 16,231 $ 15,052 $ 19,319 (1) Stock-based compensation expense represents non-cash expenses related to equity instruments granted to employees under our equity incentive plan and employee stock purchase plan. (2) Expenses incurred relating to the departure of directors and officers and the recruitment of directors and key members of our senior management team. (3) Represents fees and expenses related to a settlement in the cancellation of a contract related to our information technology systems. (4) Severance expenses paid as part of our cost reduction plan implemented during the 13 weeks ended July 29, 2023. (5) Represents costs related to legal settlements and related fees and expenses. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Watchdog finds FBI missteps before Jan. 6 riot, but no undercover agents were presentAs we approach the end of 2024, the full Cold Moon will shine in the middle of December, bringing a lively social energy just in time for the holiday season. Celebrity astrologer Kyle Thomas, who is known for his cosmic guidance among celebrities, businesses and online influencers, spoke to "Good Morning America" about the best ways to take advantage of this engaging full moon. But first, let's break down the meaning of the Cold Moon and what to know about this particular celestial event. When is the Cold Moon in 2024? The Cold Moon will arrive on Dec. 15, according to Thomas. Why is it called the Cold Moon? The Cold Moon gets its name because December is the month when the weather typically turns cold, according to NASA. The Old Farmer's Almanac states that some Native Americans also called the Cold Moon the Long Night Moon. The second name likely originates from the fact that the full moon in December occurs near the winter solstice, which has the longest night of the year, according to NASA. "The full moon takes a high trajectory across the sky because it is opposite to the low sun, so the moon will be above the horizon longer than at other times of the year," NASA states. What zodiac sign is the Cold Moon in December? The zodiac sign of each full moon is determined by its position in the night sky relative to the astrological signs. This year, the Cold Moon occurs as a full moon in Gemini, an air sign associated with communication, technology, and short-distance travel, according to Thomas. It encourages mental connections, particularly with those in our immediate circles -- friends, neighbors, acquaintances, and siblings. "We will be motivated to express our minds and may be in the process of launching a significant writing, speaking, advertising, digital or social media project," Thomas added. "The pace of life will also quicken rapidly." Rituals and manifestations to try during the Cold Moon Many ancient cultures, from Chinese traditions to Hebrew holidays, celebrate celestial cycles and revere the power of the moon. For instance, Thomas noted that Gemini, an air sign, makes this an ideal time to integrate communication -- whether written or spoken -- into your rituals. "This is a great moment to communicate our desires to the world -- as well as to others," he explained. "Writing down explicit statements, manifestation goals, and plans can be particularly useful. Also, as an Air sign, using smoke, sage, or incense can be excellent tools during meditation or ritual." Potential meditations, mantras or journal prompts: Astrology horoscope for the Cold Moon for your zodiac sign Aries (March 21 - April 19) Speak up and speak out, Aries! "You have an important message that you'd like to broadcast to the world. This full moon could help you to launch an important writing, speaking, advertising or social media endeavor to great success. People will be listening!" Thomas said. Taurus (April 20 - May 20) Wealth is top of mind, Taurus. "Prosperity could soon be on its way," Thomas explained. "The full moon should bring to [ a ] culmination an important financial matter for you - perhaps in the form of a raise, new job offer or large check." Gemini (May 21 - June 20) Claim your spotlight, Gemini. According to Thomas, "the most important full moon of the year has arrived for you, as you reach an important turning point. Something of vital personal significance will reach [ its ] culmination at this time, perhaps giving you closure that will improve your life going forward." Cancer (June 21 - July 22) Relax and recharge, Cancer. "This full moon will encourage you to reset your emotional, mental and physical batteries-you've earned it! Lie low and give yourself some much-needed TLC. If you are in need of finding a specialist, therapist or healer, this lunation could also aid you in doing so." Thomas added. Leo (July 23 - Aug. 22) Get out and mingle, Leo. "You're always popular, but with this full moon highlighting your friendships, you'll be on the top of everyone's holiday list!" Thomas explained. "You'll likely attend at least one dazzling event where you're the star of the show. Circulate amongst those who you love and make time to show how much you appreciate them." Virgo (Aug. 23 - Sept. 22) Embrace your success, Virgo. According to Thomas, "A major professional victory could now be within reach. A promotion, new job offer, milestone or opportunity for public praise may present itself near this time. Previous hard work will surely be celebrated." Libra (Sept. 23 - Oct. 22) Keep an open mind for a new adventure, Libra. "You could now be ready to soar in a breathtaking new direction-or make plans to do so in 2024!" Thomas said. "This full moon will energize you to slightly shift the narrative of your life and examine what else you'd like to learn. Some Libras will make a decision or hear news regarding an academic, travelling, immigration or media endeavor." Scorpio (Oct. 23 - Nov. 21) It's time to explore your intimacy department, Scorpio. "The full moon will be helping you to get in touch with your most sensitive parts-emotionally and physically," Thomas explained. "If single, you could attract someone who knows how to complete you in every way. If taken, you'll be assessing if your authentic needs are being fulfilled by your partner." Sagittarius (Nov. 22 - Dec. 21) Take a closer look at your partnership, Sagittarius. "This full moon will help you to grow closer with someone in business, collaboration or love," Thomas added. "Single Sagittarians may have luck finding a perfect match, so be sure to put yourself out there. Love won't find you if you're not making an effort! Those already committed could decide it's time to make long-term plans, move in, get engaged or even be wed." Capricorn (Dec. 22 - Jan. 19) Get ready to make progress, Capricorn. According to Thomas, "the full moon will make you busier than ever." "You may now be focused upon an important project for your employer that must have final approval," he said. "You could be putting everything you have into completing the task, but be sure to do so, as it could end up making you shine brighter than ever in your boss's eyes." Aquarius (Jan. 20 - Feb. 18) Open your heart to love, Aquarius. "Get excited for a vibrant, romantic period to appear," Thomas added. "Single Aquarians must not let this energy go to waste, as you could find someone who is a soulmate or who lights your heart on fire." Pisces (Feb. 19 - March 20) Toast to the holidays and reflect on the year, Pisces. "This full moon will bring to [ a ] culmination a domestic, family or real estate matter for you," Thomas said. "Some Pisceans could be hosting a lovely gathering at their home with their kindred. Others may be contemplating a big renovation, redecoration or move now or in the coming year."