** Outdoor sporting goods retailer Sportsmans Warehouse's

shares jump ~24% to $3.04

** Co now expects annual sales to be between $1.18 bln and $1.20 bln, up from earlier forecast of $1.13 bln to $1.17 bln

** SPWH reported Q3 surprise profit per share of 4 cents, compared analysts' estimates of a loss of 2 cents

** Q3 net sales fell nearly 5% to $324.3 mln but beat estimates of $300.5 mln, according to data compiled by LSEG

** Co says lower demand across most product categories due to current consumer inflationary pressures on discretionary spending impacted sales

** CEO Paul Stone says co is trying to improve holiday season relevancy and drive foot traffic with increased promotions on gifting gears and items

** "Our customers are shopping value and they're willing to wait for the right promotion to make a purchase" — Stone

** SPWH stock has fallen 29% YTD, including session's moves

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com))