NYSE$BOOT
Boot Barn Holdings Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Boot Barn's first quarter performance showed a strong start to the new year, achieving double-digit same store sales growth and earnings per share that exceeded expectations.
Boot Barn Holdings, Inc. reported a net sales increase of 19.4% to $365.9 million and same store sales increase of 10.0%. Net income was $39.3 million, or $1.29 per diluted share. The company opened 11 new stores, bringing the total count to 311.
- Net sales increased by 19.4% to $365.9 million compared to the prior-year period.
- Same store sales increased by 10.0%, with retail store same store sales up 10.1% and e-commerce same store sales up 9.3%.
- Net income was $39.3 million, or $1.29 per diluted share, compared to $40.6 million, or $1.35 per diluted share in the prior-year period.
- The company opened 11 new stores, bringing the total store count to 311.
Headline financials
Revenue & EPS history
Boot Barn · Revenue · Quarterly
$366M
Forward guidance
The Company is providing updated guidance for the fiscal year ending April 1, 2023, superseding in its entirety the previous guidance issued in its fourth quarter and fiscal year 2022 earnings report on May 10, 2022.
Tailwinds
- Total sales of $339 million to $346 million for the fiscal second quarter ending September 24, 2022.
- Same store sales of approximately flat for the fiscal second quarter ending September 24, 2022.
- Net income per diluted share of $0.87 to $0.93 for the fiscal second quarter ending September 24, 2022.
- Total sales of $1.68 billion to $1.70 billion, representing growth of 12.9% to 14.2% over the prior year.
- To open 40 new stores.
Headwinds
- Recent macroeconomic uncertainty.
- Same store sales range of approximately flat to 2.0%.
- Income from operations between $247 million and $255 million.
- Effective tax rate of 25.2% for the remaining nine months of the year.
- Capital expenditures between $80 million and $87 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+2.8%
Avg return
Earnings day
+3.6%
Avg return
5 days after
+9.8%
Avg return
30 days after
62%
31 / 50 earnings
Positive
+22.1%
Q2 2018
Best reaction
-23.2%
Q4 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +0.7% | -2.8% | +16.6% | |
| Q3 2026 | +2.9% | +6.0% | -2.8% | |
| Q2 2026 | -4.9% | -4.9% | -0.2% | |
| Q4 2025 | +15.8% | +22.6% | +18.4% | |
| Q3 2025 | -7.8% | -17.5% | -29.8% | |
| Q2 2025 | -18.1% | -20.6% | -13.8% | |
| Q1 2025 | +12.0% | +16.5% | +15.3% | |
| Q4 2024 | +2.9% | +6.4% | +21.9% | |
| Q3 2024 | +7.1% | +10.3% | +24.7% | |
| Q2 2024 | +9.8% | +9.2% | +14.4% | |
| Q1 2024 | +9.9% | +6.0% | -0.0% | |
| Q4 2023 | -7.1% | -8.2% | +7.1% | |
| Q3 2023 | +19.1% | +14.7% | +2.7% | |
| Q2 2023 | -0.8% | -3.6% | +8.0% | |
| Q1 2023 | -4.7% | -7.4% | +6.8% | |
| Q4 2022 | -2.0% | +3.6% | -1.5% | |
| Q3 2022 | -10.7% | -4.9% | -10.2% | |
| Q2 2022 | +1.7% | +7.4% | +22.0% | |
| Q1 2022 | +3.0% | -0.1% | -0.8% | |
| Q4 2021 | +2.5% | +10.2% | +5.1% | |
| Q3 2021 | -1.6% | -1.9% | +12.3% | |
| Q2 2021 | +2.5% | +5.8% | +29.0% | |
| Q1 2021 | +14.2% | +20.3% | +51.1% | |
| Q4 2020 | -2.3% | -4.6% | -0.7% | |
| Q3 2020 | -9.2% | -14.9% | -35.8% | |
| Q2 2020 | -5.1% | +3.6% | +7.8% | |
| Q1 2020 | +1.6% | -5.6% | +6.2% | |
| Q4 2019 | -3.0% | +8.6% | +22.6% | |
| Q3 2019 | +9.3% | +7.4% | +18.8% | |
| Q2 2019 | -6.0% | -10.0% | -23.6% | |
| Q1 2019 | +13.1% | +12.6% | +26.1% | |
| Q4 2018 | +14.0% | +8.8% | +5.8% | |
| Q3 2018 | +9.3% | +7.7% | +5.8% | |
| Q2 2018 | +22.1% | +31.2% | +77.4% | |
| Q1 2018 | +14.2% | +15.4% | +1.1% | |
| Q4 2017 | -23.2% | -20.3% | -9.1% | |
| Q3 2017 | +3.4% | +5.7% | +1.0% | |
| Q2 2017 | +10.4% | +13.1% | +47.9% | |
| Q1 2017 | +12.6% | +15.6% | +33.0% | |
| Q4 2016 | +4.9% | — | — | |
| Q3 2016 | +17.5% | — | — | |
| Q2 2016 | -16.7% | — | — | |
| Q1 2016 | -15.9% | — | — | |
| Q4 2013 | +18.9% | — | — | |
| Q4 2015 | +6.2% | — | — | |
| Q3 2014 | +1.1% | — | — | |
| Q3 2015 | +11.6% | — | — | |
| Q2 2014 | -0.8% | — | — | |
| Q4 2014 | -0.8% | — | — | |
| Q2 2015 | +5.6% | — | — | |
| Q1 2015 | — | — | — | |
| Q1 2014 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro