NYSE$BOOT

Boot Barn Holdings Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Boot Barn's Q2 2022 results were announced, featuring significant growth compared to both the previous year and two years prior.

Boot Barn Holdings, Inc. reported a strong second quarter with net sales increasing by 69.5% to $312.7 million compared to the prior-year period. Consolidated same store sales increased 61.7%, driven by both retail and e-commerce growth. Net income increased to $37.9 million, or $1.25 per diluted share.

  • Net sales increased 69.5% to $312.7 million compared to the prior-year period.
  • Consolidated same store sales increased 61.7% with retail store same store sales up 66.0% and e-commerce same store sales up 41.6%.
  • Gross profit was $118.2 million, or 37.8% of net sales, compared to $55.5 million, or 30.1% of net sales, in the prior-year period.
  • Net income was $37.9 million, or $1.25 per diluted share, compared to a net income of $5.8 million, or $0.20 per diluted share in the prior-year period.

Headline financials

Total Revenue

$313M

Previous: $185M+69.5%
EPS (adj)

$1.22

Previous: $0.20+510.0%
Consolidated same-store sales

61.7%

Previous: -5.1%+1309.8%
Capital Expenditures

-$22.3M

Previous: -$14.9M-49.5%
Free Cash Flow

$15.6M

Previous: -$9.12M+271.1%
Net Income

$37.9M

Previous: $5.76M+557.5%
Operating Income

$50.1M

Previous: $10M+399.0%
Gross Profit

$118M

Previous: $55.5M+112.9%
Cash & Equivalents

$39.5M

Previous: $35.7M+10.9%
Total Assets

$1.04B

Previous: $864M+20.0%
Stock-Based Comp

$2.77M

Previous: $1.71M+62.3%

Revenue & EPS history

Boot Barn · Revenue · Quarterly

$313M

Q2 2022+69.5%vs Q2 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

The Company provides the following full-year fiscal 2022 guidance:

Tailwinds

  • New unit growth of 10%.
  • Exclusive brand penetration growth of 350 basis points compared to full-year fiscal 2021.
  • Effective tax rate of 25.4%.
  • Capital expenditures between $36.0 to $39.0 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 Q2 2022

Historical avgQ2 2022

+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

Earnings price reactions
QuarterReport dateReaction (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

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