Boot Barn Holdings Inc · Q3 2020 earnings

Briefing

Boot Barn's financial performance surged in Q3 2020, marked by robust sales growth and enhanced profitability.

Boot Barn Holdings, Inc. reported an 11.8% increase in net sales, reaching $284.0 million. Same store sales grew by 6.7%, and net income increased to $24.8 million, or $0.85 per diluted share. The company also increased its annual guidance for fiscal year 2020.

• Net sales increased by 11.8% to $284.0 million.
• Same store sales increased by 6.7%, driven by both retail and e-commerce growth.
• Net income reached $24.8 million, or $0.85 per diluted share.
• The company opened three new stores during the quarter, progressing towards its annual target of 10% unit growth.

Headline financials

Revenue & EPS history

For fiscal year 2020, Boot Barn expects to open or acquire 25 stores, achieve same store sales growth of approximately 7.0%, income from operations between $81.7 million and $82.3 million, and net income per diluted share of $1.81 to $1.83. For the fiscal fourth quarter ending March 28, 2020, the Company expects same store sales growth of approximately 5.0%, total sales of $212.0 million to $214.0 million, and net income per diluted share of $0.36 to $0.38.