NYSE$BOOT

Boot Barn Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Boot Barn reported strong Q4 2021 results driven by accelerating business pace and government stimulus.

Boot Barn Holdings, Inc. announced its financial results for the fourth fiscal quarter ended March 27, 2021, with net sales increasing by 37.2% to $258.9 million and net income reaching $24.6 million, or $0.82 per diluted share. The company's performance was boosted by government stimulus and omni-channel initiatives.

  • Net sales increased 37.2% to $258.9 million.
  • Same store sales increased 26.9%, with retail store same store sales up 28.5% and e-commerce sales up 19.5%.
  • Net income was $24.6 million, or $0.82 per diluted share.
  • The Company opened 8 new stores.

Headline financials

Total Revenue

$259M

Previous: $189M+37.2%
EPS (adj)

$0.75

Previous: $0.18+316.7%
Same Store Sales Growth

26.9%

Previous: -4.7%+672.3%
Capital Expenditures

$7.92M

Previous: $9.65M-17.9%
Free Cash Flow

-$8.6M

Previous: -$61.1M+85.9%
Net Income

$24.6M

Previous: $5.73M+329.4%
Operating Income

$32.9M

Previous: $9.7M+238.9%
Gross Profit

$92.4M

Previous: $58M+59.4%
Cash & Equivalents

$73.1M

Previous: $69.6M+5.2%
Total Assets

$934M

Previous: $925M+1.0%
Stock-Based Comp

$2.15M

Previous: $1.58M+35.7%

Revenue & EPS history

Boot Barn · Revenue · Quarterly

$259M

Q4 2021+37.2%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

The Company provided the following outlook for the full fiscal year 2022: New unit growth of 10%, Exclusive brand penetration growth of 250 basis points, Effective tax rate of 26.0%, Capital expenditures between $33.0 to $36.0 million.

Tailwinds

  • New unit growth of 10%.
  • Exclusive brand penetration growth of 250 basis points.
  • Effective tax rate of 26.0%.
  • Capital expenditures between $33.0 to $36.0 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 Q4 2021

Historical avgQ4 2021

+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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