NYSE$BOOT
Boot Barn Holdings Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Boot Barn's Q4 2022 performance was marked by a significant increase in net sales and same-store sales, driven by strong retail and e-commerce growth, leading to a substantial rise in net income and earnings per share.
Boot Barn Holdings, Inc. reported strong financial results for the fourth quarter and fiscal year 2022. Net sales increased by 48.1% to $383.3 million, and same store sales increased by 33.3%. Net income was $44.7 million, or $1.47 per diluted share, compared to $24.6 million, or $0.82 per diluted share in the prior-year period.
- Net sales increased by 48.1% to $383.3 million compared to the prior-year period.
- Same store sales increased by 33.3%, with retail store same store sales up 30.7% and e-commerce same store sales up 49.5%.
- Net income was $44.7 million, or $1.47 per diluted share, compared to $24.6 million, or $0.82 per diluted share in the prior-year period.
- The company opened 11 new stores, bringing the total store count to 300.
Headline financials
Revenue & EPS history
Boot Barn · Revenue · Quarterly
$383M
Forward guidance
The Company is providing guidance for the fiscal year ending April 1, 2023, including opening 40 new stores, same store sales growth of 4.8%, and total sales of $1.740 billion. For the fiscal first quarter ending June 25, 2022, the Company expects same store sales growth of 10% and total sales of $367 million.
Tailwinds
- To open 40 new stores.
- Same store sales growth of 4.8%.
- Total sales of $1.740 billion.
- Gross profit of $652 million or 37.5% of sales.
- Net income per diluted share of $6.41 based on 30.7 million weighted average diluted shares outstanding.
Headwinds
- Selling, general and administrative expenses of $386 million or 22.2% of sales.
- Capital expenditures of $87 million.
- Income from operations of $266 million or 15.3% of sales.
- Interest expense of $3 million.
- Effective tax rate of 25.2%.
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 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
| 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 | — | — | — |
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