Boot Barn shares soar 8% on Q1 earnings beat following strong same-store sales

Published 31/07/2025, 21:58
 Boot Barn shares soar 8% on Q1 earnings beat following strong same-store sales

NEW YORK - Boot Barn Holdings, Inc. (NYSE:BOOT) shares rose 8% after the western wear retailer reported first-quarter earnings that significantly exceeded analyst expectations, driven by strong same-store sales growth and improved profit margins.

The Irvine, California-based company posted earnings of $1.74 per diluted share for the quarter ended June 28, 2025, handily beating the analyst estimate of $1.53. Revenue climbed 19.1% to $504.1 million, surpassing the consensus estimate of $492.34 million and marking substantial growth from $423.4 million in the same period last year.

"We are pleased with our strong start to fiscal 2026, highlighted by high-single digit consolidated same-store sales growth and successful new store openings, which drove 19% overall revenue growth," said John Hazen, Chief Executive Officer. "Demand was broad-based, with strength across all major merchandise categories and geographies."

Boot Barn reported a 9.4% increase in consolidated same-store sales, with retail store same-store sales rising 9.5% and e-commerce same-store sales growing 9.3%. The company’s gross profit margin expanded by 210 basis points to 39.1%, primarily due to a 180 basis-point improvement in merchandise margin rate and 30 basis points of leverage in buying, occupancy, and distribution center costs.

The retailer opened 14 new stores during the quarter, bringing its total store count to 473. Based on its strong performance, Boot Barn raised its full-year outlook while maintaining previous guidance for the second half of the year. The company now expects fiscal 2026 earnings per share of $5.80 to $6.70 on revenue of $2.1 billion to $2.18 billion.

For the second quarter, Boot Barn projects earnings per share of $1.19 to $1.27 on revenue between $487 million and $495 million, representing 14% to 16% growth over the prior-year period.

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