Boot Barn Holdings falls after downbeat forecast, Q4 rev miss

Boot Barn Holdings

18/05/2023 10:39

** Shares of footwear and apparel retailer Boot Barn
Holdings Inc  BOOT.N  fall 15.8% to $63 premarket
    ** Co forecasts FY 2024 total sales between $1.69 bln-$1.72
bln and profit of $4.70-$5.00 per share, both below estimates 
    ** Sees Q1 sales in the range of $357 mln-$364 mln, a
decline of 0.5%-2.4% vs last year, and below analysts' estimates
of $378.14 mln
    ** Q1 profit expected at $0.79-$0.85 per share vs ests of
$0.98/share
    ** Says a decline of 4.5% to 6.5% expected in full-year same
store sales & a decline of 7% to 9% in Q1 same store sales
    ** Reports Q4 revenue below estimates but adj. profit of
$1.51/share beat expectations, as per Refinitiv data
    ** Up to last close, stock had risen 19.64% YTD



 (Reporting by Ashwini Raj in Bengaluru)
 ((Ashwini.Raj@thomsonreuters.com))