Overview
Boot Barn fiscal Q1 2026 net sales rise 19.1%, beating analyst expectations, per LSEG data
Net income for fiscal Q1 2026 increases to $53.4 mln, EPS at $1.74
Company opens 14 new stores, contributing to sales growth
Outlook
Boot Barn expects fiscal year sales of $2.100 bln to $2.180 bln
Company anticipates opening 65 to 70 new stores this fiscal year
Boot Barn projects Q2 sales growth of 14% to 16% year-over-year
Company forecasts Q2 same store sales growth of 4.5% to 6.5%
Result Drivers
NEW STORE OPENINGS - 14 new stores opened, contributing to 19.1% net sales growth
SAME-STORE SALES - 9.4% increase in same-store sales, with retail and e-commerce channels both showing growth
MERCHANDISE MARGIN - Improved buying economies and lower freight costs led to a 210 basis-point increase in gross profit margin
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$504.10 mln
$494.50 mln (15 Analysts)
Q1 EPS
$1.74
Q1 Net Income
$53.40 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy"
Wall Street's median 12-month price target for Boot Barn Holdings Inc is $190.00, about 6.9% above its July 30 closing price of $176.82
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 16 three months ago
Press Release: ID:nBw5h2CKRa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)