Boot Barn delivers double-digit sales growth in third quarter

Boot Barn Boots on snow
The company reported an 8.6 per cent increase in same-store sales. (Source: Boot Barn)

Boot Barn delivered strong financial results for its third fiscal quarter, ending December 28 last year, with a net sales growth of 16.9 per cent year-over-year to $608.2 million. 

The company reported an 8.6 per cent increase in same-store sales, with retail stores up 8.2 per cent and e-commerce growing 11.1 per cent.

Interim CEO John Hazen credited the company’s performance to broad-based growth across all merchandise categories, channels, and regions.

 “I want to thank the entire Boot Barn team for their excellent execution and dedication during a busy holiday season, which resulted in strong third-quarter results and earnings per diluted share above the high end of our guidance range,” said Hazen.

Income from operations rose to $99.5 million from $75.1 million in the prior-year period.

This included a $6.7 million net benefit related to the forfeiture of unvested long-term equity incentives and the reversal of a fiscal 2025 cash incentive bonus expense following the resignation of Boot Barn’s former CEO

Net income increased to $75.1 million, compared to $55.6 million in the previous year.

Boot Barn expanded its footprint with 13 new store openings, bringing its total to 438 locations by the quarter’s end.

“As we enter our fourth fiscal quarter, we feel very good about the overall tone of the business and the future growth potential of the brand,” Hazen concluded.

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