Traditional Western-wear brand Boot Barn has raised its outlook for the rest of the financial year following another strong quarter.

After seeing net sales increase by 16 per cent in Q3, with 55 new store openings, the company is now eyeing a significant expansion in its retail footprint.

For the financial year ending March 28, Boot Barn now expects to bring its new-store total for the year to 70, as well as achieving a year-end sales growth of 17 to 18 per cent. The company wants to generate around $2.25 billion in sales. 

In Q4 alone, Boot Barn is expecting net sales of $525 million to $535 million, representing growth of 16 to 18 per cent over the prior-year period. It hopes to achieve this with a gross profit of $187 to $193 million.

“We are encouraged by the start to our fourth fiscal quarter. Through the first three and a half weeks of the quarter, prior to recent winter storms, consolidated same-store sales grew high single-digits,” CEO Josh Hazen said.

“Including the impact of these storms, consolidated same-store sales increased 5.7 per cent for the first five weeks of the fourth fiscal quarter.”