BOOT Stock Recent News

Boot Barn Holdings, Inc. NASDAQ: BOOT delivered mixed fourth-quarter earnings on May 17, 2023. The specialty retailer that offers footwear, apparel, and accessories with a western theme beat expectations on the bottom line.

Boot Barn (BOOT) fourth-quarter fiscal 2023 results reflect a year-over-year increase in both the top line and bottom line.

Boot Barn missed estimates on the top line in its fourth-quarter earnings report. The company expects revenue and profits to decline next year.

Boot Barn (NYSE: BOOT ) stock is taking a beating on Thursday following the release of its earnings report for its fiscal fourth quarter of 2023. What's dragging BOOT stock down today is the retail company's revenue of $425.7 million.

Boot Barn Holdings, Inc. (NYSE:BOOT ) Q4 2023 Earnings Conference Call May 17, 2023 4:30 PM ET Company Participants Mark Dedovesh - VP, Financial Planning Jim Conroy - President and CEO Jim Watkins - CFO Greg Hackman - EVP and COO Conference Call Participants Matthew Boss - JPMorgan Steven Zaccone - Citi Peter Keith - Piper Sandler Max Rakhlenko - TD Cowen Jonathan Komp - Baird Janine Stichter - BTIG Jason Haas - Bank of America Dylan Carden - William Blair Corey Tarlowe - Jefferies Sam Poser - Williams Trading Jack Cole - Craig-Hallum Capital Group Jay Sole - UBS Mitch Kummetz - Seaport Research John Lawrence - Benchmark Company Operator Good day everyone and welcome to the Boot Barn Holdings' Fourth Quarter 2023 Earnings Call. As a reminder, this call is being recorded.

Boot Barn (BOOT) came out with quarterly earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.47 per share a year ago.

Boot Barn Holdings Inc. BOOT, +4.05% shares dropped more than 10% in the extended session Wednesday after the retailer reported a mixed fourth quarter and its same-store sales dropped more than expected. Boot Barn earned $46.4 million, or $1.53 a share, in the quarter, compared with $44.7 million, or $1.47 a share, in the prior-year period.

Since 2018, Boot Barn is up 268% versus the market's 56% thanks to revenue growth, profitability improvements, and an increase in the valuation of its stock. The company's growth appears faddish at first glance, but there's something far more substantial beneath the surface.

BOOT has a lot of store expansion opportunities ahead of it. The development of its own brands, meanwhile, has driven margin expansion.

Boot Barn is a billion-dollar omnichannel retailer operating 333 stores focused on western and work-related wear, with exclusive brands making up 32% of total sales in Q3 2023. In the last five years Boot Barn's active customer count has doubled to 6.8 million by attracting new customers through brand modernisation and opening stores in strategic power centers.