Irvine-based Boot Barn Holdings Inc. (NYSE: BOOT) capped its fiscal fourth quarter with better-than-expected results, sending the Western and workwear retailer’s stock up in after-hours trading Wednesday.
Boot Barn stock rose 6.5% after hours to $72 for a market cap of about $2 billion.
The retailer saw continued growth in both its 275-store physical footprint and online, with same-store sales up 26.9% in its fiscal fourth quarter ended March 27.
The company reported net sales in the quarter of $258.9 million. That’s up 37.2% from the year-ago period and above analyst expectations of $232.9 million.
Net income for the quarter was $24.6 million, up from $5.7 million a year ago and above consensus estimates of $14.1 million.
The company said it expects to grow its store count by 10% in the current fiscal year.