Irvine-based Boot Barn Holdings Inc. recorded a 19% increase in net sales to $504 million for its fiscal first quarter driven by new store openings and strong same store sales growth.
Shares of the Western wear retailer (NYSE: BOOT) jumped 10% to $189.10 and a $5.3 billion market cap in after-hours trading following results that beat the general analyst consensus.
Boot Barn’s same store sales grew 9.4% during the quarter ended June 28 with net income of $53 million, or $1.74 per diluted share.
Analysts were expecting first quarter revenue of $495 million and earnings of $1.55 per share.
Chief Executive John Hazen attributed the “better than expected first quarter performance” to broad-based demand “with strength across all major merchandise categories and geographies.”
Boot Barn in turn upgraded its guidance for the fiscal year 2026 and now expects “total sales of $2.1 billion to $2.18 billion, representing growth of 10% to 14%.”
