Irvine-based Boot Barn Holdings Inc. (NYSE: BOOT) continues its focus on essential wear, avoiding heavy promotions to enter the holiday selling season upbeat.
The Western-inspired retailer on Wednesday reported results for its fiscal second quarter ended Sept. 26, beating estimates on both revenue and earnings.
The company reported net sales of $184.5 million, down 1.4% from a year earlier. Analysts on average expected revenue of $179.9 million.
Boot Barn closed the quarter with $5.8 million in profit, down from $7.7 million a year earlier but beating consensus estimates of $3.5 million.
“As we approach the beginning of the holidays, we are encouraged with our current momentum and are prepared to execute well as we enter the busy holiday shopping season,” CEO Jim Conroy said.
Boot Barn, with 266 stores, was trading about flat in midday trading Thursday to $32.20 for a market cap of $942 million.
