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Tuesday, May 24, 2022

Boot Barn: Strong Q2, Upbeat on Season

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Irvine-based Western wear retailer Boot Barn Holdings Inc.’s better-than-expected results for the September quarter has it rosy on the upcoming holiday selling season and beyond.

The company on Tuesday reported results for its second quarter ended Sept. 28 that included net sales of $187.2 million, up 11.3% from a year earlier and beating consensus estimates of $181.1 million.

Earnings for the quarter rose to $7.7 million from $4.5 million a year ago. Analysts on average expected earnings of $5.9 million.

The results were driven by boosts across product categories and regions the company’s 248 stores are in, “and we believe that the strategies we have in place have us well positioned to capitalize on our opportunities during the upcoming holiday shopping season and over the long-term,” CEO Jim Conroy said in a statement.

Boot Barn shares (NYSE: BOOT) were up 3.5% to $38.60 in after-hours trading Wednesday for a market value of $1 billion.

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