Boot Barn Q3 Sales Jump 16%

Irvine-based Boot Barn Holdings Inc. reported preliminary sales growth of 16% to $706 million for its fiscal third quarter on Jan. 9.  

The Western wear retailer expects same store sales (SSS) to increase approximately 5.7%, driven by a 3.7% rise in retail SSS and an almost 20% jump in e-commerce SSS.  

“I am very pleased to report that preliminary third quarter results exceeded our expectations while cycling very strong business in the prior-year period,” Chief Executive John Hazen said in a statement.  

The apparel firm will post final fiscal third quarter results on Feb. 4. Analysts are expecting revenue of $707 million, a 16% increase, and earnings of $2.75 per share.  

Boot Barn also opened 25 new stores in Q3, bringing its total store count to 514. The company reached the milestone of opening 500 locations in November following an update of its store count potential to 1,200 compared to a prior estimate of 900.  

Shares were up 2.7% to $200.89 apiece during midday trading with a market cap of $6.1 billion.