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Monday, Feb 17, 2025
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Boot Barn Up 8% on Q2 2024

Sales miss, earnings beat

Boot Barn Holdings Inc. (NYSE: BOOT) jumped 8.3% today in midday trading after the Irvine-based western retailer yesterday reported second quarter 2024 results. Shares were $75.04 apiece, giving the company a $2.2 billion market cap.

Net sales for Boot Barn rose 6.5% year-over-year to nearly $375 million, a miss for the Zacks Consensus Estimate. Boot Barn’s EPS was 90 cents per share, which beat the Zacks Consensus Estimate. Last year’s earnings were $1.06 per share.

Same store sales for Boot Barn also decreased year-over-year, which officials attribute to “a macro pull back in consumer demand,” CEO Jim Conroy said in a statement. 

Though “we believe that our inventory levels and expense structure are well-positioned as we enter the holiday season,” he added.

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