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