earnings
confidence high
sentiment positive
materiality 0.80
Boot Barn Q1 FY2022 net sales $306M (+65% vs 2yr ago), EPS $1.35, raises exclusive brand penetration guidance
Boot Barn Holdings, Inc.
2022-Q1 EPS reported
$1.35
revenue$306,327,000
- Net income $40.6M ($1.35 diluted EPS) vs $9.7M ($0.33) two years ago; adjusted EPS $1.26 excluding tax benefit.
- Same-store sales up 52.3% vs two years ago; retail +51.7%, e-commerce +55.8%; total sales +107% YoY.
- Exclusive brand penetration growth guidance raised to +350bps (from +250bps); new store growth target 10%.
- Cash $49.6M; prepaid $61.5M term loan; total debt reduced to $50M; revolver expanded to $180M post-quarter.
- Gross margin 38.0% vs 27.2% YoY; operating margin 17.5% vs 1.2% YoY; 1,080bps gross margin expansion.