Boot Barn Q1 net sales $365.9M (+19.4% YoY); same store sales +10%; updates FY2023 guidance

Boot Barn Holdings, Inc.

2023-Q1 EPS reported $1.29 revenue$365,856,000

Q1 net sales $365.9M (+19.4% YoY); same store sales +10.0% (retail +10.1%, e-commerce +9.3%).
Diluted EPS $1.29; excluding $0.03 tax benefit, adjusted EPS $1.26, flat YoY vs $1.26.
Opened 11 new stores to total 311; FY2023 plan to open 40 new stores.
Updated FY2023 guidance: sales $1.68-1.70B (+12.9-14.2%), EPS $6.00-6.20; same store sales flat to +2%.
Expanded credit facility by $70M to $250M, extended to July 2027; $74.9M drawn.

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