earnings
confidence high
sentiment negative
materiality 0.80
Boot Barn Q2 EPS $1.06 beats guidance; full-year guidance cut on macro headwinds
Boot Barn Holdings, Inc.
2023-Q2 EPS reported
$2.35
revenue$717,401,000
- Q2 net sales $351.5M, +12.4% YoY; same store sales +2.3% (retail +3.9%, e-commerce -7.0%).
- Net income $32.1M ($1.06 diluted EPS) vs $37.9M ($1.25) prior year; Q2 EPS beat low-end guidance of $0.93.
- Exclusive brand penetration reached 32.3% (up from 28.8% a year ago); opened 10 new stores, total 321.
- FY2023 guidance revised: sales $1.65B-$1.67B (down from ~$1.70B), EPS $5.70-$5.90 (down from $6.20), same store sales (1.0)% to 0.5%.
- Q3 FY2023 guidance: sales $502M-$514M, same store sales (5.0)% to (3.0)%, EPS $1.71-$1.83.