earnings
confidence high
sentiment negative
materiality 0.78
Boot Barn Q3 EPS $1.74 vs $2.27; same-store sales -3.6%; lowers FY23 outlook
Boot Barn Holdings, Inc.
2023-Q3 EPS reported
$4.09
revenue$1,231,954,000
- Q3 net sales $514.6M (+5.9% YoY); same-store sales -3.6% (retail -0.8%, e-commerce -15.2%).
- Net income $52.8M ($1.74 diluted EPS) vs $69.2M ($2.27) last year; gross margin 36.5% down 290 bps.
- FY23 guidance: sales $1.67-1.68B, same-store sales +0.5% to 1.0%, EPS $5.51-$5.60 (incl. $0.19 from 53rd week).
- Q4 guidance: sales $438-448M, same-store sales -3% to -0.5%, EPS $1.42-$1.51.
- Opened 12 new stores in Q3 (333 total); preliminary Jan same-store sales down 1.5% (e-comm -16%, retail +1.2%).