Boot Barn Q2 FY2024: EPS $0.90, sales $374.5M (+6.5%), same-store sales down 4.8%

Boot Barn Holdings, Inc.

2024-Q2 EPS reported $2.03 revenue$758,151,000

Q2 net sales $374.5M (+6.5% YoY); same-store sales declined 4.8% (retail -3.8%, e-com -11.7%).
Diluted EPS $0.90 vs $1.06 prior year; adjusted EPS $0.91 excluding tax effects.
Gross margin 35.8% (down 90 bps) from occupancy deleverage, partially offset by merchandise margin expansion.
Opened 10 new stores in quarter, total 371; average inventory per store down ~14% same-store basis.
Updated FY2024 guidance: sales $1.677B-$1.702B, same-store sales decline (6.5)-(5.0)%, EPS $4.75-$5.00.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Boot Barn Holdings, Inc. reported the six months ended September 30, 2023 results: revenue $758.2 million.

Period: the six months ended September 30, 2023
Revenue: $758.2 million
Result: reported results

Exact text from the filing

Operating Results for the Six Months Ended September 30, 2023 Compared to the Six Months Ended September 24, 2022 ● Net sales increased 5.7% to $758.2 million from $717.4 million in the prior-year period.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Boot Barn Holdings, Inc. reported the second fiscal quarter ended September 30, 2023 results: revenue $374.5 million, net income $27.7 million, EPS $0.90 per diluted share.

Period: the second fiscal quarter ended September 30, 2023
Revenue: $374.5 million
Net income: $27.7 million
EPS: $0.90 per diluted share
Result: reported results

Exact text from the filing

For the quarter ended September 30, 2023: ● Net sales increased 6.5% over the prior-year period to $374.5 million, cycling 12.4% net sales growth in the prior-year period. ● Same store sales decreased 4.8% compared to the prior-year period, cycling 64% same store sales growth on a 2-year stack basis. The 4.8% decrease in consolidated same store sales is comprised of a decrease in retail store same store sales of 3.8% and a decrease in e-commerce same store sales of 11.7%. ● Net income was $27.7 million, or $0.90 per diluted share, compared to $32.1 million, or $1.06 per diluted share in the prior-year period.

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Source: SEC EDGAR

accession 0001558370-23-017416

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