BOOT

Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Boot Barn (NYSE:BOOT) and the best and worst performers in the apparel and footwear retail industry. Apparel and footwear was once a category thought to be relatively safe from major e-commerce penetration because of the need to try on, touch, and feel products, but the category is now meaningfully transacted online. Everyone still needs clothes and shoes to go outside unless they want some curious (or horrified) looks. But this ongoing digitization is forcing apparel and footwear retailers–that once only had brick-and-mortar stores–to respond with omnichannel offerings. The online shopping experience continues to improve and retail foot traffic in places like shopping malls continues to stagnate, so the evolution of clothing and shoes sellers marches on. The 9 apparel and footwear retail stocks we track reported a satisfactory Q1. As a group, revenues beat analysts’ consensus estimates by 1.1% while next quarter’s revenue guidance was in line. In light of this news, share prices of the companies have held steady as they are up 2.6% on average since the latest earnings results. With a strong store presence in Texas, California, Florida, and Oklahoma, Boot Barn (NYSE:BOOT) is a western-inspired apparel and footwear retailer. Boot Barn reported revenues of $538.8 million, up 18.7% year on year. This print exceeded analysts’ expectations by 1.5%. Overall, it was a satisfactory quarter for the company with an impressive beat of analysts’ EBITDA estimates but EPS guidance for next quarter missing analysts’ expectations significantly. John Hazen, Chief Executive Officer, commented, “I am very proud of our performance in Fiscal 2026, which marked a record year for Boot Barn and reflects the strength of our business and the dedication of our team. We delivered strong results across key metrics, including 18% total sales growth, 80 basis points of merchandise margin expansion, and 25% growth in earnings per diluted share. We opened 80 new stores and generated 7.2% same store sales growth. The broad-based strength across merchandise categories, channels, and geographic regions underscores the strong appeal of the brand and the disciplined execution of our strategic initiatives. Looking ahead, I believe Boot Barn i...

Boot Barn Holdings, Inc. BOOT delivered a significantly strong fiscal 2026 performance, with earnings per share increasing 25% to $7.35. The company attributed the results to its continued commitment to its strategic initiatives, which played a key role in driving both revenue growth and profitability. The company’s store expansion strategy is a key initiative supporting the earnings growth momentum. Over the past five years, the company opened 267 stores, doubling its store base to 539 locations. These new stores contributed more than $750 million in incremental fiscal 2026 revenue and exceeded expectations for sales, earnings and payback. Boot Barn plans to open 70 new stores in fiscal 2026, and remains focused on growing its footprint as it progresses toward its long-term goal of operating 1,200 stores across the United States. Additionally, merchandise margin expansion and exclusive brand penetration remain key growth drivers. Merchandise margin increased 80 basis points in fiscal 2026, exceeding management’s initial expectations. Exclusive brand penetration also rose 220 basis points to 40.8%, continuing a multi-year growth trend. Looking ahead, management expects further gains in exclusive brand penetration to reach 41.3% in fiscal 2027, with merchandise margin expected to reach approximately 51.4% of sales, representing a 50-basis-point year-over-year improvement. Boot Barn remains confident that its strategic initiatives will continue to support both near-term performance and long-term growth. As a result, the company expects its earnings per share growth to continue in fiscal 2027, with earnings per share projected to increase 18% year over year to $8.64, reflecting continued double-digit growth momentum despite a more moderate growth rate. The Zacks Consensus Estimate for BOOT’s current and next fiscal year earnings implies a year-over-year rise of 16.5% and 15.9%, respectively. Image Source: Zacks Investment Research From a valuation standpoint, BOOT trades at a forward price-to-earnings ratio of 19.24, higher than the industry’s average of 14.88. Image Source: Zacks Investment Research BOOT’s shares have gained 2.6% in the past year compared with the industry’s growth of 2.8%. BOOT presently carries a Zacks Rank #3 (Hold). Image Source: Zacks Investment Research Some better-ranked stocks have been discussed below: Tapestry, Inc. TPR provides acce...

Boot Barn Holdings, Inc. BOOT delivered strong e-commerce performance in the fourth quarter of fiscal 2026, supported by double-digit growth on bootbarn.com. The company’s e-commerce comparable sales increased 14.1% in the final quarter. To further strengthen its digital presence, the company launched dedicated websites for two of its women's exclusive brands, Cheyenne and CLEO & WOLF. Management expressed satisfaction with the early performance of these platforms, highlighting their ability to enhance brand storytelling and customer engagement. The new websites also support the company's strategy of positioning and marketing its exclusive brands as distinct stand-alone brands. Boot Barn is leveraging AI to drive incremental traffic across both online and in-store channels while enhancing the customer experience and strengthening brand engagement. The company relies heavily on social media platforms to market its exclusive brands, with Meta and TikTok serving as key customer acquisition channels. Management highlighted the effectiveness of these platforms' algorithms in identifying and reaching potential new customers. Additionally, social media platforms provide an environment where consumers are more receptive to product discovery and advertising, enabling the company to introduce new products and enhance brand visibility in a less disruptive manner. Overall, Boot Barn’s AI-powered customer acquisition initiatives, expanding portfolio of exclusive brand websites and effective social commerce efforts continue to support strong online momentum. The company expects e-commerce comparable sales growth of 13% in fiscal 2027, with digital channels remaining a key contributor to e-commerce growth and customer engagement. BOOT’s shares have gained 7.8% in the past year compared with the industry’s growth of 7.9%. BOOT presently carries a Zacks Rank #3 (Hold). Image Source: Zacks Investment Research From a valuation standpoint, BOOT trades at a forward price-to-earnings ratio of 19.36, higher than the industry’s average of 15.50. Image Source: Zacks Investment Research The Zacks Consensus Estimate for BOOT’s current and next fiscal year earnings implies a year-over-year rise of 16.5% and 15.9%, respectively. Image Source: Zacks Investment Research Some better-ranked stocks have been discussed below: Tapestry, Inc. TPR provides accessories and lifestyle brand product...

Boot Barn’s first quarter of 2026 delivered growth above Wall Street’s expectations, with management attributing the performance to broad-based demand and continued expansion in both new and existing markets. CEO John Hazen emphasized the impact of accelerated store openings and increasing exclusive brand penetration, noting, “The majority of our top-selling styles have been in our assortment for more than five years, underscoring the durability and consistency of our core offering.” Initiatives in work boots, denim, and omnichannel marketing, including a successful presence at the Stagecoach festival, also contributed to quarter strength across key categories. Is now the time to buy BOOT? Find out in our full research report (it’s free). Revenue: $538.8 million vs analyst estimates of $530.7 million (18.7% year-on-year growth, 1.5% beat) EPS (GAAP): $1.45 vs analyst estimates of $1.42 (1.9% beat) Adjusted EBITDA: $86.53 million vs analyst estimates of $80.83 million (16.1% margin, 7% beat) Revenue Guidance for Q2 CY2026 is $579 million at the midpoint, above analyst estimates of $573.6 million EPS (GAAP) guidance for the upcoming financial year 2027 is $8.43 at the midpoint, missing analyst estimates by 0.7% Operating Margin: 10.6%, in line with the same quarter last year Locations: 539 at quarter end, up from 459 in the same quarter last year Same-Store Sales rose 6.1% year on year, in line with the same quarter last year Market Capitalization: $4.32 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Matthew Boss (JPMorgan) asked about the durability of top-line drivers beyond need-based customers. CEO John Hazen responded that Boot Barn is increasingly capturing denim market share and serving lifestyle customers who are new to the brand. Maksim Rakhlenko (TD Cowen) questioned freight cost headwinds and pricing strategy. CFO Jim Watkins explained that logistics negotiations have offset some freight surcharges and that pricing actions on exclusive and third-party brands have returned to a normal cadence. Steven Zaccone (Citi) inquired about the breakdown of transaction versus ticket growth and the outlook for...

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Boot Barn Holdings just saw its fair value estimate trimmed from US$237.14 to US$225.14 per share, a small reset that still reflects a detailed refresh of the underlying valuation work. This shift lines up with Street research that mixes confidence in the latest Q4 execution and guidance with more caution on where the stock should trade right now. As you read on, you will see how these changing targets and narratives fit together and how to track the story as it evolves. Analyst Price Targets don't always capture the full story. Head over to our Company Report to find new ways to value Boot Barn Holdings. UBS raised its price target to US$272, citing a solid Q4 report and an updated model that supports a higher valuation framework. Piper Sandler kept an Overweight rating, pointing to Q4 comparable sales upside and early Q1 comps up 5%, and describing FY27 guidance as appropriately conservative. BofA maintained a Buy rating after Q4 results that it viewed as in line with expectations, and argued that the stock looks too cheap relative to its growth profile. Baird kept an Outperform rating, stating that the updated model and the 2027 plan look reassuring following Q4 results. Williams Trading, Piper Sandler, Baird and BofA all cut price targets, reflecting a reset in what they are willing to pay for the stock even as they keep positive ratings. BofA explicitly trimmed its valuation multiple, pointing to a broader derating in consumer growth company multiples that weighs on where the stock might trade. Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives! See how Boot Barn Holdings' fair value stacks up across multiple valuation models — not just analyst targets. Boot Barn Holdings updated its buyback activity, repurchasing 68,472 shares, or 0.22% of shares, for US$12.5 million between December 28, 2025 and March 28, 2026, bringing total repurchases under the May 14, 2025 authorization to 286,504 shares, or 0.94%, for US$49.94 million. The company issued guidance for the first fiscal quarter ending June 27, 2026, with expected total sales of US$574 million to US$584 million, consolidated same store sales growth of 2% to 4%, and income from ope...

Boot Barn Holdings, Inc. BOOT posted fourth-quarter fiscal 2026 results, with both the top and bottom lines surpassing the Zacks Consensus Estimate. Both the top and bottom lines saw strong year-over-year growth. The company reported earnings of $1.45 per share, which rose 18.9% from $1.22 per share in the year-ago period. The metric surpassed the Zacks Consensus Estimate of $1.43. Boot Barn Holdings, Inc. price-consensus-eps-surprise-chart | Boot Barn Holdings, Inc. Quote Net sales increased 18.7% year over year to $538.8 million from $453.7 million in the prior-year period, and came in ahead of the Zacks Consensus Estimate of $533 million. The increase was driven by incremental sales from new stores and higher consolidated same-store sales. Consolidated same-store sales rose 6.1%, which was higher than the Zacks Consensus Estimate of 4.4% growth. This growth was mainly driven by a 5.2% increase in retail store same-store sales and a 14.1% increase in e-commerce same-store sales. Boot Barn opened 25 new stores during the quarter, bringing its store count to 539 at quarter's end. Gross profit increased 16.1% to $195.7 million from $168.6 million in the prior-year period, supported by higher sales growth. However, gross margin declined 80 basis points to 36.3% from 37.1% in the prior-year period, mainly due to deleverage in buying, occupancy and distribution center costs, along with a 30-basis-point decline in merchandise margin. The merchandise margin decline reflected the impact of cycling unusually low shrink and freight expenses from the prior year, partially offset by improved buying scale efficiencies and higher penetration of exclusive brands. Selling, General & Administrative expenses (SG&A) were $138.5 million, up 16.5% from $118.9 million in the prior-year period. SG&A, as a percentage of sales, was 25.7% compared with 26.2% a year ago. Higher store payroll and store-related expenses tied to a larger fleet, along with increased marketing spend, drove the year-over-year dollar increase, while leverage on the higher sales base helped the rate improve. Income from operations increased 15.2% year over year to $57.2 million from $49.7 million. The operating income margin declined 40 basis points to 10.6% from 11% in the prior-year period. Boot Barn ended fiscal 2026 with cash and cash equivalents of $141 million, up from $69.8 million at the prior-year e...

There's been a notable change in appetite for Boot Barn Holdings, Inc. (NYSE:BOOT) shares in the week since its annual report, with the stock down 12% to US$144. It was a credible result overall, with revenues of US$2.3b and statutory earnings per share of US$7.35 both in line with analyst estimates, showing that Boot Barn Holdings is executing in line with expectations. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Taking into account the latest results, the consensus forecast from Boot Barn Holdings' 14 analysts is for revenues of US$2.62b in 2027. This reflects a decent 16% improvement in revenue compared to the last 12 months. Per-share earnings are expected to ascend 15% to US$8.52. In the lead-up to this report, the analysts had been modelling revenues of US$2.56b and earnings per share (EPS) of US$8.48 in 2027. So it looks like there's been no major change in sentiment following the latest results, although the analysts have made a small lift in to revenue forecasts. See our latest analysis for Boot Barn Holdings Even though revenue forecasts increased, there was no change to the consensus price target of US$227, suggesting the analysts are focused on earnings as the driver of value creation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Boot Barn Holdings, with the most bullish analyst valuing it at US$282 and the most bearish at US$195 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure. Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Boot Barn Holdings' growth to accelerate,...

Image source: The Motley Fool. Thursday, May 14, 2026 at 4:30 p.m. ET Chief Executive Officer — John Hazen Chief Financial Officer — Jim Watkins John Hazen, Chief Executive Officer; and Jim Watkins, Chief Financial Officer. A copy of today's press release along with a supplemental financial presentation is available on the Investor Relations section of Boot Barn's website at bootbarn.com. Shortly after we end this call, a recording of the call will be available as a replay for 30 days on the Investor Relations section of the company's website. I would like to remind that certain statements we will make during this call are forward-looking statements. These forward-looking statements reflect Boot Barn's judgment and analysis only as of today, and actual results may differ materially from current expectations based on a number of factors affecting Boot Barn's business. Accordingly, you should not place undue reliance on these forward-looking statements. For a more thorough discussion of the risks and uncertainties associated with the forward-looking statements to be made during this conference call and webcast, we refer you to the disclaimer regarding forward-looking statements that is included in our fourth quarter and fiscal 2026 earnings release as well as our filings with the SEC referenced in that disclaimer. We do not undertake any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. I will now turn the call over to John Hazen, Boot Barn's Chief Executive Officer. John? John Hazen: Thank you, Mark, and good afternoon. Thank you, everyone, for joining us. On this call, I will review our fourth quarter and fiscal '26 results, provide an update on current business and discuss the progress we have made across each of our 4 strategic initiatives. Following my remarks, Jim Watkins will review our financial performance in more detail, and then we will open up the call for questions. Looking back on my first year as CEO, I'm extremely proud of our team's accomplishments. Over the past year, the team has not only executed on our 4 strategic initiatives, but also exceeded the expectations on the 3 additional priorities I introduced: building the sourcing organization; marketing exclusive brands and stand-alone brands; and reinvigorating our work boots business. I would like to spend some...

IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Boot Barn Holdings Inc. (BOOT) on Thursday reported fiscal fourth-quarter earnings of $44.4 million. On a per-share basis, the Irvine, California-based company said it had net income of $1.45. The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share. The Western apparel and footwear retailer posted revenue of $538.8 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $532.8 million. For the year, the company reported profit of $225.9 million, or $7.35 per share. Revenue was reported as $2.25 billion. For the current quarter ending in June, Boot Barn said it expects revenue in the range of $574 million to $584 million. The company expects full-year earnings to be $8.21 to $8.64 per share, with revenue ranging from $2.58 billion to $2.62 billion. Boot Barn shares have decreased 17% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $146.13, a rise of 10% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BOOT at https://www.zacks.com/ap/BOOT

This article first appeared on GuruFocus. Full-Year Revenue: Increased 18% to $2.25 billion. Full-Year Same-Store Sales Growth: 7.2%. Full-Year Earnings Per Diluted Share: Grew 25% to $7.35. Fourth Quarter Revenue: Increased 19% to $539 million. Fourth Quarter Same-Store Sales Growth: 6.1%. Fourth Quarter Earnings Per Diluted Share: Increased 19% to $1.45. Merchandise Margin Expansion: Full-year increase of 80 basis points. New Store Openings: 80 new stores in fiscal '26, 25 in the fourth quarter. Inventory: Increased 13% year over year to $845 million. Cash and Credit: $141 million in cash, zero drawn on $250 million revolving line of credit. Share Repurchase: $12.5 million in the fourth quarter, $50 million for fiscal '26. Warning! GuruFocus has detected 3 Warning Sign with BOOT. Is BOOT fairly valued? Test your thesis with our free DCF calculator. Release Date: May 14, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Boot Barn Holdings Inc (NYSE:BOOT) reported a strong fiscal '26 with revenue increasing 18% to $2.25 billion, driven by continued momentum across the business. The company opened a record 80 new stores and delivered same-store sales growth of 7.2%, exceeding expectations. Merchandise margin expanded by 80 basis points, contributing to a remarkable 660 basis point expansion over the past six years. Earnings per diluted share grew 25% to $7.35, an increase of $1.47 compared to the prior year. Boot Barn Holdings Inc (NYSE:BOOT) saw a 14.1% increase in e-commerce comp sales, driven by double-digit growth on Bootbarn.com. Fourth quarter merchandise margin decreased by 30 basis points, which was offset by a 70 basis point headwind from cycling low shrink and low freight expense in the prior year period. Buying occupancy and distribution center costs deleveraged by 50 basis points, primarily due to new store occupancy costs. The company anticipates ongoing pressure on occupancy rate as it invests toward its long-term target of 1,200 stores across the US. Boot Barn Holdings Inc (NYSE:BOOT) expects a higher hurdle rate this year on buying occupancy and distribution center costs with expected leverage at 10% same-store sales growth. The company plans to open 70 new stores in fiscal '27 compared to its original plan of 80 stores, as it accelerated the opening of 10 stores into fiscal '26. Q: John,...

Interested in Boot Barn Holdings, Inc.? Here are five stocks we like better. Boot Barn posted record fiscal 2026 results, with revenue up 18% to $2.25 billion and diluted EPS up 25% to $7.35. Fourth-quarter sales rose 19% to $539 million, while same-store sales increased 6.1%. Store expansion and exclusive brands remain core growth drivers. Boot Barn opened a record 80 stores in fiscal 2026 and sees a long-term path to 1,200 U.S. stores, while exclusive brand penetration climbed to 40.8% for the year. The company forecast more growth in fiscal 2027, guiding for sales of up to $2.6 billion and EPS of $8.64, with same-store sales expected to rise 4%. Early fiscal 2027 trends were positive, with comparable sales up 5% in the first six weeks. 3 Retailers Poised to Outmaneuver Tariff and Recession Concerns Boot Barn (NYSE:BOOT) reported record fiscal 2026 sales and earnings, with executives pointing to continued store expansion, gains in same-store sales and increased penetration of exclusive brands as key drivers of the western and workwear retailer’s performance. Chief Executive Officer John Hazen said on the company’s fourth-quarter earnings call that fiscal 2026 revenue rose 18% to $2.25 billion, while earnings per diluted share increased 25% to $7.35. The company opened a record 80 new stores during the year and ended the fiscal year with 539 locations. → Micron Investors Face a High-Stakes Moment After the Latest Rally 3 Small Caps Drawing Insider and Institutional Support “I am very pleased with our fiscal 2026 results, which reflect strong performance across key metrics, broad-based strength across the business, and unprecedented sales and earnings for the company,” Hazen said. For the fourth quarter, Boot Barn said total revenue increased 19% to $539 million. Consolidated same-store sales rose 6.1%, including a 5.2% increase in retail store comps and a 14.1% increase in e-commerce comps. Earnings per diluted share rose 19% to $1.45, compared with $1.22 in the prior-year period. → How Bad Could Tesla’s Cybertruck Recall Be for Shares? Abercrombie & Fitch Hits 12-Year High...Is It Still Undervalued? Hazen said the company’s new-store strategy continues to perform ahead of expectations. Over the past five years, Boot Barn has opened 267 stores, doubling its store count. Those stores contributed more than $750 million in incremental revenue in fiscal 2026, a...

Boot Barn (BOOT) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.40%. A quarter ago, it was expected that this Western apparel and footwear retailer would post earnings of $2.79 per share when it actually produced earnings of $2.79, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Boot Barn, which belongs to the Zacks Retail - Apparel and Shoes industry, posted revenues of $538.75 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.13%. This compares to year-ago revenues of $453.75 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Boot Barn shares have lost about 17.7% since the beginning of the year versus the S&P 500's gain of 8.8%. While Boot Barn has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Boot Barn was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 R...