Boot Barn Hldgs Inc Stock Price, News & Analysis

Boot Barn Holdings, Inc. (NYSE: BOOT) announced the planned retirement of Executive Vice President and Chief Operating Officer Gregory V. Hackman, expected in June. Hackman joined Boot Barn in 2015 as CFO and played a significant role in expanding the company from 150 to nearly 350 stores and increasing revenue by over $1 billion. President and CEO Jim Conroy expressed gratitude for Hackman's leadership and contributions during his eight-year tenure. Hackman's legacy includes a profound impact on the company and its executives as he transitions responsibilities to other executives.

Boot Barn Holdings, Inc. (NYSE: BOOT) reported its financial results for the third fiscal quarter ended December 24, 2022. Net sales rose by 5.9% to $514.6 million despite a 3.6% decline in same store sales, attributed to a 15.2% drop in e-commerce sales. Net income fell to $52.8 million from $69.2 million, resulting in earnings per share of $1.74. The company opened 12 new stores, bringing the total to 333. For fiscal 2023, revised guidance anticipates total sales of $1.67 billion to $1.68 billion, with net income projected between $167.2 million and $170.0 million.

Boot Barn Holdings, Inc. (NYSE: BOOT) will release its financial results for Q3 FY 2023 on January 25, 2023, after market close. A conference call will follow at 4:30 p.m. ET to discuss the results. Interested parties can join by calling (877) 451-6152 or via a live webcast. Boot Barn, the leading retailer of western and work-related apparel, operates 335 stores across 41 states and maintains a robust online presence. The company is focused on providing a diverse selection of lifestyle and work brands to its customers.

Boot Barn Holdings, Inc. (NYSE: BOOT) announced preliminary results for Q3 FY 2023, revealing a 5.9% increase in net sales, totaling approximately $514.6 million. However, same-store sales declined approximately (3.6)%, with retail and e-commerce down (0.8)% and (15.2)%, respectively. Merchandise margins decreased by 190 basis points due to rising freight costs. Net income per diluted share is projected at $1.74, down from $2.27 in the prior year. The company opened 12 new stores, increasing the total to 333.

Boot Barn Holdings, Inc. (NYSE: BOOT) reported second-quarter financial results for the period ended September 24, 2022. Net sales rose 12.4% year-over-year to $351.5 million. Consolidated same-store sales increased 2.3%, supported by a 3.9% rise in retail, while e-commerce saw a decline of 7.0%. Net income fell to $32.1 million or $1.06 per diluted share, compared to $37.9 million or $1.25 per diluted share a year earlier. The company plans to open 40 new stores and expects total sales for the fiscal year to be between $1.65 billion and $1.67 billion.