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.

Packsize has partnered with Boot Barn (NYSE: BOOT) to enhance warehouse automation and sustainability. This initiative aims to address labor shortages and improve order throughput at Boot Barn's Wichita distribution center. The collaboration allows Boot Barn to ship 1,000 packages per hour using custom packaging solutions, resulting in right-sized boxes that reduce waste and lower transportation costs. These changes support Boot Barn's environmental goals and are expected to significantly enhance customer satisfaction.

Boot Barn Holdings (NYSE: BOOT) is set to release its financial results for the second quarter of fiscal year 2023, ending September 24, 2022, on October 26, 2022. The announcement follows a market close and will be discussed in a conference call at 4:30 p.m. ET, available via telephone and webcast. Boot Barn, the leading retailer of western and work-related apparel and accessories in the U.S., currently operates 322 stores across 40 states and has a robust online presence.

Boot Barn Holdings, Inc. (NYSE: BOOT) reported a strong first fiscal quarter ending June 25, 2022, with net sales reaching $365.9 million, a 19.4% increase year-over-year. Same store sales rose 10.0%, driven by retail store sales growth of 10.1% and e-commerce growth of 9.3%. Net income was $39.3 million, or $1.29 per diluted share, compared to $40.6 million in the prior year. Looking ahead, the company expects total sales to reach between $1.68 billion and $1.70 billion in fiscal 2023, with 40 new stores to be opened.