Boot Barn Holdings, Inc. Provides Earnings Guidance for the Third Quarter Ended December 24, 2022
January 06, 2023 at 01:30 pm
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Boot Barn Holdings, Inc. provided earnings guidance for the third quarter ended December 24, 2022. For the quarter, the company expected to report net sales increased 5.9% to approximately $514.6 million. Same store sales declined approximately 3.6%, cycling 54.2% same store sales growth in the prior-year period.
Retail store same store sales declined approximately 0.8% and e-commerce same store sales declined approximately 15.2%. Net income per diluted share of approximately $1.74 based on 30.3 million weighted average diluted shares outstanding, compared to net income per diluted share of $2.27 in the prior-year period. Net income per diluted share in the prior-year period includes an approximately $0.04 per share benefit primarily due to income tax accounting for share-based compensation.
Boot Barn Holdings, Inc. is a lifestyle retailer of western and work-related footwear, apparel, and accessories in the United States. The Company operates through two segments: retail stores and e-commerce. The retail segment is a specialty retail store that sells western and work boots and related apparel and accessories. Its e-commerce segment sells its merchandise via the Internet. The Company carries an assortment of denim, western shirts, cowboy hats, belts and belt buckles, western-style jewelry, and accessories. The western assortment includes various brands, such as Ariat, Cinch, Cody James, Corral, Dan Post, Durango, El Dorado, Idyllwind, Justin, Laredo, Lucchese, Miss Me, Montana Silversmiths, Moonshine Spirit, Shyanne, Stetson, Tony Lama, Twisted X, Resistol and Wrangler. The work assortment includes rugged footwear, outerwear, overalls, denim, and shirts. Its other brand includes Dickies, Carhartt, Wolverine, and Hawx. It operates approximately 403 stores in 45 states.
BOOT BARN HOLDINGS, INC. 
