Boot Barn Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 24, 2022
January 25, 2023 at 09:10 pm
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Boot Barn Holdings, Inc. reported earnings results for the third quarter and nine months ended December 24, 2022. For the third quarter, the company reported sales was USD 514.55 million compared to USD 485.9 million a year ago. Net income was USD 52.77 million compared to USD 69.23 million a year ago. Basic earnings per share from continuing operations was USD 1.77 compared to USD 2.34 a year ago. Diluted earnings per share from continuing operations was USD 1.74 compared to USD 2.27 a year ago.
For the nine months, sales was USD 1,231.95 million compared to USD 1,104.95 million a year ago. Net income was USD 124.14 million compared to USD 147.74 million a year ago. Basic earnings per share from continuing operations was USD 4.17 compared to USD 5.01 a year ago. Diluted earnings per share from continuing operations was USD 4.09 compared to USD 4.86 a year ago.
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.