Boot Barn Q1 2021 Earnings Report
Key Takeaways
Boot Barn Holdings Inc. reported a decrease in net sales by 20.5% to $147.8 million compared to the prior-year period. The company experienced a net loss of $0.5 million, or $0.02 per diluted share, as opposed to a net income of $9.7 million, or $0.33 per diluted share, in the prior-year period. Same-store sales decreased by 14.9%, with retail store same-store sales down 27.1% and e-commerce sales up 51.9%.
Net sales decreased by 20.5% to $147.8 million.
Same store sales decreased 14.9%, retail store same store sales decreased 27.1% and e-commerce sales increased 51.9%.
Net loss was $0.5 million, or $0.02 per diluted share.
Cash and cash equivalents increased to $83.1 million.
Boot Barn
Boot Barn
Forward Guidance
Due to the ongoing uncertainty created by COVID-19, the Company is not providing second quarter and fiscal year 2021 guidance at this time.