Loading...
•
Sep 25, 2021
Boot Barn Q2 2022 Earnings Report
Boot Barn's Q2 2022 results were announced, featuring significant growth compared to both the previous year and two years prior.
Key Takeaways
Boot Barn Holdings, Inc. reported a strong second quarter with net sales increasing by 69.5% to $312.7 million compared to the prior-year period. Consolidated same store sales increased 61.7%, driven by both retail and e-commerce growth. Net income increased to $37.9 million, or $1.25 per diluted share.
Net sales increased 69.5% to $312.7 million compared to the prior-year period.
Consolidated same store sales increased 61.7% with retail store same store sales up 66.0% and e-commerce same store sales up 41.6%.
Gross profit was $118.2 million, or 37.8% of net sales, compared to $55.5 million, or 30.1% of net sales, in the prior-year period.
Net income was $37.9 million, or $1.25 per diluted share, compared to a net income of $5.8 million, or $0.20 per diluted share in the prior-year period.
Forward Guidance
The Company provides the following full-year fiscal 2022 guidance:
Positive Outlook
- New unit growth of 10%.
- Exclusive brand penetration growth of 350 basis points compared to full-year fiscal 2021.
- Effective tax rate of 25.4%.
- Capital expenditures between $36.0 to $39.0 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...