Boot Barn Q2 2022 Earnings Report
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.
Boot Barn
Boot Barn
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.