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Sep 28, 2024

Boot Barn Q2 2025 Earnings Report

Second quarter fiscal year 2025 financial results were announced, with net sales increasing and same store sales showing growth.

Key Takeaways

Boot Barn Holdings reported a 13.7% increase in net sales to $425.8 million and a 4.9% increase in same store sales. Net income rose to $29.4 million, or $0.95 per diluted share. The company opened 15 new stores, expanding its total store count to 425.

Net sales increased by 13.7% to $425.8 million.

Same store sales increased by 4.9%, with retail stores up 4.3% and e-commerce up 10.1%.

Net income was $29.4 million, or $0.95 per diluted share.

15 new stores were opened, bringing the total to 425 stores.

Total Revenue
$426M
Previous year: $374M
+13.7%
EPS
$0.95
Previous year: $0.91
+4.4%
Same Store Sales
4.9%
Previous year: -4.8%
-202.1%
Stores Operating
425
Gross Profit
$153M
Previous year: $134M
+14.1%
Cash and Equivalents
$37.4M
Previous year: $38.7M
-3.3%
Free Cash Flow
-$46.1M
Previous year: $39.9M
-215.7%
Total Assets
$1.87B
Previous year: $1.58B
+18.3%

Boot Barn

Boot Barn

Forward Guidance

The Company is providing updated guidance for the fiscal year ending March 29, 2025.

Positive Outlook

  • Total sales of $582 million to $595 million, representing growth of 11.8% to 14.3% over the prior-year period.
  • Same store sales growth of approximately 3.5% to 6.0%, with retail store same store sales growth of approximately 3.0% to 5.0% and e-commerce same store sales growth of approximately 7.5% to 10.0%.
  • Income from operations between $82.7 million and $87.3 million, or approximately 14.2% to 14.7% of sales.
  • Net income per diluted share of $1.96 to $2.07, based on 31.0 million weighted average diluted shares outstanding.
  • To open a total of 60 new stores for the fiscal year ending March 29, 2025.