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Dec 28, 2024
Boot Barn Q3 2025 Earnings Report
Boot Barn's Q3 2025 financial performance was strong, marked by significant sales growth and increased profitability.
Key Takeaways
Boot Barn Holdings reported a strong third quarter with net sales increasing by 16.9% to $608.2 million and same store sales rising by 8.6%. Net income increased to $75.1 million, or $2.43 per diluted share. The company opened 13 new stores, expanding its total store count to 438.
Net sales increased by 16.9% to $608.2 million.
Same store sales increased by 8.6%, with retail store same store sales up 8.2% and e-commerce same store sales up 11.1%.
Income from operations increased to $99.5 million.
Net income was $75.1 million, or $2.43 per diluted share.
Boot Barn
Boot Barn
Forward Guidance
For the fiscal fourth quarter ending March 29, 2025, the Company expects total sales of $451 million to $460 million, representing growth of 16.1% to 18.4% over the prior-year period.
Positive Outlook
- Total sales are expected to be between $451 million and $460 million, representing growth of 16.1% to 18.4% over the prior-year period.
- Same store sales growth of approximately 5.3% to 7.8%.
- Retail store same store sales growth of approximately 4.7% to 7.2%.
- E-commerce same store sales growth of approximately 9.6% to 12.1%.
- Gross profit between $163.1 million and $167.8 million, or approximately 36.2% to 36.5% of sales.
Challenges Ahead
- Selling, general and administrative expenses between $115.4 million and $116.4 million, or approximately 25.6% to 25.3% of sales.
- Income from operations between $47.7 million and $51.4 million, or approximately 10.6% to 11.2% of sales.
- Effective tax rate of 25.4%.
- Net income per diluted share of $1.17 to $1.26, based on 30.9 million weighted average diluted shares outstanding.