Boot Barn Q4 2021 Earnings Report
Key Takeaways
Boot Barn Holdings, Inc. announced its financial results for the fourth fiscal quarter ended March 27, 2021, with net sales increasing by 37.2% to $258.9 million and net income reaching $24.6 million, or $0.82 per diluted share. The company's performance was boosted by government stimulus and omni-channel initiatives.
Net sales increased 37.2% to $258.9 million.
Same store sales increased 26.9%, with retail store same store sales up 28.5% and e-commerce sales up 19.5%.
Net income was $24.6 million, or $0.82 per diluted share.
The Company opened 8 new stores.
Boot Barn
Boot Barn
Boot Barn Revenue by Segment
Forward Guidance
The Company provided the following outlook for the full fiscal year 2022: New unit growth of 10%, Exclusive brand penetration growth of 250 basis points, Effective tax rate of 26.0%, Capital expenditures between $33.0 to $36.0 million.
Positive Outlook
- New unit growth of 10%.
- Exclusive brand penetration growth of 250 basis points.
- Effective tax rate of 26.0%.
- Capital expenditures between $33.0 to $36.0 million.