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Mar 29
Boot Barn Q4 2025 Earnings Report
Boot Barn reported strong revenue and earnings growth in Q4 2025.
Key Takeaways
Boot Barn delivered robust Q4 results with 17% revenue growth and a 28% rise in net income, fueled by strong same store sales and margin improvements.
Revenue rose 17% year-over-year to $453.7 million.
Net income climbed to $37.5 million, a 28% increase from Q4 2024.
Same store sales increased 6%, led by 9.8% growth in e-commerce.
Gross margin improved by 130 basis points to 37.1% due to higher merchandise margins.
Boot Barn
Boot Barn
Boot Barn Revenue by Segment
Boot Barn Revenue by Geographic Location
Revenue by Segment
Retail Stores Revenue
CapyFin.comE-Commerce Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
Boot Barn expects continued revenue growth in FY26 with modest SSS variation and stable margins.
Positive Outlook
- Projected total sales of $2.070B to $2.150B, up 8%–13% YoY
- Gross profit margin expected to remain strong between 36.1% and 36.9%
- Continued store expansion with 65 to 70 new locations
- Diluted EPS expected to rise to $5.50–$6.40
- E-commerce growth expected to continue with 1.0% to 7.5% SSS increase
Challenges Ahead
- Same store sales may decline by up to 2.0%
- Retail store SSS guidance includes potential decline up to 2.5%
- Effective tax rate expected to increase to 26.0%
- Higher SG&A expenses projected between $519M and $527M
- Macroeconomic uncertainty and tariff headwinds may impact growth
Revenue & Expenses
Visualization of income flow from segment revenue to net income