Key Highlights:

  • Net Sales came in at USD 593.5 million, an increase of 17.7% driven by incremental sales from new stores.
  • FY 2027 EPS Guidance totaled USD 8.80 to USD 9.23, which includes an estimated USD 0.46 total benefit from tariff.
  • FY 2027 Sales Guidance stood at USD 2.58 billion to USD 2.625 billion, representing 14% to 16% growth over fiscal.
  • Consolidated Same-Store Sales was reported at 4.7%, reflecting broad-based strength across business segments and geographies.

Boot Barn Holdings, Inc. (NYSE:BOOT) is scheduled to report third quarter results on Wednesday, Oct. 28, after the market close. Consensus estimates call for adjusted earnings per share of USD 1.64 on revenue of USD 580.81 million, against a market capitalization of USD 3.46 billion.

In the most recently reported quarter, Net Sales came in at USD 593.5 million, an increase of 17.7% driven by incremental sales from new stores and higher same-store sales. FY 2027 EPS Guidance totaled USD 8.80 to USD 9.23, which includes an estimated USD 0.46 total benefit from tariff refunds.

Retail Store Same-Store Sales and Other Business Trends

Retail Store Same-Store Sales came in at 3.8%, supported by approximately flat transactions and a 3% increase in average unit retail. E-commerce Same-Store Sales totaled 13.4%, fueled by double-digit growth on the company website. Net Income stood at USD 70.1 million, compared to USD 53.4 million in the prior-year period. Earnings Per Diluted Share was reported at USD 2.29, an increase of 32% that included a USD 0.38 benefit from tariff refunds.

What Management Guided

FY 2027 SSS Guidance came in at 2% to 4%, including 1% to 3% for retail stores and 11% to 13% for e-commerce.

New Store Openings and Capital Position

New Store Openings came in at 27 stores, bringing the total count to 566 locations across 49 states at the end of the first quarter. Merchandise Margin totaled 220 basis-point increase, driven by 250 basis points of tariff refunds and 60 basis points of product margin expansion, partially offset by a 90 basis-point freight headwind. Gross Profit Rate stood at 40.4%, up 130 basis points due to higher merchandise margins despite 90 basis points of deleverage in buying, occupancy, and distribution center costs. SG&A Expense was reported at USD 149.4 million, representing 25.2% of sales and reflecting higher store payroll and marketing expenses. Inventory came in at USD 900 million, a 16% total increase to support new store growth and exclusive brands, while same-store inventory rose 1%.

Work Boots and Additional Detail

Work Boots came in at High single-digit growth, marking the fifth consecutive quarter of acceleration for this category. Apparel Growth totaled High single-digit growth in men's and ladies apparel, led by double-digit increases in denim. Ladies Western Boots stood at Mid-single digit decrease, reflecting a moderation while cycling mid-teen comps from the prior year. New Store Economics was reported at USD 3.2 million projected average annual revenue per location with an investment payback period of less than 2 years. July Same-Store Sales came in at Approximately flat through the first four weeks of the second quarter, below internal expectations.

Figures to Follow in the Release

Investors can watch third quarter results against the figures management has already put on record, including the following: FY 2027 Sales Guidance came in at USD 2.58 billion to USD 2.625 billion, representing 14% to 16% growth over fiscal 2026.