Boot Barn Holdings IPO Info
Company Name: Boot Barn Holdings
Stock Symbol: BOOT
Exchange: NYSE
Status: Priced
IPO Date: 10/30/2014
IPO Price:
16.00 (
13.75%)
Underwriters
J.P. Morgan Securities LLC, Piper Jaffray & Co., Jefferies LLC, Wells Fargo Securities, LLC and Robert W. Baird & Co
Amount of Offering: N/A
Number of Shares Offered: 5 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Boot Barn is a lifestyle retailer devoted to western and work-related footwear, apparel and accessories in the U.S.
Boot Barn was founded in 1978 and, over the past 36 years, has grown both organically and through successful strategic acquisitions of competing chains. We have rebranded and remerchandised the acquired chains under the Boot Barn banner, resulting in sales and profit increases over their original concepts.
Financial Data
19 consecutive quarters of positive same store sales growth averaging 11.6% per quarter (see the diagram below) and same store sales growth of 6.7% in fiscal 2014;
store base expansion to 155 stores as of June 28, 2014 from 86 stores as of the end of fiscal 2012, with 14 new stores resulting from organic growth and 55 new stores resulting from strategic acquisitions;
an increase in Adjusted EBITDA from $21.7 million to $40.3 million between fiscal 2012 and fiscal 2014, representing a 36.2% CAGR (see "�¢ï¿½ï¿½Summary consolidated
an increase in net sales from $168.7 million to $345.9 million between fiscal 2012 and fiscal 2014, including our e-commerce sales, representing a 43.2% CAGR;financial and other data" for a discussion and reconciliation of Adjusted EBITDA to net income); and
an increase in net income from a net loss of $5.3 million to net income of $5.7 million between fiscal 2012 and fiscal 2014
News Headlines
