Boot Barn Holdings (BOOT) Tops Q1 EPS by 3c, SSS Up 1.3%

Boot Barn Holdings (NYSE: BOOT) reported Q1 EPS of $0.03, $0.03 better than the analyst estimate of $0.00. Revenue for the quarter came in at $139.4 million versus the consensus estimate of $139 million.

GUIDANCE:

Boot Barn Holdings sees Q2 2018 EPS of $0.00-$0.02, versus the consensus of $0.02.

Boot Barn Holdings sees FY 2018 EPS of $0.52-$0.57, versus the consensus of $0.56. SSS expected to be inline with the 1.3% reported in Q1

(emphasis Street Insider) Jim Conroy, Chief Executive Officer, commented, “We are encouraged with our start to fiscal 2018 as sales and earnings per share both exceeded expectations. Same store sales increased 1.3% as low single-digit growth in our physical stores and a strong double-digit gain in our bootbarn.com business more than offset a decline at sheplers.com. We believe our commitment and focus on the store business have helped return us to positive store comps during the quarter, a trend that has carried into the second quarter. Importantly, our stores in oil and gas markets also continued to improve, highlighted by a low single-digit sales increase for our stores in Texas. Meanwhile, we continue to make progress on improving organic search and increasing the site speed at sheplers.com following the technical problems we encountered upon transition of the e-commerce site to a new software platform in February. Despite this temporary setback, we believe an upgraded e-commerce platform was a necessary investment, and will position us well for the next level of omni-channel leadership and contribute to future earnings growth.”

For earnings history and earnings-related data on Boot Barn Holdings (BOOT) click here.

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