Boot Barn Holdings (BOOT) Tops Q4 EPS by 28c

Boot Barn Holdings (NYSE: BOOT) reported Q4 EPS of $0.75, $0.28 better than the analyst estimate of $0.47. Revenue for the quarter came in at $258.9 million versus the consensus estimate of $232.86 million.

Jim Conroy, Chief Executive Officer, commented, “I am extremely pleased with the strong finish to fiscal 2021. The pace of our business has been accelerating throughout the year, which along with a recent boost from government stimulus, culminated in record fourth quarter and fiscal year results. Our merchandise, marketing and omni-channel initiatives drove better full-priced selling, fueling margin expansion and solid profitability. At the same time, we increased our store footprint in existing and new geographies, bringing the full Boot Barn experience to a wider consumer audience.”

Mr. Conroy continued, “I am very proud of the entire Boot Barn team, and particularly the stores organization, who have demonstrated incredible resolve throughout the pandemic and have served our customers on the frontline every day. The circumstances of the past year have highlighted the strengths of our business model, enhanced our operational capabilities, and fortified our leadership position in the industry. The combination of solid execution across the organization and macro tailwinds has created tremendously strong topline sales growth in the first six weeks of fiscal 2022. We believe we have started the year with great momentum and sound strategies in place to capitalize on the numerous growth opportunities we believe exist for Boot Barn over the near and long term.”

GUIDANCE:

The Company is not providing complete full-year fiscal 2022 guidance, but is providing the following outlook for the full fiscal year:

• 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.

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

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