Boot Barn Holdings (BOOT) Reports Q1 EPS of $0.12

Boot Barn Holdings (NYSE: BOOT) reported Q1 EPS of $0.12, versus $0.09 last year. Revenue for the quarter came in at $163 million, versus $149.47 reported last year.

Sees FY 2018 EPS of $0.52 to $0.57.

Fiscal Year 2018 Outlook

For the fiscal year ending March 31, 2018 the Company expects:

• To open 12 new stores.
• Flat to slightly positive consolidated same store sales growth.
• Income from operations between $37.8 million and $40.0 million.
• Net income of $14.0 million to $15.4 million.
• Net income per diluted share of $0.52 to $0.57 based on 27.1 million weighted average diluted shares outstanding. The Company estimates that $0.03 of the $0.55 adjusted net income per diluted share in fiscal year 2017 relates to the 53rd week. Therefore, fiscal year 2018 net income per diluted share will compare to $0.52 adjusted net income per diluted share in fiscal year 2017.

Highlights

• Net sales increased 9.1% to $163.0 million;
• Consolidated same store sales declined 0.9%;
• GAAP net income was $2.6 million, or $0.10 per diluted share, compared to $1.0 million, or $0.04 per diluted share in the prior-year period. Adjusted net income was $3.3 million, or $0.12 per diluted share, compared to adjusted net income of $2.5 million, or $0.09 per diluted share in the prior-year period;
• Two new stores were opened.

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

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