Boot Barn Holdings (NYSE: BOOT) reported Q1 EPS of $0.11, versus $0.06 reported last year. Revenue for the quarter came in at $96 million, versus $82.5 million reported last year.

Jim Conroy, Chief Executive Officer, commented, “We achieved a great start to the fiscal year with strong first quarter results as a result of solid execution across our growth initiatives. Double digit net sales growth was driven by the contribution from new stores as well as our 23rd consecutive quarterly increase in same store sales. We also saw a healthy improvement in merchandise margins year-over-year, achieved growth in adjusted operating income of 23.6% and more than doubled our net income on a pro forma adjusted basis. Finally, we were able to achieve expense leverage with adjusted income from operations improving 35 basis points versus last year.”

Mr. Conroy continued, “Subsequent to the end of the first quarter, we completed the acquisition of Sheplers. We have been working very closely with the Sheplers team and are pleased to report that the integration is off to a very strong start and that we are executing according to our plan. We continue to expect the acquisition to be accretive in the current fiscal year, excluding one-time acquisition and integration costs.”

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