Boot Barn (BOOT) PT Lowered to $90 at BTIG

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Go back to Boot Barn (BOOT) PT Lowered to $90 at BTIG

Boot Barn (BOOT) drops 15% after slashing guidance; Analysts lower numbers

May 18, 2023 6:55 AM EDT

Boot Barn Holdings (NYSE: BOOT) shares fell 14% after the western and workwear retailer slashed its full-year guidance.

The company reported EPS of $1.51 on revenue of $425.7 million for its fourth fiscal quarter, which compares to the average analyst estimate for earnings of $1.46 on revenue of $442.5M.

We experienced double-digit total sales growth while expanding product margin for the 7th consecutive year. While our e-commerce business faced top-line sales pressure, our stores... More