Overview

* Boot Barn ( BOOT ) fiscal Q2 net sales grow 18.7%, beating analyst expectations

* Net income for fiscal Q2 rises to $42.2 mln, EPS at $1.37

* Company announces increased store count potential of 1,200 stores

Outlook

* Boot Barn ( BOOT ) expects FY 2026 sales of $2.197 bln to $2.235 bln

* Company plans to open 70 new stores in FY 2026

* Boot Barn ( BOOT ) sees Q3 sales of $688 mln to $700 mln

Result Drivers

* SAME-STORE SALES GROWTH - Boot Barn ( BOOT ) reported an 8.4% increase in consolidated same-store sales, with retail store sales up 7.8% and e-commerce sales up 14.4%

* MERCHANDISE MARGIN EXPANSION - Co expanded merchandise margin by 80 basis points, contributing to a 41% improvement in operating income

* EXPANDED MARKET POTENTIAL - Updated market analysis shows potential for 1,200 stores, up from 900, reflecting a larger total addressable market

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $505.40 $494.24

mln mln (15

Analysts

)

Q2 EPS $1.37

Q2 Net $42.2

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the apparel & accessories retailers peer group is "buy"

* Wall Street's median 12-month price target for Boot Barn Holdings Inc ( BOOT ) is $218.00, about 8.9% above its October 28 closing price of $198.53

* The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)