Overview

* Boot Barn fiscal Q1 2026 net sales rise 19.1%, beating analyst expectations, per LSEG data

* Net income for fiscal Q1 2026 increases to $53.4 mln, EPS at $1.74

* Company opens 14 new stores, contributing to sales growth

Outlook

* Boot Barn ( BOOT ) expects fiscal year sales of $2.100 bln to $2.180 bln

* Company anticipates opening 65 to 70 new stores this fiscal year

* Boot Barn ( BOOT ) projects Q2 sales growth of 14% to 16% year-over-year

* Company forecasts Q2 same store sales growth of 4.5% to 6.5%

Result Drivers

* NEW STORE OPENINGS - 14 new stores opened, contributing to 19.1% net sales growth

* SAME-STORE SALES - 9.4% increase in same-store sales, with retail and e-commerce channels both showing growth

* MERCHANDISE MARGIN - Improved buying economies and lower freight costs led to a 210 basis-point increase in gross profit margin

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Sales Beat $504.10 $494.50

mln mln (15

Analysts

)

Q1 EPS $1.74

Q1 Net $53.40

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 2 "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 $190.00, about 6.9% above its July 30 closing price of $176.82

* The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

(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.)