05:33 AM EDT, 05/15/2024 (MT Newswires) -- (Updates with the recent stock move in the headline and the first paragraph.)

Boot Barn Holdings ( BOOT ) shares dropped more than 5% in Wednesday's premarket activity after the company reported lower fiscal Q4 earnings and sales.

The company reported fiscal Q4 net income Tuesday of $0.96 per diluted share, down from $1.53 a year earlier.

Analysts polled by Capital IQ expected EPS of $0.89.

Net sales in the quarter ended March 30 fell to $388.5 million from $425.7 million a year earlier.

Analysts surveyed by Capital IQ expected $385 million.

In fiscal Q1, the company expects net income per share of $0.94 to $1 on sales of $399 million to $407 million. Analysts polled by Capital IQ expect EPS of $1.11 on revenue of $398.8 million.

In fiscal 2025, Boot Barn ( BOOT ) forecasts net income per share of $4.55 to $4.85 on sales of $1.77 billion to $1.8 billion. Analysts polled by Capital IQ expect EPS of $5.18 on revenue of $1.83 billion.

Price: 101.00, Change: -6.03, Percent Change: -5.63