Boot Barn Preliminary Q3 Revenue Of ~$608.2M, Up 16.9% YoY; Same Store Sales Growth Of ~8.6%; Retail Store Same Store Sales Growth Of ~8.2%; e-Commerce Same Store Sales Growth Of ~11.1%; EPS Of ~$2.43

Author: Benzinga Newsdesk | January 10, 2025 05:34pm

Boot Barn Holdings, Inc. (NYSE:BOOT) (the "Company," "we," "us," and "our") today announced preliminary results for the third quarter of fiscal year 2025 ended December 28, 2024 in advance of its participation in the ICR Conference on Monday, January 13, 2025. A Supplemental Financial Presentation is available at investor.bootbarn.com.

Preliminary Results for the Third Quarter of Fiscal Year 2025

For the third quarter ended December 28, 2024, the Company expects to report:

• Net sales of approximately $608.2 million, representing growth of 16.9% over the prior year.
• Same store sales growth of approximately 8.6%, with retail store same store sales growth of approximately 8.2% and e-commerce same store sales growth of approximately 11.1%.
• Income from operations of approximately $99.5 million compared to $75.1 million in the prior-year period. Included in income from operations is a net benefit of $6.7 million related to the Chief Executive Officer ("CEO") transition. This benefit primarily relates to the forfeiture of unvested long-term equity incentive compensation and reversal of fiscal 2025 cash incentive bonus expense for the Company's former CEO. These expenses were not deductible for income taxes.
• Net income per diluted share of approximately $2.43 based on 30.9 million weighted average diluted shares outstanding and a 24.3% effective tax rate, compared to net income per diluted share of $1.81 in the prior-year period. Included in net income per diluted share is an estimated $0.22 benefit related to the CEO transition.
• The Company opened 13 new stores in the third quarter, or 39 stores year-to-date, bringing its total store count to 438.

Posted In: BOOT