Boot Barn Holdings, Inc. Provides Earning Guidance for the Second Quarter Ending September 24, 2022 and for the Fiscal Year Ending April 1, 2023
July 27, 2022 at 04:10 pm EDT
Share
Boot Barn Holdings, Inc. provided earning guidance for the second quarter ending September 24, 2022 and for the fiscal year ending April 1, 2023. For the quarter, the company expected total sales of $339 million to $346 million, with same store sales of approximately flat. Net income per diluted share of $0.87 to $0.93 based on 30.4 million weighted average diluted shares outstanding.
For the year, the company expected total sales of $1.68 billion to $1.70 billion, representing growth of 12.9% to 14.2% over the prior year. Same store sales range of approximately flat to 2.0%. Income from operations between $247 million and $255 million. Net income of $182.7 million to $188.6 million. Net income per diluted share of $6.00 to $6.20 based on 30.5 million weighted average diluted shares outstanding.
Boot Barn Holdings, Inc. is a lifestyle retailer of western and work-related footwear, apparel, and accessories in the United States. The Company operates through two segments: retail stores and e-commerce. The retail segment is a specialty retail store that sells western and work boots and related apparel and accessories. Its e-commerce segment sells its merchandise via the Internet. The Company carries an assortment of denim, western shirts, cowboy hats, belts and belt buckles, western-style jewelry, and accessories. The western assortment includes various brands, such as Ariat, Cinch, Cody James, Corral, Dan Post, Durango, El Dorado, Idyllwind, Justin, Laredo, Lucchese, Miss Me, Montana Silversmiths, Moonshine Spirit, Shyanne, Stetson, Tony Lama, Twisted X, Resistol and Wrangler. The work assortment includes rugged footwear, outerwear, overalls, denim, and shirts. Its other brand includes Dickies, Carhartt, Wolverine, and Hawx. It operates approximately 403 stores in 45 states.
BOOT BARN HOLDINGS, INC. 
