Boot Barn Holdings (BOOT) Misses Q3 EPS by 1c

Boot Barn Holdings (NYSE: BOOT) reported Q3 EPS of $0.81, $0.01 worse than the analyst estimate of $0.82. Revenue for the quarter came in at $284 million versus the consensus estimate of $282.41 million.

Jim Conroy, Chief Executive Officer, commented, “Our third quarter results reflect continued focus on our key strategic initiatives. Consolidated same store sales increased for the 11th consecutive quarter with healthy growth in both customer count and transaction size. We continue to experience nice gains in the business due to effective marketing, compelling merchandise assortments, and great selling and service in the stores. During the quarter, we expanded our physical footprint with the opening of three new stores and are on pace to meet our annual target of 10% unit growth this fiscal year. Importantly, we are converting our top-line success into significant bottom line improvement thanks to enhanced merchandise margin and operating expense leverage. The high level of execution across the organization has us well positioned to deliver a solid finish to fiscal 2020 and carry our momentum into next year.”

GUIDANCE:

Boot Barn Holdings sees FY2020 EPS of $1.81-$1.83, versus the consensus of $1.82.

For earnings history and earnings-related data on Boot Barn Holdings (BOOT) click here.

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