Boot Barn Holdings (BOOT) Tops Q4 EPS by 20c, Offers Guidance

Boot Barn Holdings (NYSE: BOOT) reported Q4 EPS of $1.47, $0.20 better than the analyst estimate of $1.27. Revenue for the quarter came in at $383.3 million versus the consensus estimate of $347.84 million.

GUIDANCE:

Boot Barn Holdings sees Q1 2023 EPS of $1.14, versus the consensus of $1.11. Boot Barn Holdings sees Q1 2023 revenue of $367 million, versus the consensus of $355.2 million.

Fiscal Year 2023 Outlook

The Company is providing guidance for what it can reasonably estimate at this time. For the fiscal year ending April 1, 2023 the Company expects:

• To open 40 new stores.
• Same store sales growth of 4.8%.
• Total sales of $1.740 billion.
• Gross profit of $652 million or 37.5% of sales.
• Selling, general and administrative expenses of $386 million or 22.2% of sales.
• Capital expenditures of $87 million.
• Income from operations of $266 million or 15.3% of sales.
• Interest expense of $3 million.
• Effective tax rate of 25.2%.
• Net income of $197 million.
• Net income per diluted share of $6.41 based on 30.7 million weighted average diluted shares outstanding.
• Fiscal year 2023 is a 53-week year and the Company expects to generate approximately $34 million of sales and earn approximately $0.19 per diluted share in the 53rd week, which is included in the above guidance range.

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

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