Boot Barn Exceeds Q1 Expectations with Strong Revenue and EPS Growth
Boot Barn Holdings (NYSE:BOOT) reported first-quarter fiscal 2027 results that exceeded expectations, driven by an 18% revenue increase to $594 million and a 32% rise in diluted earnings per share to $2.29 year-over-year. The growth was supported by the opening of 27 new stores, strong e-commerce performance (up 13.4%), and high-single-digit gains in Work boots and apparel. Despite flat comparable sales during the first four weeks of Q2 due to weaker July traffic—particularly affecting women's Western categories—the company maintained a positive outlook for the quarter with projected revenue of $582 million and EPS of $1.65. Boot Barn also raised its full-year fiscal 2027 guidance, now expecting sales of $2.6 billion and diluted EPS of $9.23. The retailer remains on track to open 70 new stores in the year ahead and ended Q1 with a strong balance sheet, including $139 million in cash and no revolver borrowings.
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