Boot Barn v 1. čtvrtletí fiskálního roku 2027 zvýšil marži zboží o 220 bazických bodů díky tarifním refundacím a vyšším produktovým maržím. Firma nyní čeká za celý rok růst asi o 60 bazických bodů bez refundací.
Key Takeaways BOOT's merchandise margin rose 220 basis points, aided by tariff refunds and stronger product margins.Strong work boot demand drove sales and attracted new customers despite lower exclusive-brand penetration.BOOT now expects full-year merchandise margin to expand about 60 basis points, excluding tariff refunds. Boot Barn Holdings, Inc.’s (BOOT - Free Report) merchandise margin delivered better-than-expected results in the first quarter of fiscal 2027, with merchandise margin exceeding guidance. Merchandise margin increased 220 basis points during the quarter, driven by a 250-basis-point benefit from tariff refunds and a 60-basis-point expansion in product margin, partly offset by a 90-basis-point headwind from lapping low freight expense in the prior-year period.
Exclusive brands remain an important contributor to merchandise margin expansion. However, stronger-than-expected performance in the work boots business, particularly across third-party brands, resulted in exclusive-brand penetration coming in below expectations during the quarter. Despite the lower exclusive-brand mix, stronger product margins enabled merchandise margin to outperform expectations.
The continued strength of Boot Barn’s work boots business represents a positive development, reflecting healthy customer demand and driving incremental sales. Management also noted that the category is attracting new customers to the Boot Barn brand while further strengthening its position as a leading destination for work boots. Importantly, despite the modest change in exclusive-brand penetration, management now expects full-year merchandise margin to expand by approximately 60 basis points, excluding tariff refunds.
At the high end of fiscal 2027 guidance, merchandise margin is expected to reach approximately 52.2% of sales, up 130 basis points year over year, supported by tariff refunds, product-margin expansion and freight improvement. For the second quarter of fiscal 2027, management expects 51.8% of sales, up 140 basis points year over year, reflecting freight improvement, tariff refunds and product-margin expansion.
Overall, strength of the work boots business and continued product-margin improvement support Boot Barn’s merchandise-margin outlook. Management also identified buying economies of scale, improved full-price selling, supply-chain efficiencies and sourcing initiatives as additional drivers supporting the full-year merchandise-margin outlook.
Zacks Rundown for BOOTBoot Barn’s shares have lost 4.9% in the past three months compared with the industry’s decline of 9.6%.
Image Source: Zacks Investment Research
From a valuation standpoint, Boot Barn trades at a forward price-to-earnings ratio of 16.21, higher than the industry’s average of 12.73. BOOT presently carries a Zacks Rank #2 (Buy).
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for BOOT’s current and next fiscal-year earnings implies year-over-year rallies of 22.6% and 10.5%, respectively.
Image Source: Zacks Investment Research
Other Stocks to ConsiderSome other top-ranked stocks have been discussed below:
Victoria’s Secret & Co. (VSXY - Free Report) operates as a specialty retailer of women's intimate apparel and other apparel and beauty products worldwide. At present, VSXY carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for VSXY’s current fiscal-year sales and earnings implies growth of 9.2% and 57.3%, respectively, from the year-ago figures. VSXY has delivered a trailing four-quarter earnings surprise of 48.9%, on average.
FIGS, Inc. (FIGS - Free Report) operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. At present, FIGS carries a Zacks Rank of 2.
The Zacks Consensus Estimate for FIGS’s current fiscal-year sales and earnings implies growth of 18.2% and 89.5%, respectively, from the year-ago figures. FIGS has delivered a trailing four-quarter earnings surprise of 201.8%, on average.
Fossil Group, Inc. (FOSL - Free Report) designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. At present, FOSL carries a Zacks Rank of 2.
The Zacks Consensus Estimate for FOSL’s current fiscal-year sales indicates a decline of 4%, while the same for earnings indicates growth of 96.7% from the year-ago figures. FOSL delivered a trailing four-quarter negative earnings surprise of 236.2%, on average.
Boot Barn oznámil páté po sobě jdoucí čtvrtletí růstu prodejů pracovních bot ve vysokých jednotkách procent. Růst podpořily styly Pull-On i Lace-Up, nové značky třetích stran a silnější prodej pracovního oblečení.
Key Takeaways BOOT's work boots delivered high-single-digit comparable sales growth, its strongest pace in several years.Both Pull-On and Lace-Up styles grew, supported by new third-party brands and deeper product investments.Work apparel reached high-single-digit growth in July, with gains spanning both FR and non-FR products. Boot Barn Holdings, Inc. (BOOT - Free Report) reported continued acceleration in its work business following efforts to reinvigorate the category last year. The company improved in-store merchandising, increased its marketing focus on the work business and invested in key third-party brands to strengthen its assortment for work customers. Management cited these initiatives as part of the progress seen in the category.
The work boots business delivered high-single-digit comparable sales growth in the first quarter of fiscal 2027. This marked the fifth consecutive quarter of growth for the category and represented its strongest growth in the past few years. The performance also reflected the continued acceleration management has seen in the work business.
Management said that the high-single-digit growth in work boots was supported by both Pull-On and Lace-Up styles. Lace-Up boots performed more strongly, but growth was not limited to a single product type. Management also noted that the category's performance was not being driven by oil-related demand. New third-party brands and a broader assortment of successful products from existing third-party brands also supported the category.
The work apparel business continued to show improving momentum, with comparable sales strengthening over the last couple of quarters and reaching high-single-digit growth in July. Performance included both Flame Resistant (FR) and non-FR products, which management described as appearing broad-based across the work apparel assortment rather than being driven by a single product category.
Overall, Boot Barn's work category continued to demonstrate positive momentum, supported by changes to merchandising, marketing and product assortment, as well as resilient demand from its needs-based customers. Management also said it expects the strength in its third-party work boots business to continue, although the transcript does not provide a specific forecast for the future growth rate of the overall work category.
Zacks Rundown for BOOTBoot Barn’s shares have lost 8.8% in the past three months compared with the industry’s decline of 6.2%.
Image Source: Zacks Investment Research
From a valuation standpoint, Boot Barn trades at a forward price-to-earnings ratio of 16.29, higher than the industry’s average of 13.20. BOOT presently carries a Zacks Rank #2 (Buy).
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for BOOT’s current and next fiscal-year earnings implies year-over-year rallies of 22.6% and 10.5%, respectively.
Image Source: Zacks Investment Research
Other Stocks to ConsiderSome other top-ranked stocks have been discussed below:
Victoria’s Secret & Co. (VSXY - Free Report) operates as a specialty retailer of women's intimate apparel and other apparel and beauty products worldwide. At present, VSXY sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for VSXY’s current fiscal-year sales and earnings implies growth of 9.2% and 57%, respectively, from the year-ago figures. VSXY has delivered a trailing four-quarter earnings surprise of 81.9%, on average.
FIGS, Inc. (FIGS - Free Report) operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. At present, FIGS carries a Zacks Rank of 2.
The Zacks Consensus Estimate for FIGS’s current fiscal-year sales and earnings implies growth of 18.2% and 89.5%, respectively, from the year-ago figures. FIGS has delivered a trailing four-quarter earnings surprise of 201.8%, on average.
Fossil Group, Inc. (FOSL - Free Report) designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. At present, FOSL carries a Zacks Rank of 2.
The Zacks Consensus Estimate for FOSL’s current fiscal-year sales indicates a decline of 4%, while the same for earnings indicates growth of 96.7% from the year-ago figures. FOSL delivered a trailing four-quarter negative earnings surprise of 236.2%, on average.
Boot Barn ve 1. čtvrtletí fiskálního roku 2027 překonal odhady, když EPS stoupl na 2,29 USD a tržby vzrostly o 17,7 % na 593,5 mil. USD. Firma zároveň zvýšila výhled na celý fiskální rok 2027.
A month has gone by since the last earnings report for Boot Barn (BOOT - Free Report) . Shares have added about 0.8% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Boot Barn due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts.
BOOT Q1 Earnings Beat on Store Growth & Tariff Refunds, View UpBoot Barn Holdings, Inc. reported first-quarter fiscal 2027 results, wherein both top and bottom lines surpassed the Zacks Consensus Estimate and increased year over year. The western and workwear retailer benefited from strong new-store productivity, same-store sales growth, robust e-commerce demand and merchandise margin expansion. Management also raised its fiscal 2027 outlook, reflecting confidence in continued execution despite a softer start to the second quarter.
The quarterly earnings of $2.29 per share beat the Zacks Consensus Estimate of $1.69 and increased 31.6% from $1.74 reported in the year-ago quarter. Net sales rose 17.7% year over year to $593.5 million, surpassing the Zacks Consensus Estimate of $582 million. Sales growth was driven by new-store expansion and positive comparable sales across both retail stores and e-commerce.
Stores and Digital Support Boot Barn's Sales GrowthConsolidated same-store sales increased 4.7% during the quarter. Retail store same-store sales rose 3.8%, supported by a 3% increase in average unit retail, while transactions remained approximately flat. E-commerce same-store sales jumped 13.4%, driven by double-digit growth at bootbarn.com, underscoring continued strength in the company's omnichannel strategy.
Boot Barn opened 27 new stores during the quarter compared with 14 in the prior-year period, ending the quarter with 566 stores across 49 states. Management continues to expect 70 new store openings in fiscal 2027 and reiterated its long-term opportunity to expand to approximately 1,200 U.S. locations. New locations are projected to generate average annual sales of about $3.2 million, with an investment payback period of less than two years.
Across merchandise categories, men's western boots posted mid-single-digit growth, while women's western boots declined at a mid-single-digit rate against difficult prior-year comparisons. Men's and women's apparel increased at a high-single-digit pace, led by double-digit denim growth. Work boots delivered high-single-digit growth, marking the category's fifth consecutive quarter of positive growth, aided by improved merchandising, stronger marketing support and investments in key third-party brands.
Boot Barn Expands Margins on Tariff BenefitsGross profit increased 21.6% to $239.9 million, with the gross margin expanding about 130 basis points to 40.4%. Merchandise margin expanded by 220 basis points, including a 250-basis-point benefit from $14.7 million of tariff refunds and 60 basis points of product-margin expansion. These gains were partly offset by a 90-basis-point freight headwind.
SG&A expenses rose 18.1% to $149.4 million and represented 25.2% of sales, up roughly 10 basis points. Operating income climbed 28% to $90.5 million, while the operating margin expanded to 15.3% from 14% in the prior-year quarter.
BOOT Maintains Financial FlexibilityOperating cash flow rose to $83.8 million from $73.9 million a year earlier. Capital expenditures increased to $51.1 million from $31.5 million as the retailer continued investing in its store base and infrastructure. The company expects capital expenditures, net of estimated landlord-tenant allowances, between $125 million and $130 million for fiscal 2027.
BOOT ended the quarter with $139.3 million in cash and no borrowings under its revolving credit facility. The company repurchased more than 158,451 shares for $25 million during the quarter. It also doubled its revolving credit capacity to $500 million and extended the facility’s maturity to 2031.
Boot Barn Raises Fiscal 2027 OutlookBacked by its better-than-expected first-quarter performance, Boot Barn raised its fiscal 2027 outlook. Management now expects earnings in the range of $8.80-$9.23 per share, up from the previous guidance of $8.21-$8.64, including an estimated 46-cent benefit from tariff refunds.
Total sales are projected to be between $2.580 billion and $2.625 billion, while consolidated same-store sales are expected to increase 2-4% for the year, with retail store same-store sales growth of 1-3% and e-commerce same-store sales growth of 11-13%. The company had earlier total sales in the band of $2.578-$2.623 billion.
The merchandise margin rate is now expected to reach approximately 52.2% of sales, up 130 basis points year over year. The expansion includes 70 basis points from tariff refunds, 50 basis points from product-margin improvement and 10 basis points from lower freight costs. BOOT forecasts gross profit between $993 million and $1,016 million, or approximately 38.5% to 38.7% of sales.
For the second quarter, Boot Barn expects net sales of $572-$582 million, suggesting year-over-year growth of 13-15%. Consolidated same-store sales are projected to range from flat to up 2%, with retail store same-store sales between down 1% and up 1% and e-commerce same-store sales growth of 10% to 12%. Management expects earnings in the range of $1.55-$1.65 per share, including an estimated 6-cent benefit from tariff refunds.
Boot Barn expects second-quarter merchandise margin between $297 million and $302 million, or approximately 51.8% of sales, up 140 basis points year over year. The outlook includes an estimated $2.4 million benefit from tariff refunds. Gross profit is projected in the range of $208-$213 million, implying about 36.3%-36.6% of sales.
Management noted that consolidated same-store sales were approximately flat during the first four weeks of the second quarter. The moderation reflected fewer Western lifestyle stadium events and concerts, along with temporary traffic disruptions tied to World Cup broadcasts. Despite the softer July performance, management said the consumer remained healthy, reaffirmed confidence in its outlook for the balance of the year and maintained that Boot Barn was well positioned to deliver another year of profitable growth.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates revision.
VGM ScoresAt this time, Boot Barn has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Charting a somewhat similar path, the stock has a grade of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Boot Barn has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Butler National prodloužila smlouvu s Kansas Lottery o řízení sportovního sázení v Boot Hill Casino & Resort do roku 2030. Současně Boot Hill a DraftKings prodloužily dohodu o online a mobilním sázení o 10 let.
Extension Continues Boot Hill's Sports Wagering Management Through 2030
, /PRNewswire/ -- Butler National Corporation (OTCQX: BUKS) announces that the Boot Hill Casino & Resort, managed by Butler National subsidiary BHCMC, LLC ("Boot Hill Casino"), executed two agreements extending existing sports wagering contract relationships through 2030.
Butler National received a three-year extension of its Lottery Sports Wagering Management Contract with the Kansas Lottery, which provides for Boot Hill Casino's management of sports wagering operations conducted through the Boot Hill Casino & Resort. In 2022, the State of Kansas authorized Kansas Lottery-owned and operated sports wagering, which is managed by the state's lottery gaming facility managers. The initial sports wager management contract was a five-year agreement. The newly executed extension maintains the same material terms of the original agreement and extends Boot Hill's management of sports wagering through 2030.
In connection with the Kansas Lottery contract extension, Boot Hill Casino and DraftKings have agreed to amend and extend for ten years their sports wagering arrangement, which facilitates online and mobile sports wagering. The extension includes updated commercial terms that reflect current market conditions. The DraftKings agreement is subject to continuing Boot Hill Casino management authority under the agreement with the Kansas Lottery.
Ryan Deutsch, General Manager of Boot Hill Casino & Resort, commented: "We appreciate the Kansas Lottery's continued confidence in Boot Hill Casino & Resort. We are also very pleased to extend our successful relationship with DraftKings. Sports wagering has become an important component of our entertainment offering and continues to attract visitors from across Kansas and neighboring states. This extension provides long-term stability for our sports wagering platform and allows us to continue investing in the guest experience and sportsbook operations."
Deutsch added: "Boot Hill remains focused on driving tourism, entertainment, and economic activity in Southwest Kansas while generating meaningful revenue for the State of Kansas. We are proud of the role our property plays in supporting both objectives."
About Boot Hill Casino & Resort
Boot Hill Casino & Resort, managed by BHCMC, LLC and Butler National Service Corporation, wholly-owned subsidiaries of Butler National Corporation (OTCQX: BUKS), features over 500 electronic gaming machines, 15 table games, a 150-seat casual dining restaurant known as Firesides at Boot Hill, and an attractive DraftKings Sportsbook.
The lottery facility games at Boot Hill Casino & Resort are owned and operated by the Kansas Lottery. The Kansas Racing and Gaming Commission provides regulatory oversight for the casino.
About Butler National Corporation
Butler National Corporation operates in the Aerospace and Professional Services business segments. The Professional Services business segment includes the operations at the Boot Hill Casino & Resort. The Aerospace Products segment includes the design, manufacture, sale and service of structural modifications, design, integration and installation of electronic equipment, systems and technologies that enhance aircraft operations, and the design, manufacture and sale of defense related articles. Additionally, we operate FAA Repair Stations. Companies in Aerospace Products concentrate on products and services for Learjet, Textron Beechcraft, King Air, and Textron Cessna turboprop aircraft. Butler National-Tempe designs and manufactures robust electronic controls and cabling.
Forward-Looking Information
Statements made in this press release, reports, and proxy statements filed with the Securities and Exchange Commission, communications to stockholders and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. Factors that could cause or contribute to such differences, many of which are outside of our control, include, but are not limited to: (i) customer concentration risk; (ii) dependence on government spending; (iii) government shutdown; (iv) industry specific business cycles; (v) regulatory hurdles in the launch of new products; (vi) loss of key personnel, including executive officers; (vii) the geographic location of our casino; (viii) fixed-price contracts; (ix) international sales; (x) changing U.S. trade policy and impacts of tariffs; (xi) need to acquire hangar space for substantial growth; (xii) future acquisitions; (xiii) supply chain and labor issues; (xiv) customer demand; (xv) insurance costs and insufficient insurance for aircraft modifications; (xvi) cyber security threats; (xvii) fraud, theft and cheating at our casino; (xviii) dependence on third-party platforms to offer sports wagering; (xix) outside factors influence the profitability of sports wagering and legacy gaming; (xx) change of control restrictions; (xxi) significant and expensive governmental regulation across our industries; (xxii) U.S. Government action with respect to contracts; (xxiii) failure by the Company or its stockholders to maintain applicable gaming licenses; (xxiv) evolving political and legislative initiatives in gaming; (xxv) extensive and increasing taxation of gaming revenues; (xxvi) changes in regulations of financial reporting; (xxvii) the availability of financing; (xxviii) potential impairment losses; (xxix) marketability restrictions of our common stock; (xxx) the possibility of a reverse-stock split; (xxxi) market competition by larger competitors; (xxxii) acts of terrorism and war; (xxxiii) climate change, inclement weather and natural disasters; (xxxiv) rising inflation; (xxxv) failure of risk management; (xxxvi) effectiveness of internal controls; and (xxxvii) other factors discussed in Item 1A of the Company's Annual Report on Form 10-K and other filings the Company makes with the SEC from time to time. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial condition or business over time, except as expressly required by federal securities laws.
For more information, contact:
Butler National Corporation Investor Relations
(913) 780-9595
Boot Barn v 1. čtvrtletí zvýšil srovnatelné tržby z e-commerce o 13,4 %. Firma čeká růst srovnatelných tržeb z e-commerce o 13 % proti 3% růstu v prodejnách.
Key Takeaways BOOT's comparable e-commerce sales rose 13.4%, driven by double-digit growth on bootbarn.com.Exclusive brand websites are gaining traffic and sales, led by Cody James.BOOT expects 13% e-commerce comp growth, ahead of its 3% retail-store comp outlook. Boot Barn Holdings, Inc. (BOOT - Free Report) delivered strong e-commerce performance in the first quarter, with comparable e-commerce sales increasing 13.4%, driven by double-digit growth on bootbarn.com. The company fulfills a large portion of online orders through its stores, helping enhance merchandise margins while giving customers access to a broader inventory assortment. The strong adoption of buy online, pick up in store and ship-to-store offerings is also driving store traffic, reducing fulfillment costs and enhancing customer engagement through a more seamless shopping experience across digital and physical channels.
The company continues to see strong traction across its exclusive brand websites, with both traffic and sales trending upward. Cody James remains the strongest performer among these sites, supported by its position as the company’s largest brand. Beyond direct sales, the sites are helping strengthen brand storytelling and brand building, with millions of sessions and visitors giving customers greater exposure to brands such as Cheyenne, Cody James and Hawx.
Boot Barn also noted that TikTok Shop continues to gain traction, supporting sales of both the company’s own brands and certain third-party brands. Management remains bullish as the platform continues to grow rapidly in the United States and has become a broad marketplace. The company is also using everyday influencers, including nano creators with fewer than 10,000 followers. Boot Barn is also partnering with different sororities ahead of the upcoming RushTok season.
The company continues to expect same-store sales to increase 4%, including a 3% increase in retail-store comps and 13% growth in e-commerce comps, highlighting stronger expected momentum in the digital channel. Overall, Boot Barn’s digital ecosystem remains an important part of its omnichannel strategy, with e-commerce growth, strong traffic to exclusive-brand sites and integrated digital and physical shopping capabilities supporting the company’s broader customer experience.
Zacks Rundown for BOOTBoot Barn’s shares have gained 15.8% in the past three months compared with the industry’s growth of 2.4%. BOOT presently carries a Zacks Rank #2 (Buy).
Image Source: Zacks Investment Research
From a valuation standpoint, Boot Barn trades at a forward price-to-earnings ratio of 17.23, higher than the industry’s average ratio of 13.51.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for BOOT’s current and next fiscal-year earnings implies year-over-year rallies of 22.6% and 10.5%, respectively.
Image Source: Zacks Investment Research
Other Stocks to ConsiderSome other top-ranked stocks have been discussed below:
FIGS, Inc. (FIGS - Free Report) operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. At present, FIGS carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for FIGS’s current fiscal-year sales and earnings implies growth of 18.2% and 57.9%, respectively, from the year-ago figures. FIGS has delivered a trailing four-quarter earnings surprise of 201.8%, on average.
Victoria’s Secret & Co. (VSXY - Free Report) operates as a specialty retailer of women's intimate apparel and other apparel and beauty products worldwide. At present, VSXY carries a Zacks Rank of 2.
The Zacks Consensus Estimate for VSXY’s current fiscal-year sales and earnings implies growth of 9.1% and 55.7%, respectively, from the year-ago figures. VSXY has delivered a trailing four-quarter earnings surprise of 81.9%, on average.
Fossil Group, Inc. (FOSL - Free Report) designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. At present, FOSL carries a Zacks Rank of 2.
The Zacks Consensus Estimate for FOSL’s current fiscal-year sales indicates a decline of 4%, while the same for earnings indicates growth of 96.7% from the year-ago figures. FOSL delivered a trailing four-quarter negative earnings surprise of 236.2%, on average.
Boot Barn ve 1. čtvrtletí fiskálního roku 2027 zvýšil srovnatelné tržby o 4,7 % a otevřel 27 obchodů, čímž dosáhl 566 prodejen. Firma ve fiskálním roce 2027 čeká růst tržeb o 14 % až 16 % a EPS o 26 %.
Key Takeaways Boot Barn ended Q1 fiscal 2027 with 566 stores and targets about 1,200 U.S. locations over time.BOOT expects fiscal 2027 sales growth of 14%-16% and EPS growth of 26%, supported by expansion.Boot Barn saw same-store sales rise 4.7%, while tariff refunds provided near-term margin support. Boot Barn Holdings, Inc. (BOOT - Free Report) continues to gain from store expansion, healthy comparable sales and rising earnings expectations, but investors must weigh those positives against near-term margin uncertainty, softer July traffic and the fading benefit from tariff refunds.
The investment case centers on whether Boot Barn’s long-term growth opportunity, supported by store whitespace and improving operating execution, can justify the valuation despite temporary earnings tailwinds. Management expects fiscal 2027 sales growth of 14% to 16% and earnings per share growth of 26%, while investors remain focused on how much margin expansion can continue after tariff-related benefits roll off.
BOOT's Store Runway Supports Durable GrowthBoot Barn’s store expansion remains a key driver of its long-term growth strategy. The company ended the first quarter of fiscal 2027 with 566 stores across 49 states after opening 27 locations during the quarter. Management continues to target approximately 1,200 U.S. stores over time, leaving significant room for geographic expansion.
The economics of new stores remain attractive. New locations are expected to generate roughly $3.2 million in first-year sales, require about $1.7 million of total net investment and deliver a payback period of approximately 1.8 years. Management also noted that new stores continue to perform ahead of expectations across the country.
With 70 new store openings planned for fiscal 2027, expansion should remain an important contributor to revenue growth. The company’s fiscal 2027 sales outlook of $2.58 billion to $2.63 billion reflects continued contributions from the expanding footprint.
Boot Barn's Comps Show Broad-Based DemandBoot Barn’s recent sales trends suggest growth is not dependent on store openings alone. First-quarter fiscal 2027 consolidated same-store sales increased 4.7%, including a 3.8% gain in retail store same-store sales and a 13.4% increase in e-commerce same-store sales.
The company benefited from broad category demand. Men’s Western boots posted mid-single-digit growth, men’s and women’s apparel increased at a high-single-digit pace led by denim, and work boots delivered high-single-digit growth for the fifth consecutive quarter. This category diversity reduces reliance on any single merchandise group.
Boot Barn’s omnichannel model is also supporting customer engagement. E-commerce growth was driven by double-digit gains at BootBarn.com, while store-based fulfillment helped expand inventory access and improve the shopping experience across digital and physical channels.
BOOT's Margin Gains Face Temporary TailwindsMargin improvement remains a key earnings driver, although investors need to separate structural gains from temporary benefits. First-quarter merchandise margin expanded 220 basis points, helped by 250 basis points from tariff refunds and 60 basis points of product-margin expansion, partly offset by freight pressures.
Excluding tariff refunds, product margin improved because of better buying economies of scale, discounted inventory purchases, stronger full-price selling and improved assortment execution. Management expects fiscal 2027 merchandise margin to expand approximately 60 basis points excluding refunds.
However, tariff refunds will not provide the same level of support throughout the year. The first quarter included a $14.7 million tariff refund benefit, contributing 38 cents to earnings per share. For fiscal 2027, management expects tariff refunds to add $17.8 million to merchandise margin and approximately 46 cents to earnings per share, with the benefit declining sharply after the first quarter.
At the same time, occupancy costs tied to new-store growth remain a near-term pressure point. Buying, occupancy and distribution center costs deleveraged by 90 basis points in the first quarter, primarily due to expenses associated with store expansion.
Boot Barn's Valuation Balances Growth and RiskBOOT’s valuation reflects expectations for continued earnings growth. The stock trades at a forward P/E multiple of 17.6X, while the company is expected to deliver double-digit sales growth and earnings growth above 20% in fiscal 2027.
Compared with broader apparel and footwear companies such as Levi Strauss & Co. (LEVI - Free Report) and Wolverine World Wide, Inc. (WWW - Free Report) , Boot Barn’s valuation reflects expectations for faster growth, supported by its store expansion opportunity, comparable sales momentum and focus on western and workwear categories.
Management’s outlook calls for fiscal 2027 earnings per share of $9.23, representing 26% growth, supported by merchandise margin expansion, SG&A leverage and continued sales growth.
The valuation debate depends on whether investors view Boot Barn as a retailer with a long runway for expansion or a business facing near-term normalization after unusually favorable margin conditions. Store growth, category momentum and estimate revisions support a premium valuation, while slower traffic trends and temporary tariff benefits could limit upside if execution weakens.
Image Source: Zacks Investment Research
BOOT's Signals Favor Selective OptimismBoot Barn’s Zacks indicators remain favorable. The stock currently carries a Zacks Rank #1 (Strong Buy), with a VGM Score of B, Value Score of B, Growth Score of B and Momentum Score of C. The lower Momentum Score of C indicates that recent share-price trends have been less supportive than the company’s fundamental outlook. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The favorable Zacks Rank reflects improving earnings expectations, while the Style Scores provide additional insight into the stock’s valuation, growth characteristics and recent price trends. Zacks Style Scores are designed to complement the Zacks Rank by evaluating value, growth and momentum factors that can influence stock performance.
For BOOT, the combination of estimate revisions, store expansion and operating momentum supports a constructive view. Still, investors should monitor comparable sales trends, margin performance after tariff refunds fade and the pace of exclusive-brand growth. The company’s growth profile remains attractive, but near-term execution will determine whether the valuation continues to hold.
Boot Barn zvýšil výhled zisku na akcii pro fiskální rok 2027 na 8,80–9,23 USD po lepším výsledku za 1. čtvrtletí. Růst ale podpořily jednorázové vratky cel ve výši 14,7 mil. USD, které přidaly 38 centů na akcii a brzy zmizí.
Key Takeaways Boot Barn raised fiscal 2027 earnings outlook to $8.80-$9.23 per share after Q1 beat.BOOT's first-quarter margin gained from $14.7M tariff refunds, adding 38 cents to EPS.E-commerce comps rose 10.7% as retail comps fell 1.2% in first four weeks of Q2. Boot Barn Holdings, Inc. (BOOT - Free Report) raised its fiscal 2027 earnings outlook after a first-quarter beat, but the quality of that increase matters. Tariff refunds supplied a large, temporary margin lift that will largely disappear after the second quarter.
The outlook can still hold if new stores remain productive, underlying product margins keep improving and e-commerce demand offsets softer store traffic. July’s slowdown makes those operating drivers more important.
BOOT's First-Quarter Beat Reset Fiscal 2027First-quarter earnings of $2.29 per share topped the Zacks Consensus Estimate of $1.69 by 35.5% and increased 31.6% year over year. Sales advanced 17.7% to $593.5 million, 2% above the consensus mark, as new stores and positive comparable sales supported growth.
Management raised fiscal 2027 earnings guidance to $8.80-$9.23 per share from $8.21-$8.64. Total sales are projected at $2.58-$2.63 billion, with 70 store openings expected to support 14-16% sales growth.
Boot Barn's Tariff Refund Boost Will FadeThe first-quarter merchandise margin included a 250-basis-point benefit from $14.7 million of tariff refunds. The refunds added 38 cents to quarterly earnings per share, making them a meaningful contributor to the reported gain.
That benefit drops to an expected $2.4 million, or 6 cents per share, in the second quarter and $0.7 million, or 2 cents, in the third. No refund benefit is expected in the fourth quarter, so later-period earnings will depend more heavily on normal product economics and expense control.
BOOT's Core Product Margins Are ImprovingExcluding refunds, first-quarter product margin expanded 60 basis points. Scale benefits, discounted inventory purchases, better full-price selling and assortment execution supported the improvement, even as freight created a 90-basis-point headwind.
Management expects merchandise margin to continue improving and projects about 60 basis points of expansion excluding refunds for fiscal 2027. That forecast is central to the raised outlook because exclusive-brand penetration is expected to remain roughly flat or slightly lower.
Peer context shows why execution matters. Deckers Outdoor Corporation (DECK - Free Report) manages footwear and lifestyle brands including HOKA, UGG and Teva, while Wolverine World Wide, Inc. (WWW - Free Report) operates brands such as Merrell and Saucony. Both compete for consumer attention across footwear and apparel categories.
Boot Barn's July Traffic Tests the OutlookConsolidated same-store sales were flat during the first four weeks of the second quarter. Retail store comparable sales declined 1.2%, while e-commerce comparable sales increased 10.7%, preserving a clear digital growth advantage.
The early-quarter pace trails the full-year target for 2-4% consolidated comparable-sales growth. Management attributed the slowdown partly to fewer western lifestyle events, concerts and traffic disruption tied to World Cup broadcasts, but sustained weakness would pressure occupancy leverage as new stores open.
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BOOT's Earnings Signals Still Lean PositiveThe raised outlook remains achievable, but the margin mix must shift from refunds to repeatable operating gains. Product-margin improvement, new-store productivity and double-digit digital growth can support the plan, while traffic and occupancy costs are the clearest near-term tests.
BOOT currently carries a Zacks Rank #1 (Strong Buy). The Growth Score of B, Value Score of B and VGM Score of B complement that rank, while the Momentum Score of C signals less favorable price-based timing than the company’s earnings and valuation characteristics. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for fiscal 2027 earnings rose 7.3% over the past four weeks, reinforcing the positive revision trend behind the rank. Investors should still watch post-refund earnings quality, retail traffic and expansion-related costs before assuming the first-quarter pace will persist.
Boot Barn (BOOT - Free Report) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.74 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +35.50%. A quarter ago, it was expected that this Western apparel and footwear retailer would post earnings of $1.43 per share when it actually produced earnings of $1.45, delivering a surprise of +1.4%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Boot Barn, which belongs to the Zacks Retail - Apparel and Shoes industry, posted revenues of $593.52 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.99%. This compares to year-ago revenues of $504.07 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Boot Barn shares have lost about 10.1% since the beginning of the year versus the S&P 500's gain of 8.5%.
What's Next for Boot Barn?While Boot Barn has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Boot Barn was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.68 on $596.53 million in revenues for the coming quarter and $8.56 on $2.61 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Apparel and Shoes is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Canada Goose (GOOS - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.
This high-end coat maker is expected to post quarterly loss of $0.63 per share in its upcoming report, which represents a year-over-year change of +4.6%. The consensus EPS estimate for the quarter has been revised 8.3% higher over the last 30 days to the current level.
Canada Goose's revenues are expected to be $80.3 million, up 3.1% from the year-ago quarter.
Boot Barn ve 4. čtvrtletí fiskálního roku 2026 zvýšil srovnatelné tržby z e-commerce o 14,1 %, zatímco srovnatelné tržby v prodejnách vzrostly o 6,1 %. Firma čeká pro fiskální rok 2027 růst srovnatelných tržeb z e-commerce o 13 %.
Key Takeaways Boot Barn's e-commerce comparable sales rose 14.1% in fiscal 2026 Q4, outpacing same-store sales growth.BOOT's exclusive-brand websites for Cheyenne and CLEO & WOLF enhance product discovery & attract new shoppers.Boot Barn expects 13% e-commerce comparable sales growth in fiscal 2027 from digital investments. Boot Barn Holdings, Inc.’s (BOOT - Free Report) omnichannel strategy remains a key growth driver in the fourth quarter of fiscal 2026, reflecting the company's continued investments in digital capabilities, exclusive brands and customer engagement. While consolidated same-store sales increased 6.1%, e-commerce comparable sales surged 14.1%, led by double-digit growth on BootBarn.com. Management believes its integrated omnichannel model is expanding customer reach while strengthening the brand's long-term competitive position.
A major pillar of the company's strategy is the expansion of its exclusive brands through dedicated digital platforms. During the quarter, Boot Barn launched standalone websites for Cheyenne and CLEO & WOLF, following the earlier launches of Cody James and Hawx. These platforms enhance brand storytelling, improve product discovery and position the exclusive labels as standalone brands. Management said the new websites have delivered encouraging early results while helping attract new customers to the Boot Barn ecosystem.
The retailer is also leveraging artificial intelligence to strengthen its omnichannel capabilities. Artificial intelligence (AI) is being used to drive incremental traffic across online and physical stores, enhance the customer experience, improve operating efficiency and allow employees to focus on higher-value activities. Meanwhile, balanced marketing investments across stores and e-commerce support customer acquisition, contributing to a 12.5% increase in the active loyalty database to 10.8 million members in fiscal 2026.
Management highlighted that approximately 70% of shoppers purchasing through its exclusive-brand websites are entirely new customers, with many later converting into Boot Barn shoppers. Social media platforms, particularly Meta and TikTok, have been instrumental in driving this discovery through targeted marketing.
Boot Barn expects e-commerce comparable sales to increase 13% in fiscal 2027, supported by continued investments in AI, digital marketing and exclusive-brand expansion, reinforcing its omnichannel as a key pillar of its long-term growth strategy.
Boot Barn’s Price Performance, Valuation & EstimatesShares of Boot Barn have lost 8.8% over the past year against the industry’s 1.8% growth.
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From a valuation standpoint, BOOT trades at a trailing price-to-sales ratio of 2.10X, above the industry’s average of 1.46X. It has a Value Score of B.
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The Zacks Consensus Estimate for Boot Barn’s fiscal 2027 earnings implies year-over-year growth of 16.3%, while the same for fiscal 2028 indicates an uptick of 15.6%. Estimates for fiscal 2027 and 2028 have remained unchanged over the past 30 days.
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Boot Barn currently carries a Zacks Rank #2 (Buy).
Other Key PicksGenesco Inc. (GCO - Free Report) is a Nashville-based specialty retailer and branded company. It sells footwear and accessories through retail stores. The company flaunts a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Genesco’s current fiscal-year earnings indicates growth of 55.2% from the year-ago actuals. GCO delivered a trailing four-quarter average earnings surprise of 3.8%.
Designer Brands Inc. (DBI - Free Report) designs, produces and retails footwear and accessories. It offers shoes, boots, sandals, sneakers, socks, handbags and accessories. It currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Designer Brands’ current fiscal-year earnings and sales suggests growth of 137.5% and 0.5%, respectively, from the year-ago actuals. DBI delivered a trailing four-quarter average earnings surprise of 112.8%.
Tapestry, Inc. (TPR - Free Report) is the designer and marketer of fine accessories and gifts for women and men in the United States and internationally. The company also holds a Zacks Rank #2 at present.
The Zacks Consensus Estimate for Tapestry’s current fiscal-year earnings and sales indicates growth of 36.5% and 13.9%, respectively, from the year-ago actuals. TPR delivered a trailing four-quarter average earnings surprise of 15.6%.
Boot Barn ve fiskálním roce 2026 zvýšil srovnatelné tržby o 7,2 % a plánuje otevřít 70 nových prodejen v roce 2027. Firma očekává růst tržeb o 14–16 %.
Key Takeaways Boot Barn is using stores, exclusive brands and digital growth to support a balanced expansion model.Fiscal 2026 comps rose 7.2%, with retail stores up 6.2% and e-commerce sales increasing 15.3%.BOOT plans 70 store openings in fiscal 2027, supporting expected sales growth of 14-16%. Boot Barn Holdings, Inc. (BOOT - Free Report) is leaning on a balanced growth model that combines store expansion, category depth, exclusive brands and digital execution.
For investors, the question is whether those strengths can keep driving sales while near-term margin pressure from occupancy, freight and expansion costs remains part of the story.
Boot Barn Demand Drivers Still Look BroadBoot Barn’s demand base is not tied to a single trend. The company serves western lifestyle and workwear customers across footwear, apparel, hats, accessories and related categories, giving it a broader retail position than a narrow fashion concept.
Fiscal 2026 same-store sales increased 7.2%, with retail stores up 6.2% and e-commerce up 15.3%. Fourth-quarter comps rose 6.1%, helped by higher transaction count and average unit retail, with strength across men’s western boots, ladies’ western boots, apparel and denim.
The durability signal is also meaningful. Many of Boot Barn’s top-selling styles have been in the assortment for more than five years, which lowers fashion-cycle risk and supports a steadier core merchandise base.
For comparison, Tractor Supply Company (TSCO - Free Report) gives investors another rural and work-related retail reference point. Deckers Outdoor Corporation (DECK - Free Report) is a relevant footwear and lifestyle-brand peer when assessing how branded product identity can shape consumer demand.
BOOT Store Expansion Is Still the Main EngineStores remain central to Boot Barn’s long-term thesis. The company ended fiscal 2026 with 539 stores across 49 states, while management believes the United States can support about 1,200 locations over time.
New-store economics remain attractive. Boot Barn targets roughly $3.2 million in first-year sales on about $1.7 million of total net investment, with a payback period of about 1.8 years.
The store base has already reshaped the company. Boot Barn opened 267 stores over the past five years, effectively doubling its chain, and those locations contributed more than $750 million of fiscal 2026 revenues.
The company opened 80 stores in fiscal 2026 and plans 70 openings in fiscal 2027. That expansion is expected to help support fiscal 2027 sales growth of 14-16%.
Boot Barn Brands Add Margin and IdentityExclusive brands are becoming a larger part of the Boot Barn model. Their penetration rose 220 basis points in fiscal 2026 to 40.8% of sales.
That shift matters because in-house labels do more than broaden product choice. Brands such as Cody James, Shyanne, Hawx and Cleo + Wolf help Boot Barn address specific customer needs while differentiating its assortment from retailers that rely more heavily on third-party labels.
Exclusive brands also support the margin story. Merchandise margin expanded 80 basis points in fiscal 2026, helped by buying scale, supply-chain efficiencies and higher exclusive brand penetration.
Management expects exclusive brand penetration to reach 41.3% in fiscal 2027 and continues to target 50% over time. That provides a longer-term path to product differentiation and profitability support.
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BOOT Digital Strategy Expands ReachBoot Barn’s digital strategy is designed to reinforce the physical fleet, not replace it. Stores still generated about 90% of fiscal 2026 sales, while e-commerce represented about 10%.
Website visits exceeded 164 million in fiscal 2026, up from more than 114 million in fiscal 2025. In the fourth quarter, e-commerce same-store sales increased 14.1%, faster than the retail store comp gain.
Omnichannel services add convenience across channels. Boot Barn supports buy online, pick up in store, curbside pickup, ship-from-store and in-store returns, tying digital traffic back to the store base.
The company is also investing in dedicated brand sites and artificial intelligence tools, including Range Finder and a piloted in-store consumer AI solution. Fiscal 2027 guidance calls for e-commerce same-store sales growth of 11-13%.
Boot Barn Signals Point to Growth With CautionThe bottom line is that Boot Barn still has several credible growth levers, led by stores, resilient categories, exclusive brands and digital reach. The caution is that faster expansion is also adding near-term cost pressure.
Gross margin declined 80 basis points in the fourth quarter of fiscal 2026. For the first quarter of fiscal 2027, management expects gross margin of 37.1-37.3%, down from 39.1% a year earlier, reflecting freight and occupancy headwinds.
BOOT currently carries a Zacks Rank #3 (Hold). That rank suggests a more balanced near-term setup rather than a clear positive or negative earnings-revision signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The stock also has a VGM Score of A, with a Growth Score of A and Momentum Score of A, but a Value Score of C. That mix supports the view that operating momentum remains visible, while investors should stay alert to valuation and margin pressure.
