Boot Barn Holdings, Inc. Provides Earnings Guidance for the Second Quarter Ending September 30, 2023 and Full Year of 2024
August 02, 2023 at 04:10 pm EDT
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Boot Barn Holdings, Inc. provided earnings guidance for the second quarter ending September 30, 2023 and full year of 2024. For the second quarter, the company expects Total sales of $372 million to $379 million, representing growth of 5.8% to 7.8% over the prior year. Income from operations between $35.4 million and $37.8 million. This represents approximately 9.5% to 10.0% of sales. Net income per diluted share of $0.84 to $0.90 based on 30.6 million weighted average diluted shares outstanding.
For Full year 2024, the company expects Total sales of $1.715 billion to $1.748 billion, representing growth of 3.5% to 5.5% over the prior year, which was a 53-week year. Income from operations between $210.4 million and $222.8 million. This represents approximately 12.3% to 12.7% of sales. Net income of $154.2 million to $163.4 million. Net income per diluted share of $5.05 to $5.35 based on 30.6 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 345 stores in 43 states.