Boot Barn Holdings (BOOT) BOOT quarter Financial Results Summary
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Boot Barn Holdings, Inc. (BOOT) Q4 2026 Financial Results Summary
Boot Barn Holdings, Inc. (NYSE: BOOT) released its financial results for the fourth fiscal quarter and fiscal year ended March 28, 2026, on May 14, 2026. Below is a summary of the key metrics and highlights from the report.
Q4 2026 Financial Highlights vs. Q4 2025
- Net Sales: Increased 18.7% to $538.8 million, up from $453.7 million.
- Same Store Sales:
- Consolidated same store sales grew by 6.1%.
- Retail store same store sales rose 5.2%.
- E-commerce same store sales surged 14.1%.
- Net Income:
- Reported at $44.4 million, or $1.45 per diluted share, compared to $37.5 million, or $1.22 per diluted share in Q4 2025.
- New Store Openings: The company opened 25 new stores, bringing the total to 539 stores.
- Gross Profit: Improved to $195.7 million, although gross profit margin decreased to 36.3% from 37.1% a year prior due to higher occupancy costs.
- SG&A Expenses: Increased to $138.5 million (representing 25.7% of net sales), compared to $118.9 million (or 26.2% of net sales) in the same period last year.
- Income from Operations: Increased to $57.2 million, representing 10.6% of net sales.
- Effective Tax Rate: Decreased to 22.9%, compared to 24.8% in the prior year.
Fiscal Year 2026 Financial Highlights vs. Fiscal Year 2025
- Net Sales: Increased 17.9% to $2.254 billion, up from $1.911 billion.
- Same Store Sales:
- Consolidated same store sales increased by 7.2%.
- Retail store same store sales grew 6.2%.
- E-commerce same store sales increased 15.3%.
- Net Income:
- Reported at $225.9 million, or $7.35 per diluted share, compared to $180.9 million, or $5.88 per diluted share in Fiscal 2025.
- Gross Profit: Increased to $858.4 million, with a gross profit margin of 38.1%, compared to 37.5% in the prior fiscal year.
- SG&A Expenses: Rose to $559.2 million, or 24.8% of net sales, compared to $477.7 million, or 25.0% of net sales in Fiscal 2025.
- Income from Operations: Up by $59.8 million to $299.1 million, representing 13.3% of net sales.
- Effective Tax Rate: Increased to 24.9%, compared to 24.6% in Fiscal 2025.
Stock Repurchase and Dividends
- Share Repurchase Program: The Company repurchased 68,472 shares for an aggregate price of $12.5 million during Q4 2026, and 286,504 shares for $50.0 million during Fiscal 2026 under its $200 million authorized program.
- Dividend Declaration: No quarterly dividend was declared during this period.
Balance Sheet Highlights as of March 28, 2026
- Cash and Cash Equivalents: $141 million.
- Total Assets: $2.450 billion.
- Total Liabilities: Approximately $1.131 billion.
- Stockholders' Equity: $1.319 billion, showing strong shareholder value.
Fiscal Year 2027 Outlook
- Store Openings: Expected to open 70 new stores.
- Sales Guidance: Estimated to range between $2.578 billion and $2.623 billion, representing growth of 14% to 16%.
- Same Store Sales Growth: Projected between 2.0% to 4.0%.
- Net Income Projections: Expected to range from $251.1 million to $264.5 million.
Boot Barn's performance in Q4 of 2026 and the full fiscal year reflects continued growth and a strong business foundation, positioning the company for further expansion and shareholder value creation in the upcoming fiscal year.
Boot Barn Holdings, Inc. Consolidated Statements of Operations (In thousands, except per share data) (Unaudited)
Note: All amounts are in thousands.
| Thirteen Weeks Ended March 28, 2026 | Thirteen Weeks Ended March 29, 2025 | Fifty-Two Weeks Ended March 28, 2026 | Fifty-Two Weeks Ended March 29, 2025 | |
|---|---|---|---|---|
| Net sales | $538,753 | $453,749 | $2,253,848 | $1,911,121 |
| Cost of goods sold | $343,008 | $285,187 | $1,395,493 | $1,194,059 |
| Gross profit | $195,745 | $168,562 | $858,355 | $717,038 |
| Selling, general and administrative expenses | $138,524 | $118,875 | $559,210 | $477,686 |
| Income from operations | $57,221 | $49,687 | $299,145 | $239,352 |
| Interest expense | $346 | $346 | $1,527 | $1,497 |
| Other income, net | $749 | $607 | $2,971 | $2,262 |
| Net income | $57,624 | $49,948 | $300,589 | $240,117 |
| Income tax expense | $13,184 | $12,409 | $74,709 | $59,175 |
| Earnings per share: | ||||
| Basic | $1.46 | $1.23 | $7.40 | $5.93 |
| Diluted | $1.45 | $1.22 | $7.35 | $5.88 |
| Weighted average shares outstanding | ||||
| Basic | 30,414 | 30,593 | 30,505 | 30,524 |
| Diluted | 30,716 | 30,771 | 30,735 | 30,773 |
Boot Barn Holdings, Inc. Consolidated Balance Sheets (In thousands, except per share data) (Unaudited)
Note: All amounts are in thousands.
| March 28, 2026 | March 29, 2025 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $141,036 | $69,770 |
| Accounts receivable, net | $15,264 | $10,263 |
| Inventories | $844,637 | $747,191 |
| Prepaid expenses and other current assets | $33,462 | $36,736 |
| Total current assets | $1,034,399 | $863,960 |
| Property and equipment, net | $514,108 | $422,079 |
| Right-of-use assets, net | $638,425 | $469,461 |
| Goodwill | $197,502 | $197,502 |
| Intangible assets, net | $58,981 | $58,677 |
| Other assets | $6,660 | $6,342 |
| Total assets | $2,450,075 | $2,018,021 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $142,126 | $134,450 |
| Accrued expenses and other current liabilities | $159,103 | $146,038 |
| Short-term lease liabilities | $89,743 | $72,861 |
| Total current liabilities | $390,972 | $353,349 |
| Deferred taxes | $51,711 | $39,317 |
| Long-term lease liabilities | $683,737 | $490,182 |
| Other liabilities | $4,999 | $4,116 |
| Total liabilities | $1,131,419 | $886,964 |
| Stockholders’ equity: | ||
| Common stock, $0.0001 par value; March 28, 2026 - 100,000 shares authorized, 30,998 shares issued; March 29, 2025 - 100,000 shares authorized, 30,892 shares issued | $3 | $3 |
| Preferred stock, $0.0001 par value; 10,000 shares authorized, no shares issued or outstanding | $— | $— |