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Boot Barn: Fiscal Q1 Earnings Snapshot
By AP News - Aug 08, 2024, 10:10 AM ET
Last Updated - Aug 08, 2024, 10:10 AM EDT
IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Boot Barn Holdings Inc. (BOOT) on Wednesday reported fiscal first-quarter profit of $38.9 million.
On a per-share basis, the Irvine, California-based company said it had net income of $1.26. Earnings, adjusted for non-recurring gains, came to $1.20 per share.
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The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The Western apparel and footwear retailer posted revenue of $423.4 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $416 million.
For the current quarter ending in September, Boot Barn said it expects revenue in the range of $405 million to $412 million.
The company expects full-year earnings to be $5.05 to $5.35 per share, with revenue ranging from $1.82 billion to $1.85 billion.
Boot Barn shares have increased 51% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $115.70, a rise of 18% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BOOT at https://www.zacks.com/ap/BOOT
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