Shares of Boot Barn Holdings Inc. (BOOT) surged 14.43% in pre-market trading on Thursday, following the company's fourth-quarter earnings report and positive outlook for the upcoming quarter. The Western apparel retailer's stock rally was fueled by a combination of better-than-expected guidance and the announcement of a substantial share repurchase program.
Despite posting downbeat earnings for its fourth quarter, Boot Barn provided an optimistic forecast for the first quarter of fiscal 2026. The company anticipates first-quarter sales between $483 million and $491 million, with the midpoint surpassing Wall Street estimates of $486.5 million. Boot Barn also expects earnings per share in the range of $1.44 to $1.52, compared to analysts' expectations of $1.44. This upbeat guidance suggests that the retailer is confident in its near-term growth prospects, despite ongoing economic uncertainties.
Adding to investor enthusiasm, Boot Barn's board of directors authorized a $200 million stock buyback program. This move signals management's confidence in the company's financial position and its commitment to enhancing shareholder value. The combination of strong guidance and the share repurchase announcement has clearly resonated with investors, driving the significant pre-market rally in Boot Barn's stock price.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.