By Roshan Fernandez
Boot Barn reported higher fourth-quarter revenue as a result of incremental sales from new stores and an increase in same-store sales.
The lifestyle retailer of western and work-related footwear opened 21 new stores this quarter. Same-store sales grew 6% during the quarter, with a 5.5% increase in retail same-store sales and a 9.8% increase for e-commerce.
The Irvine, Calif.-based company reported a fiscal fourth-quarter profit of $37.5 million, or $1.22 a share, compared with $29.4 million, or 96 cents a share, a year earlier.
Analysts were looking for $1.24 per share, according to FactSet.
Revenue grew to $453.7 million from $388.5 million a year earlier. Analysts surveyed by FactSet had forecast sales of $458.4 million. Revenue was toward the lower end of the company's guidance range.
Selling, general and administrative expenses were up due to higher store payroll and other costs affiliated with operating more stores.
For fiscal year 2026, the company said it expects to open between 65 and 70 new stores. Boot Barn anticipates sales of between $2.07 billion and $2.15 billion for the full year. Analysts were looking for $2.17 billion in sales for the 2026 fiscal year.
It projects same-store sales will be between a decline of 2% and growth of 2%. Analysts expected an increase of 2.5%.
For the first quarter, Boot Barn expects sales between $483 million and $491 million. Earnings per share are expected to be between $1.44 and $1.52. Analysts were looking for $486.5 million in sales and $1.44 in per-share earnings.
John Hazen, who served as interim chief executive starting in November, was named CEO earlier this month. Hazen said the company's results underscore the resilience of its core consumer despite broader market uncertainties.
"The continued strength across major merchandise categories, channels, and geographies reaffirms the broad appeal of our brand and the effectiveness of our strategic initiatives," Hazen said.
He said the company is confident it can navigate the current tariff environment given its established vendor partnerships.
The company's board also authorized a $200 million share repurchase program.
Write to Roshan Fernandez at roshan.fernandez@wsj.com
(END) Dow Jones Newswires
May 14, 2025 16:51 ET (20:51 GMT)
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