Boot Barn Holdings Inc, a lifestyle retailer of footwear, apparel and accessories, reported 2.1 per cent sales decline to $188.6 million in fourth quarter (Q4) FY20 ended on March 28, 2020 compared to sales of $192.7 million in same period prior year. Net income fell to $5.7 million (Q1 FY19: $8.7 million). Gross profit were $57.9 million ($63.4 million).
Boot Barn Holdings Inc, a lifestyle retailer of footwear, apparel and accessories, reported 2.1 per cent sales decline to $188.6 million in fourth quarter (Q4) FY20 ended on March 28, 2020 compared to sales of $192.7 million in same period prior year. Net income fell to $5.7 million (Q1 FY19: $8.7 million). Gross profit were $57.9 million ($63.4 million).#
Company reported that during the reported quarter, same store sales decreased 4.7 per cent, comprised of a decrease in retail store same store sales of 7.1 per cent. Same store sales growth were solid during the first 10 weeks of the quarter before declining significantly during the last three weeks, primarily as a result of decreased traffic in stores that resulted from store closures and customers staying at home in response to the Covid-19 crisis.
Boot Barn Holdings Inc, a lifestyle retailer of footwear, apparel and accessories, reported 2.1 per cent sales decline to $188.6 million in fourth quarter (Q4) FY20 ended on March 28, 2020 compared to sales of $192.7 million in same period prior year. Net income fell to $5.7 million (Q1 FY19: $8.7 million). Gross profit were $57.9 million ($63.4 million).#
However, e-commerce sales grew 7.5 per cent in Q4 FY20.
Boot Barn Holdings Inc, a lifestyle retailer of footwear, apparel and accessories, reported 2.1 per cent sales decline to $188.6 million in fourth quarter (Q4) FY20 ended on March 28, 2020 compared to sales of $192.7 million in same period prior year. Net income fell to $5.7 million (Q1 FY19: $8.7 million). Gross profit were $57.9 million ($63.4 million).#
Selling, general and administrative expenses in Q4 were $48.2 million ($46.9 million). Income from the operations fell 41.2 per cent to $9.6 million ($16.4 million).
Boot Barn Holdings Inc, a lifestyle retailer of footwear, apparel and accessories, reported 2.1 per cent sales decline to $188.6 million in fourth quarter (Q4) FY20 ended on March 28, 2020 compared to sales of $192.7 million in same period prior year. Net income fell to $5.7 million (Q1 FY19: $8.7 million). Gross profit were $57.9 million ($63.4 million).#
Boot Barn Holdings opened 8 new stores during the quarter with a total of 259 stores during end of the quarter compared to 251 stores in same period prior year.
ALCHEMPro News Desk (JL)
marketing@alchempro.com
