US' Boot Barn reports 16.9% YoY sales growth in Q3 FY25

The net income of the company was $75.1 million, or $2.43 per diluted share, compared to $55.6 million, or $1.81 per diluted share in Q3 FY24.

The income from operations rose to $99.5 million from $75.1 million in the period last fiscal, including a net benefit of $6.7 million. The net income stood at $75.1 million, or $2.43 per diluted share, compared to $55.6 million, or $1.81 per diluted share, in the same period of previous fiscal, with an estimated $0.22 per share, Boot Barn said in a press release.

The company opened 13 new stores, bringing its total store count to 438 as of the quarter end.

Nine-months (9M) financials

The net sales of the company increased by 14.0 per cent to $1.46 billion from $1.28 billion in the same period a fiscal prior. Consolidated same store sales increased by 5.4 per cent, with retail store same store sales increasing 4.8 per cent and e-commerce same store sales increasing 9.7 per cent.

The gross profit of the company was $548.5 million, or 37.6 per cent of net sales, compared to $475.0 million, or 37.2 per cent of net sales, in the same period last fiscal.

Selling, general and administrative (SG&A) expenses were $358.8 million, or 24.6 per cent of net sales, compared to $315.0 million, or 24.6 per cent of net sales, in the same period of the previous fiscal.

The net income of the company was $143.4 million, or $4.64 per diluted share, compared to net income of $117.6 million, or $3.84 per diluted share.

The income from operations increased $29.7 million to $189.7 million, or 13.0 per cent of net sales, compared to $160.0 million, or 12.5 per cent of net sales.

Outlook

For the full fiscal year 2025 ending March 31, 2025, Boot Barn expects net sales to increase by approximately 15 per cent YoY to $4.9 billion. The gross margin is projected to be at or slightly above 57 per cent, while selling, general, and administrative (SG&A) expenses are anticipated to remain around 35 per cent of net sales.

The operating margin is forecast at 22 per cent, with an effective tax rate of around 23.5 per cent. Diluted earnings per share are expected to be in the range of $5.75-$5.80.

ALCHEMPro News Desk (SG)