Boot Barn increases full-year guidance after strong Q1 2026

Boot Barn Holdings first fiscal quarter highlight a strong start to fiscal year 2026. The company reported a significant increase in sales and a higher-than-expected earnings per diluted share, prompting it to raise its full-year outlook.

For the quarter ending June 28, 2025, Boot Barn's net sales surged by 19.1 percent to 504.1 million dollars fuelled by strong performance across both its physical and digital channels. Same-store sales increased by 9.4 percent, with retail stores seeing a 9.5 percent rise and e-commerce a 9.3 percent increase. The company also continued its aggressive expansion, opening 14 new stores during the quarter to bring its total store count to 473.

The company's profitability also saw a notable improvement with gross profit grew to 197.2 million dollars, or 39.1 percent of net sales, an increase of 210 basis points from the prior year. This was primarily driven by a 180-basis point expansion in merchandise margin. The company's net income was 53.4 million dollars or 1.74 dollars per diluted share, a substantial 38 percent increase from the the same quarter last year.

John Hazen, chief executive officer, expressed his satisfaction with the results. "We are pleased with our strong start to fiscal 2026, highlighted by high-single digit consolidated same-store sales growth and successful new store openings," Hazen said. "Demand was broad-based, with strength across all major merchandise categories and geographies." He added that the company's four strategic initiatives are consistently delivering results, and with the opportunity to double its store count, he remains confident in the company's long-term value generation for shareholders.

Based on its better-than-expected first-quarter performance and continued strength into the second quarter, Boot Barn has revised and raised its full-year fiscal 2026 guidance. The company now expects to open between 65 and 70 new stores and projects total sales to be between 2.100 billion dollars and 2.180 billion dollars, representing a growth of 10 percent to 14 percent over fiscal year 2025. Diluted earnings per share are forecasted to be in the range of 5.80 dollars to 6.70 dollars.

For the second fiscal quarter, the company anticipates total sales to be between 487 million dollars and 495 million dollars, a growth of 14 percent to 16 percent over the prior-year period. Same-store sales are expected to increase by 4.5 percent to 6.5 percent, and diluted earnings per share are projected to be between 1.19 dollars and 1.27 dollars.