Boot Barn net sales climb 15.1 percent in second quarter

US western and workwear retailer Boot Barn Holdings, Inc. (Boot Barn) has reported a 15.1 percent increase in net sales to 581.80 million dollars for the second quarter ended September 26, 2026. Consolidated same store sales rose 1.4 percent, supported by a 1 percent increase across retail stores and a 5.2 percent uptick in e-commerce.

Gross profit for the quarter reached 216.50 million dollars, or 37.2 percent of net sales, compared to 184.10 million dollars, or 36.4 percent of net sales, in the prior-year period. The 80 basis-point expansion in gross profit rate was supported by lower freight costs, tariff refunds, and product margin expansion, partially offset by occupancy and distribution expenses.

Net income rose to 52.50 million dollars, or 1.73 dollars per diluted share, representing a 26.3 percent increase from 1.37 dollars per diluted share in the prior-year period. Excluding a 0.05 dollar per share benefit from tariff refunds, earnings per diluted share gained 22.6 percent.

Expansion and operational performance

The retailer opened 19 new stores during the period, bringing its total footprint to 584 locations. Operating income grew to 70.20 million dollars, representing 12.1 percent of net sales compared to 11.2 percent in the second quarter of the previous year.

Boot Barn chief executive officer, John Hazen, noted that new stores continued to outperform initial revenue projections. “We are pleased with our second quarter results, as continued revenue growth and merchandise margin expansion contributed to a 26% increase in earnings per diluted share,” Hazen stated.

Hazen added: “Looking ahead, we are excited about the holiday season and the work our teams have done to prepare, including refreshed merchandise assortments, improved in-store presentations, and a significantly expanded national marketing campaign.”

For the six-month period ended September 26, 2026, net sales rose 16.4 percent year-over-year (YoY) to 1.18 billion dollars, while consolidated same store sales climbed 3 percent. Net income reached 122.60 million dollars, or 4.02 dollars per diluted share.

Capital allocation and outlook

During the 26 weeks ended September 26, 2026, Boot Barn repurchased 399,388 shares of common stock for an aggregate total of 60.00 million dollars under its share repurchase programme.

On October 21, 2026, the board of directors authorised an additional 400 million dollars for share repurchases. Following the increase, approximately 468 million dollars remained available under the programme.

For the full fiscal year ending March 27, 2027, Boot Barn expects total sales between 2.57 billion dollars and 2.59 billion dollars, representing 14 percent to 15 percent YoY growth. The retailer plans to open between 75 and 80 new stores during the year.

Full-year consolidated same store sales are projected to grow between 0.8 percent and 2 percent, with diluted earnings per share forecast in the range of 8.72 dollars to 9.00 dollars.

For the third quarter ending December 26, 2026, sales are projected to reach between 785 million dollars and 802 million dollars, reflecting growth of 11 percent to 14 percent. Diluted earnings per share for the quarter are forecast between 3.03 dollars and 3.19 dollars.