Boot Barn Holdings, Inc. Provides Earnings Forecast for the Third Quarter Ended December 30, 2017; Raises Earnings Guidance for the Fiscal Year Ending March 31, 2018
January 08, 2018 at 06:00 am
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Boot Barn Holdings, Inc. provided earnings forecast for the third quarter ended December 30, 2017. For the quarter, the company expects to report net sales increase of 13% to approximately $225 million. Net income per diluted share is expected to be in between $0.70 to $0.71 per share.
For the year, the company expects same store sales growth of 3.0% to 4.0%, compared to the Company's prior outlook of low single digit same store sales growth. Income from operations is expected to be in between $42.3 million and $43.8 million, compared to the Company's prior outlook of $40.0 million to $42.5 million. Net income is expected to be in between $23.3 million and $24.5 million. Net income per diluted share is expected to be of $0.85 to $0.89.
Boot Barn Holdings, Inc. is a lifestyle retailer of western and work-related footwear, apparel, and accessories in the United States. The Company operates through two segments: retail stores and e-commerce. The retail segment is a specialty retail store that sells western and work boots and related apparel and accessories. Its e-commerce segment sells its merchandise via the Internet. The Company carries an assortment of denim, western shirts, cowboy hats, belts and belt buckles, western-style jewelry, and accessories. The western assortment includes various brands, such as Ariat, Cinch, Cody James, Corral, Dan Post, Durango, El Dorado, Idyllwind, Justin, Laredo, Lucchese, Miss Me, Montana Silversmiths, Moonshine Spirit, Shyanne, Stetson, Tony Lama, Twisted X, Resistol and Wrangler. The work assortment includes rugged footwear, outerwear, overalls, denim, and shirts. Its other brand includes Dickies, Carhartt, Wolverine, and Hawx. It operates approximately 403 stores in 45 states.
Boot Barn Holdings, Inc. Provides Earnings Forecast for the Third Quarter Ended December 30, 2017; Raises Earnings Guidance for the Fiscal Year Ending March 31, 2018
BOOT BARN HOLDINGS, INC. 
