Boot Barn (BOOT) investor relations material

Executive summary

• Net sales rose 19% year-over-year to $504M, driven by strong same store sales and new store openings, with EPS up 38% to $1.74.

• Exclusive brand penetration reached up to 40.6% of sales, supporting margin expansion.

• Four strategic initiatives—new store growth, same store sales, omnichannel, and merchandise margin expansion—drove performance.

• Gross profit margin improved by 210 basis points to 39.1%, with broad-based growth across all major categories.

• 14 new stores opened in Q1, bringing the total to 473 at quarter end.

Financial highlights

• Net sales reached $504M, up from $423M year-over-year.

• Gross profit was $197M (39.1% of sales), up 26% year-over-year.

• Income from operations was $71M (14% of sales), up from $50M (11.9% of sales) year-over-year.

• Diluted EPS increased to $1.74 from $1.26 year-over-year.

• Cash and cash equivalents at quarter end were $95M, with no borrowings on the $250M revolver.

Outlook and guidance

• FY26 sales expected between $2.10B and $2.18B, up 10–14% year-over-year.

• FY26 EPS guidance: $5.80–$6.70; net income forecasted at $178M–$206M.

• 65–70 new stores planned for FY26, representing 15% unit growth.

• FY26 same store sales expected to range from -0.5% to +3.5%; flat comps guided for Q3 and Q4 due to macro and tariff risks.

• Capital expenditures projected at $115M–$120M, net of landlord allowances.