Boot Barn (BOOT) Q4 2026 earnings summary

Executive summary

• Achieved record sales and earnings in fiscal 2026, with revenue up 18% to $2.25B and EPS up 25% to $7.35 year-over-year.

• Opened 80 new stores, ending the year with 539 locations; exclusive brand penetration reached 40.8%.

• Q4 revenue rose 19% to $539M, with same-store sales up 6.1%.

• Broad-based growth across merchandise categories, channels, and regions, with strong e-commerce and omnichannel performance.

• Strategic initiatives included building a sourcing organization, marketing exclusive brands, and reinvigorating the work boot business.

Financial highlights

• Full-year revenue increased 18% to $2.25B; Q4 revenue up 19% to $539M year-over-year.

• Same-store sales grew 7.2% for the year and 6.1% in Q4; e-commerce comps up 15.3% for the year and 14.1% in Q4.

• Merchandise margin expanded 80bps to 50.9% for the year; gross profit margin rose to 38.1%.

• EPS for the year was $7.35, up 25%; Q4 EPS rose 19% to $1.45.

• Inventory increased 13% to $845M, supporting new stores and exclusive brands.

Outlook and guidance

• Fiscal 2027 sales expected at $2.58B–$2.62B (14–16% growth), with 2–4% same-store sales growth (retail: 1–3%, e-commerce: 11–13%).

• Merchandise margin rate projected at 51.4%, up 50bps; gross profit rate to deleverage by 20bps.

• Net income forecast at $251.1M–$265M; EPS to grow 18% to $8.21–$8.64.

• 70 new stores planned for fiscal 2027; capital expenditures of $125M–$130M.

• Q1 2027 sales expected at $584M, with 4% same-store sales growth.