Boot Barn Holdings, Inc. reported preliminary results for the third quarter of fiscal year 2025 ended December 28, 2024, including comp store sales growth of ~ 8.6 percent year-over-year. The announcement came ahead of a presentation at the ICR conference in Orlando, FL, this week.

For the fiscal third quarter ended December 28, 2024, the company expects to report:

  • Net sales of approximately $608.2 million, representing growth of 16.9 percent over the prior-year Q3 period;
  • Same-store sales growth of approximately 8.6 percent, with retail store same-store sales growth of approximately 8.2 percent and e-commerce same-store sales growth of approximately 11.1 percent;
  • Income from operations of approximately $99.5 million compared to $75.1 million in the prior-year Q3 period. Included in income from operations is a net benefit of $6.7 million related to the CEO transition. This benefit primarily relates to the forfeiture of unvested long-term equity incentive compensation and a reversal of fiscal 2025 cash incentive bonus expense for Boot Barn’s former CEO. These expenses were not deductible for income taxes; and
  • Net income per diluted share of approximately $2.43, based on 30.9 million weighted average diluted shares outstanding and a 24.3 percent effective tax rate, compared to net income per diluted share of $1.81 in the prior-year period. An estimated 22 cents benefit related to the CEO transition is included in net income per diluted share.

The company opened 13 new stores in the third quarter, or 39 stores year-to-date, bringing its total store count to 438.

“I am very pleased with our third quarter results. We once again experienced broad-based growth, driving same-store sales up 8.6 percent versus last year and above our expectations,” offered John Hazen, interim CEO of Boot Barn Holdings, Inc. “Both channels and all geographies and major merchandise categories were nicely positive, with the latter led by our ladies and men’s western businesses, which were up low-double digits and high-single digits, respectively. We are pleased that our sales outperformance, driven by strong full-price selling, translated into strong earnings per share as we expanded merchandise margin approximately 130 basis points. I am proud of the entire team for delivering a strong holiday quarter, and I look forward to a successful finish to our fiscal year.”

The company said these figures are preliminary and remain subject to the completion of normal quarter-end accounting procedures and closing adjustments.

New Chief Digital Officer
The company has appointed Jonathon D. Kosoff as chief digital officer, effective January 27, 2025. Kosoff was previously the chief digital officer for Tillys, Inc. from February 2020 to January 2025. Before that, he was the VP of e-commerce and performance marketing at Taco Bell, a subsidiary of Yum! Brands, Inc., from January 2018 to February 2020.

Image courtesy Boot Barn Holdings, Inc.