Boot Barn Holdings, Inc. Provides Earnings Guidance for the Third Quarter Ended December 29, 2018
January 12, 2019 at 02:40 am IST
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Boot Barn Holdings, Inc. provided earnings guidance for the third quarter ended December 29, 2018. The Company expects to report net sales increased 13% to approximately $254 million. Same store sales increased approximately 9.2%, with double-digit growth in e-commerce and high single digit growth in retail stores. This compares with third quarter guidance of 5.0% to 7.0%. Net income per diluted share of approximately $0.66 based on 28.9 million weighted average diluted shares outstanding. Net income per diluted share in the prior-year period was $0.73, or $0.46 when excluding approximately $0.27 related to tax reform.
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. 
