Boot Barn (BOOT) Q2 2027 Earnings
Includes an estimated $0.05 per diluted share benefit from tariff refunds ($2.2 million recognized in cost of goods sold).
How Did BOOT Stock React to Q2 2027 Earnings?
Did BOOT Beat Earnings? Q2 2027 Results
Yes. Boot Barn reported Q2 2027 earnings of $1.73 a share on Oct 28, 2026, beating the $1.63 consensus estimate by 6.1%. Revenue was $581.8M against a $580.5M estimate.
Boot Barn Holdings delivered a clean beat in its fiscal second quarter ended September 26, 2026, extending its EPS consensus beat streak to five consecutive quarters as GAAP earnings of $1.73 per diluted share cleared the $1.63 analyst estimate by 6.13%. Revenue of $581.81 million edged past the $580.46 million consensus and grew 15.1% year over year, fueled primarily by aggressive store expansion rather than comparable sales, which rose a modest 1.4% on a consolidated basis. The clearest earnings driver was margin improvement, with merchandise margin expanding 190 basis points; freight cost normalization contributed 130 of those basis points, while $2.2 million in tariff refunds added roughly 40 basis points and an estimated $0.05 to diluted EPS. Looking ahead, management raised its full-year store opening target to 75 to 80 locations and guided fiscal 2027 diluted EPS to $8.72 to $9.00 on sales of $2.57 to $2.59 billion, even as several analysts trimmed price targets following the report while maintaining buy ratings.
- Incremental sales from 19 new stores opened in the quarter; store count reached 584
- Consolidated same store sales up 1.4% (retail stores 1.0%, e-commerce 5.2%)
- Merchandise margin up 190 bps: 130 bps lower freight, 40 bps tariff refunds, 20 bps product margin expansion
- $2.2 million of tariff refunds recognized in cost of goods sold, worth about $0.05 per diluted share
- SG&A leveraged 10 bps on lower corporate G&A expenses
- Partially offset by 110 bps deleverage in buying, occupancy and distribution center costs
“We are pleased with our second quarter results, as continued revenue growth and merchandise margin expansion contributed to a 26% increase in earnings per diluted share. Our new stores continue to exceed expectations, with recent openings generating sales above our original projections. This performance reflects the growing national reach of the Boot Barn brand and reinforces our confidence in the company's long-term expansion opportunity.”
Boot Barn CEO, on the earnings call
What Is Boot Barn's Outlook?
Boot Barn updated its outlook for fiscal 2027 (ending March 27, 2027). Full year: - Open 75–80 stores, up from a prior plan of 70. - Total sales of $2.565–$2.593 billion, up 14%–15%. - Consolidated same store sales growth of 0.8%–2.0%: retail 0.5%–1.7%, e-commerce 3.0%–4.0%. - Merchandise margin of $1.343–$1.357 billion (about 52.3% of sales, +140 bps), including about $17.6 million of tariff refunds. - Gross profit of $985–$999 million and SG&A of $634–$637 million. - Operating income of $351–$362 million and net income of $263.6–$272.0 million. - Diluted EPS of $8.72–$9.00 (up 19%–22%), including a $0.45 tariff-refund benefit, on 30.2 million diluted shares. - A 25.7% tax rate for the remaining six months and net capex of $135–$140 million. Third quarter (ending December 26, 2026): - Sales of $785–$802 million, up 11%–14%. - Consolidated, retail and e-commerce same store sales each ranging from a 1.0% decline to 1.0% growth. - Merchandise margin of $404–$413 million (about 51.5%). - Gross profit of $311–$319 million, SG&A of $187–$189 million and operating income of $123–$130 million. - Diluted EPS of $3.03–$3.19, including about a $0.02 tariff-refund benefit.
BOOT YoY Financials
| Metric | Q2 2027 | Q2 2026 | Year over year |
|---|---|---|---|
| Revenue | $581.8M | $505.4M | +15.1% |
| Gross Profit | $216.5M | $184.2M | +17.6% |
| Operating Income | $70.2M | $56.4M | +24.5% |
| Net Income | $52.5M | $42.2M | +24.3% |
Figures from SEC filings and company reports. Not investment advice.