Boot Barn (BOOT) Q1 2027 Earnings
How Did BOOT Stock React to Q1 2027 Earnings?
S&P 500 over the same 30 days: +3.42%.
Did BOOT Beat Earnings? Q1 2027 Results
Yes. Boot Barn reported Q1 2027 earnings of $2.29 a share on Jul 29, 2026, beating the $1.70 consensus estimate by 34.6%. Revenue was $593.5M against a $583.7M estimate.
Boot Barn Holdings delivered a blowout fiscal first quarter for 2027, posting earnings per share of $2.29 against a consensus estimate of $1.70, a beat of 34.37% that extended the western-lifestyle retailer's streak of topping Wall Street EPS expectations to four consecutive quarters. Revenue climbed 17.8% year over year to $593.51 million, edging past the $583.72 million estimate by 1.68%, as 27 new store openings and consolidated same-store sales growth of 4.7% drove broad-based demand. A key catalyst behind the earnings strength was $14.70 million in tariff refunds recognized in cost of goods sold, contributing an estimated $0.38 per diluted share and helping expand gross margin 130 basis points to 40.4% of sales. Even stripping out that benefit, underlying product margins expanded 60 basis points, pointing to durable momentum in the core business. Analysts covering the stock maintain a consensus buy rating with price targets well above current levels. Looking ahead, Boot Barn raised its full-year guidance to diluted EPS of $8.80 to $9.23 on total sales of $2.58 billion to $2.63 billion, with plans to open 70 new stores in fiscal 2027.
- Incremental sales from 27 new store openings bringing total to 566 stores
- Consolidated same-store sales growth of 4.7%
- E-commerce same-store sales growth of 13.4%
- $14.7 million in tariff refunds recognized in cost of goods sold
- 220 basis-point merchandise margin rate improvement
- 60 basis points of product margin expansion
- Lower effective tax rate of 24.1% vs 25.1% due to stock-based compensation tax benefit
“We are pleased with our strong start to fiscal 2027, as first quarter results exceeded our expectations and reflected broad-based strength across the business. Our team continues to execute at a high level, delivering solid same store sales growth, expanding margin, and opening new stores that continue to perform above our expectations.”
Boot Barn CEO, on the earnings call
What Is Boot Barn's Outlook?
For fiscal year 2027 (ending March 27, 2027), Boot Barn expects total sales of $2.580B to $2.625B (14-16% growth), consolidated same-store sales growth of 2.0-4.0%, and diluted EPS of $8.80 to $9.23 including an estimated $0.46 per share benefit from tariff refunds. The company plans to open 70 new stores and expects capital expenditures of $125M to $130M net of tenant allowances. For Q2 FY27, the company expects total sales of $572M to $582M (13-15% growth), consolidated same-store sales of flat to 2.0% growth, and diluted EPS of $1.55 to $1.65. July preliminary same-store sales came in flat (0.0%), with retail stores declining 1.2% offset by e-commerce growth of 10.7%. The remaining tariff refund benefits are estimated at $2.4M in Q2 and $0.7M in Q3.
BOOT YoY Financials
| Metric | Q1 2027 | Q1 2026 | Year over year |
|---|---|---|---|
| Revenue | $593.5M | $504.0M | +17.8% |
| Gross Profit | $239.9M | $197.2M | +21.6% |
| Operating Income | $90.5M | $70.7M | +28.0% |
| Net Income | $70.1M | $53.4M | +31.3% |
When Does Boot Barn Report Next?
Figures from SEC filings and company reports. Not investment advice.