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Boot Barn

Boot Barn (BOOT) Q1 2027 Earnings

Reported Jul 29, 2026 at 4:09 PM ET · SEC Source

Q1 27 EPS

$2.29

BEAT +34.61%

Est. $1.70

Q1 27 Revenue

$593.5M

BEAT +1.68%

Est. $583.7M

vs S&P Since Q1 27

-2.1%

TRAILING MARKET

BOOT +2.1% vs S&P +4.1%

Market Reaction

Did BOOT Beat Earnings? Q1 2027 Results

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 expecta… Read more 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.

Key Takeaways

  • • 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

BOOT Forward Guidance & 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.

24/7 Wall St

BOOT YoY Financials

Q1 2027 vs Q1 2026, source: SEC Filings

“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.”

— John Hazen, Q1 2027 Earnings Press Release

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