Q4 25 EPS
$1.22
MISS 2.02%
Est. $1.25
Q4 25 Revenue
$453.7M
MISS 1.01%
Est. $458.4M
vs S&P Since Q4 25
-25.6%
TRAILING MARKET
BOOT +0.5% vs S&P +26.1%
Full Year 2025 Results
FY 25 EPS
$5.88
BEAT +0.05%
Est. $5.88
FY 25 Revenue
$1.91B
MISS 0.24%
Est. $1.92B
Market Reaction
Did BOOT Beat Earnings? Q4 2025 Results
Boot Barn Holdings came up just short of Wall Street's expectations in its fiscal fourth quarter, posting EPS of $1.22 against a $1.25 consensus estimate, a 2.40% miss, while revenue of $453.75 million fell 1.01% below the $458.36 million forecast, t… Read more Boot Barn Holdings came up just short of Wall Street's expectations in its fiscal fourth quarter, posting EPS of $1.22 against a $1.25 consensus estimate, a 2.40% miss, while revenue of $453.75 million fell 1.01% below the $458.36 million forecast, though the top line still grew an impressive 16.8% year-over-year. The shortfall was modest in the context of an otherwise strong quarter, with a 6.0% consolidated same-store sales gain and 21 new store openings helping push full-year net sales to $1.91 billion. Gross margin expanded 130 basis points to 37.1%, driven largely by supply chain efficiencies and growing exclusive brand penetration, which now accounts for 38.6% of sales and delivers roughly 1,000 basis points of margin enhancement over third-party brands. Looking ahead, Boot Barn guided fiscal 2026 sales to a range of $2.07 billion to $2.15 billion, with management actively shifting exclusive brand sourcing away from China to limit tariff exposure, projecting that country's share of exclusive brand receipts will fall from 24% to approximately 12% in the coming year.
Key Takeaways
- • Consolidated same-store sales increased 6.0% in Q4 with retail stores up 5.5% and e-commerce up 9.8%
- • 210 basis-point increase in merchandise margin rate driven by supply chain efficiencies, lower shrink, better buying economies of scale, and exclusive brand penetration growth
- • Exclusive brands penetration reached 38.6% for the full year, up 90 basis points
- • 21 new stores opened in Q4, 60 new stores opened in full fiscal year
- • Loyalty program grew to approximately 9.6 million members, a 14.3% increase
BOOT YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
“Our team delivered a solid finish to fiscal year 2025 highlighted by 15% annual total sales growth and 23% growth in earnings per diluted share, underscoring the ongoing resilience of our core consumer despite broader market uncertainties. The continued strength across major merchandise categories, channels, and geographies reaffirms the broad appeal of our brand and the effectiveness of our strategic initiatives. As we look ahead, we remain confident in our ability to navigate the current tariff environment through our diversified sourcing capabilities and established vendor partnerships. The fundamentals of our business remain strong, and we are well-positioned to continue generating value for our shareholders.”
— John Hazen, Q4 2025 Earnings Press Release
BOOT Earnings Trends
BOOT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BOOT EPS Trend
Earnings per share: estimate vs actual
BOOT Revenue Trend
Quarterly revenue: estimate vs actual
BOOT Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $1.43 | $1.45 | +1.41% | $538.8M | +1.39% |
| FY Full Year | $7.34 | $7.35 | +0.19% | $2.25B | +0.34% |
| Q3 26 BEAT | $2.77 | $2.79 | +0.70% | $705.6M | +0.11% |
| Q2 26 BEAT | $1.28 | $1.37 | +7.28% | $505.4M | +2.21% |
| Q1 26 BEAT | $1.55 | $1.74 | +12.24% | $504.1M | +1.80% |
| Q4 25 MISS FY | $1.25 | $1.22 | -2.02% | $453.7M | -1.01% |
| FY Full Year | $5.88 | $5.88 | +0.05% | $1.91B | -0.24% |