Stock Market Live July 2, 2026: S&P 500 (SPY) Flat with New Jobs Data
Q2 26 EPS
$1.37
BEAT +7.28%
Est. $1.28
Q2 26 Revenue
$505.4M
BEAT +2.21%
Est. $494.4M
vs S&P Since Q2 26
-28.0%
TRAILING MARKET
BOOT -18.7% vs S&P +9.2%
Market Reaction
Did BOOT Beat Earnings? Q2 2026 Results
Boot Barn delivered a standout second fiscal quarter, posting earnings per share of $1.37 against a consensus estimate of $1.28, a beat of 7.28%, while revenue climbed 18.7% year-over-year to $505.40 million, exceeding the $494.45 million Wall Street… Read more Boot Barn delivered a standout second fiscal quarter, posting earnings per share of $1.37 against a consensus estimate of $1.28, a beat of 7.28%, while revenue climbed 18.7% year-over-year to $505.40 million, exceeding the $494.45 million Wall Street expected by 2.21%. The western and work apparel retailer's results topped the high end of its own prior guidance across every key metric, with consolidated same-store sales rising 8.4% and e-commerce same-store sales surging 14.4%, a channel that has been gaining traction as the company deepens its omni-channel capabilities. A meaningful driver of margin improvement was the continued expansion of exclusive brands, estimated to reach 41% of sales in fiscal 2026, which carry roughly 1,000 basis points more margin than third-party labels. Operating income jumped 41% to $56.42 million, reflecting 180 basis points of margin expansion. Buoyed by the momentum, Boot Barn raised its full-year fiscal 2026 guidance, now targeting total sales of $2.20 billion to $2.24 billion and diluted EPS of $6.75 to $7.15, while also expanding its long-term store count target to 1,200 U.S. Locations.
Key Takeaways
- • Consolidated same-store sales growth of 8.4% driven by strength across all major merchandise categories and geographies
- • E-commerce same-store sales surged 14.4%, with preliminary October at 24.1%
- • Merchandise margin expanded 80 basis points from better buying economies of scale and exclusive brand penetration growth
- • SG&A leverage of 120 basis points from lower corporate G&A and legal expenses
- • 16 new store openings contributed incremental sales
- • Exclusive brand penetration expected to reach 41% in FY26, up from 38.6% in FY25
BOOT YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“We delivered another strong quarter with high single-digit consolidated same-store sales growth and 19% total sales growth, demonstrating the continued resilience and broad appeal of our brand. This strength was evident across all major merchandise categories and geographies, with both our retail stores and e-commerce channels performing well. Importantly, we expanded our merchandise margin by 80 basis points, while maintaining disciplined expense control, which drove a 41% improvement in operating income and a 180 basis-point increase in operating margin to 11.2%. These results underscore the effectiveness of our strategic initiatives and our team's ability to execute in a dynamic retail environment.”
— John Hazen, Q2 2026 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% |