Companies /Consumer Cyclical

Boot Barn Holdings Inc

NYSE: BOOT Apparel Retail
$148.66
▼ $0.12 (−0.08%) today
Markets closed · 12:22am ET

Q2 2026 Earnings

Reported Oct 29, 2025, 4:08pm ET · SEC source
$1.37
Beat +7.28%
EPS · est. $1.28
$505.4M
Beat +2.21%
Revenue · est. $494.4M
+4.4%
Beating market
BOOT vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−3%0+3%Oct 29Oct 30report 4:08pm ETearnings−0.9%−2.9%
−3%0+3%Oct 29Oct 30earnings−0.9%−2.9%
BOOT −2.9%S&P 500 −0.9%
−3%0+3%Oct 29Oct 30report 4:08pm ETearnings−1.3%−2.9%
−3%0+3%Oct 29Oct 30earnings−1.3%−2.9%
BOOT −2.9%NASDAQ −1.3%
−6%−3%0+3%Oct 28Nov 6report 4:08pm ETearnings−2.1%−5.3%
−6%−3%0+3%Oct 28Nov 6earnings−2.1%−5.3%
BOOT −5.3%S&P 500 −2.1%
−6%−3%0+3%Oct 28Nov 6report 4:08pm ETearnings−3.4%−5.3%
−6%−3%0+3%Oct 28Nov 6earnings−3.4%−5.3%
BOOT −5.3%NASDAQ −3.4%
−4.48%
Day of report
+2.23%
Next session
−1.46%
One week
+4.60%
30 days

S&P 500 over the same 30 days: +0.25%.

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 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

“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.”

Boot Barn CEO, on the earnings call

Forward Guidance & Outlook

Boot Barn raised its full-year fiscal 2026 guidance. The company now expects total sales of $2.197 billion to $2.235 billion (15%-17% growth), same-store sales growth of 4.0% to 6.0%, gross profit of $818 million to $842 million (37.2%-37.7% of sales), operating income of $277 million to $294 million (12.6%-13.2% of sales), and diluted EPS of $6.75 to $7.15. The company plans to open 70 new stores and expects capital expenditures of $125 million to $130 million (net of $39.4 million in landlord tenant allowances). For Q3 fiscal 2026, the company guides total sales of $688 million to $700 million (13%-15% growth), same-store sales growth of 2.5% to 4.5%, and diluted EPS of $2.47 to $2.59. The effective tax rate is expected to be 26.0% for the remaining six months of fiscal 2026. Long-term, Boot Barn has increased its store count potential to 1,200 U.S. stores (up from 900) with an annual new store growth rate of 12% to 15%.

BOOT YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$200.0M$400.0M$425.8M$505.4MRevenue$152.9M$184.1MGross Profit$40.0M$56.4MOperating Income$29.4M$42.2MNet Income
$0$200.0M$400.0MRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.