Q3 26 EPS
$2.79
BEAT +0.70%
Est. $2.77
Q3 26 Revenue
$705.6M
BEAT +0.11%
Est. $704.8M
vs S&P Since Q3 26
-23.8%
TRAILING MARKET
BOOT -13.9% vs S&P +9.9%
Market Reaction
Did BOOT Beat Earnings? Q3 2026 Results
Boot Barn delivered a clean beat to close out its fiscal third quarter, with earnings of $2.79 per diluted share edging past the $2.77 consensus estimate and revenue of $705.64 million topping expectations by a narrow but meaningful margin, rising 16… Read more Boot Barn delivered a clean beat to close out its fiscal third quarter, with earnings of $2.79 per diluted share edging past the $2.77 consensus estimate and revenue of $705.64 million topping expectations by a narrow but meaningful margin, rising 16.0% year over year. The quarter's standout driver was a 5.7% consolidated same-store sales gain, anchored by a 19.6% surge in e-commerce comps as the company's strategy of launching dedicated Shopify storefronts for exclusive brands drew in new customers at scale. Merchandise margins expanded 110 basis points, aided by buying efficiencies and growing penetration of exclusive brands, which carry roughly a 1,000 basis point margin premium over third-party labels and are on track to represent 41.0% of sales in fiscal 2026. Boot Barn also opened 25 new stores in the quarter, bringing its total to 514 as it pursues a long-term target of 1,200 U.S. Locations. Management raised full-year guidance, now projecting revenue of $2.24 billion to $2.25 billion and diluted EPS of $7.25 to $7.35, with analysts growing increasingly constructive on the company's earnings growth model.
Key Takeaways
- • Consolidated same-store sales growth of 5.7%
- • E-commerce same-store sales growth of 19.6%
- • Merchandise margin expansion of 110 basis points driven by buying economies of scale, supply chain efficiencies, and exclusive brand penetration growth
- • Exclusive brands penetration expected to reach 41.0% in FY26, up from 38.6% in FY25
- • Broad-based demand across merchandise categories, channels, and geographies
- • 25 new stores opened during the quarter bringing total to 514
BOOT YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
“We are very pleased with our third quarter results and the strength of our holiday performance across the chain. Sales increased 16% year over year, reflecting broad-based demand across merchandise categories, channels, and geographies. Merchandise margin expanded by 110 basis points, and combined with solid expense control, drove strong earnings per diluted share of $2.79.”
— John Hazen, Q3 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% |