Q4 26 EPS
$1.45
BEAT +1.41%
Est. $1.43
Q4 26 Revenue
$538.8M
BEAT +1.39%
Est. $531.4M
vs S&P Since Q4 26
+7.4%
BEATING MARKET
BOOT +8.2% vs S&P +0.8%
Full Year 2026 Results
FY 26 EPS
$7.35
BEAT +0.19%
Est. $7.34
FY 26 Revenue
$2.25B
BEAT +0.34%
Est. $2.25B
Market Reaction
Did BOOT Beat Earnings? Q4 2026 Results
Boot Barn Holdings, Inc. Closed out fiscal 2026 on a strong note, posting Q4 revenue of $538.75 million, up 18.7% year over year and ahead of the $531.38 million consensus estimate by 1.39%, while earnings per share of $1.45 edged past the $1.43 cons… Read more Boot Barn Holdings, Inc. Closed out fiscal 2026 on a strong note, posting Q4 revenue of $538.75 million, up 18.7% year over year and ahead of the $531.38 million consensus estimate by 1.39%, while earnings per share of $1.45 edged past the $1.43 consensus by 1.41%. The headline driver was an aggressive store expansion push, with the company opening 25 locations in the quarter alone, including 10 accelerated from the fiscal 2027 pipeline, bringing its total footprint to 539 stores across 49 states. Same-store sales grew 6.1% in the quarter, with e-commerce surging 14.1% against a more modest 5.2% gain in retail stores, underscoring the channel's growing contribution. Ahead of the print, analyst price targets had been clustering well above current trading levels, reflecting broader confidence in the growth runway. Looking ahead, Boot Barn guided fiscal 2027 diluted EPS of $8.21 to $8.64 on total sales of $2.58 billion to $2.62 billion, with 70 planned new store openings and early same-store sales trends through mid-May holding at a solid 5.0%.
Key Takeaways
- • 18.7% net sales growth driven by new store openings and 6.1% consolidated same-store sales increase
- • E-commerce same-store sales growth of 14.1% significantly outpacing retail store growth of 5.2%
- • Exclusive brands penetration reached 40.8% of sales, up 220 basis points year-over-year
- • 80 basis points of merchandise margin expansion for the full year from buying economies of scale, exclusive brand growth, and supply chain efficiencies
- • SG&A leveraged 50 basis points due to lower corporate general and administrative expenses
- • Lower effective tax rate of 22.9% in Q4 due to discrete tax benefits
BOOT Forward Guidance & Outlook
For Fiscal 2027, Boot Barn expects total sales of $2.578B to $2.623B (14%-16% growth), consolidated same-store sales growth of 2.0%-4.0%, gross profit of $971M-$994M (37.7%-37.9% of sales), SG&A of $636M-$641M, operating income of $335M-$353M, net income of $251.1M-$264.5M, and diluted EPS of $8.21-$8.64. The company plans to open 70 new stores with capital expenditures of $125M-$130M (net of $47.6M landlord allowances) and a 25.7% effective tax rate. For Q1 FY2027, the company expects total sales of $574M-$584M, consolidated same-store sales growth of 2.0%-4.0%, and diluted EPS of $1.62-$1.71. Q1 earnings are expected softer year-over-year due to a difficult comparison, while Q2 earnings are expected in line with Q1, resulting in strong YoY growth. Preliminary April consolidated SSS was 5.0% and the first two weeks of May showed 5.0% consolidated SSS.
BOOT YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
“I am very proud of our performance in Fiscal 2026, which marked a record year for Boot Barn and reflects the strength of our business and the dedication of our team. We delivered strong results across key metrics, including 18% total sales growth, 80 basis points of merchandise margin expansion, and 25% growth in earnings per diluted share. We opened 80 new stores and generated 7.2% same store sales growth. The broad-based strength across merchandise categories, channels, and geographic regions underscores the strong appeal of the brand and the disciplined execution of our strategic initiatives. Looking ahead, I believe Boot Barn is well positioned to build on this foundation, and I remain confident in our ability to drive continued growth and deliver long-term value for our shareholders.”
— John Hazen, Q4 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% |