Boot Barn Holdings, Inc. has announced its preliminary results for the third quarter of fiscal year 2025, revealing significant growth in several key areas. The company expects to report a 16.9% increase in net sales, reaching approximately $608.2 million. Same store sales are projected to grow by approximately 8.6%, with retail store same store sales up 8.2% and e-commerce same store sales up 11.1%.
Income from operations is expected to reach approximately $99.5 million, a substantial increase from $75.1 million in the prior-year period. This figure includes a net benefit of $6.7 million related to the CEO transition. Net income per diluted share is estimated to be approximately $2.43, based on 30.9 million weighted average diluted shares outstanding, compared to $1.81 in the prior-year period. This includes an estimated $0.22 benefit related to the CEO transition.
The company also opened 13 new stores in the third quarter, bringing its total store count to 438. John Hazen, interim chief executive officer, expressed satisfaction with the results, highlighting the broad-based growth and strong earnings per share.
In addition to the financial results, Boot Barn announced the appointment of Jonathon D. Kosoff as its chief digital officer, effective January 27, 2025. Kosoff brings extensive experience, having served as the chief digital officer for Tillys, Inc. and as vice president of e-commerce and performance marketing at Taco Bell.
Furthermore, the company will be participating in the 2025 ICR Conference, hosting a fireside chat on Monday, January 13, 2025. Boot Barn operates 438 stores in 46 states and also has a significant online presence through its e-commerce channels.
The company plans to report its third quarter results on January 30, 2025, at which time it will provide fourth quarter guidance. As a result of these announcements, the company's shares have moved -2.6% on the market, and are now trading at a price of $156.14. For more information, read the company's full 8-K submission here.
