Boot Barn sees FY27 sales of $2.58 bln to $2.63 bln, up 14% to 16%
Company expects FY27 net income per diluted share of $8.80 to $9.23
Boot Barn expects Q2 sales of $572 mln to $582 mln, up 13% to 15%
Result drivers
Tariff refunds - Co recognized $14.7 mln in tariff refunds in cost of goods sold, boosting gross profit and net income
New store openings - Incremental sales from 27 new stores contributed to net sales growth
E-commerce growth - E-commerce same store sales rose 13.4%, outpacing retail store growth
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy"
Wall Street's median 12-month price target for Boot Barn Holdings Inc is $224.56, about 41.6% above its July 28 closing price of $158.62
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago
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