Boot Barn's (BOOT) Q3 Earnings: What Awaits The Stock?
Zacks Investment Research | Feb 02, 2020 08:45PM ET
Boot Barn Holdings, Inc. (NYSE:BOOT) is scheduled to release third-quarter fiscal 2020 results on Feb 4, after the closing bell. This Irvine, CA-based lifestyle retailer delivered a positive earnings surprise of 20% in the preceding quarter. It has a trailing four-quarter positive earnings surprise of 22.7%, on average.
Preliminary Q3 Results
Last month, Boot Barn third-quarter preliminary results painted an encouraging picture. Strength in nearly all key product categories and geographic regions drove same-store sales performance. Robust growth in brand penetration and constant focus on full-price selling further boosted the Zacks Rank #2 (Buy) company’s merchandise margin.
Preliminary numbers showed a 6.7% rise in same-store sales. This includes retail store same-store sales growth of 5.7% and rise in e-commerce sales of about 11%. Concurrently, Boot Barn’s same-store sales rose about 6% for the combined November and December period.
Boot Barn Holdings, Inc. Price and EPS Surprise
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