Q2 2025 Boot Barn Holdings Inc Earnings Call Transcript
Key Points
- Boot Barn Holdings Inc (BOOT) reported a 14% increase in revenue for the second quarter, with consolidated same-store sales growth of 4.9%.
- The company opened 15 new stores in the second quarter, bringing the total to 425 stores across 46 states, and plans to open 60 new units this year.
- E-commerce sales grew by 10.1%, with bootbarn.com experiencing a 15% increase, showcasing strong online momentum.
- Merchandise margin increased by 70 basis points due to supply chain efficiencies, contributing to overall gross profit growth.
- Boot Barn Holdings Inc (BOOT) raised its full-year guidance, expecting total sales to reach $1.91 billion, a 14% growth over the previous fiscal year.
- The departure of CEO James Conroy, who is leaving to join Ross Stores, introduces potential leadership uncertainty.
- SG&A expenses increased by 100 basis points, primarily due to higher incentive-based compensation, legal, and marketing expenses.
- Exclusive brand penetration decreased by 50 basis points, although this was expected due to high growth in the prior year.
- Occupancy costs of new stores contributed to a 60 basis point deleverage in buying, occupancy, and distribution center costs.
- The company anticipates potential distractions and uncertainties due to the upcoming election, which could impact consumer behavior.
Good day, everyone, and welcome to the Boot Barn Holdings, Inc. Second Quarter 2025 Earnings Call. As a reminder, this call is being recorded.
Now I'd like to turn the conference over to your host, Mr. Mark Dedovesh, Senior Vice President of Investor Relations and Finance. Please go ahead, sir.
Thank you. Good afternoon, everyone. Thank you for joining us today to discuss Boot Barn's Second Quarter Fiscal 2025 Earnings Results. With me on today's call are Jim Conroy, President and Chief Executive Officer; John Hazen, Chief Digital Officer; and Jim Watkins, Chief Financial Officer.
A copy of today's press release along with a supplemental financial presentation is available on the Investor Relations section of Boot Barn's website at bootbarn.com. Shortly after we end this call, a recording of the call will be available as a replay for 30 days on the Investor Relations section of the company's website.
I would like to remind you that certain statements we'll make during this
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