Q4 2026 Boot Barn Holdings Inc Earnings Call Transcript
Key Points
- Boot Barn Holdings Inc (BOOT) reported a strong fiscal '26 with revenue increasing 18% to $2.25 billion, driven by continued momentum across the business.
- The company opened a record 80 new stores and delivered same-store sales growth of 7.2%, exceeding expectations.
- Merchandise margin expanded by 80 basis points, contributing to a remarkable 660 basis point expansion over the past six years.
- Earnings per diluted share grew 25% to $7.35, an increase of $1.47 compared to the prior year.
- Boot Barn Holdings Inc (BOOT) saw a 14.1% increase in e-commerce comp sales, driven by double-digit growth on Bootbarn.com.
- Fourth quarter merchandise margin decreased by 30 basis points, which was offset by a 70 basis point headwind from cycling low shrink and low freight expense in the prior year period.
- Buying occupancy and distribution center costs deleveraged by 50 basis points, primarily due to new store occupancy costs.
- The company anticipates ongoing pressure on occupancy rate as it invests toward its long-term target of 1,200 stores across the US.
- Boot Barn Holdings Inc (BOOT) expects a higher hurdle rate this year on buying occupancy and distribution center costs with expected leverage at 10% same-store sales growth.
- The company plans to open 70 new stores in fiscal '27 compared to its original plan of 80 stores, as it accelerated the opening of 10 stores into fiscal '26.
Good day, everyone, and welcome to the Boot Barn Holdings, Inc fourth-quarter 2026 earnings conference call. As a reminder, this call is being recorded.
Now. I would 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 fourth-quarter and fiscal 2026 earnings results. With me on today's call are John Hazen, Chief Executive 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 will make during this
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