Q1 2026 Boot Barn Holdings Inc Earnings Call Transcript

Jul 31, 2025 / 08:30 PM GMT

Release Date Price: €154 (+0.65%)

Transcript 10-Q8-K

Key Points

Positve

Boot Barn Holdings Inc (BOOT) reported a 19% increase in first-quarter revenue to $504 million, with consolidated same-store sales up 9.4%.
The company opened 14 new stores in the first quarter, with plans to open 65 to 70 new stores this year, indicating strong expansion efforts.
E-commerce sales grew by 9.3%, with BootBarn.com achieving double-digit growth, showcasing strong online performance.
Merchandise margin rate increased by 180 basis points compared to the prior year, reflecting improved profitability.
Exclusive brand penetration increased to 40.6% of sales, contributing to margin expansion and brand differentiation.

Negative

The company remains cautious about consumer sentiment and macroeconomic uncertainty, which could impact future performance.
There is a risk of flat comps in the second half of the fiscal year due to potential tariff impacts and consumer spending concerns.
The company is facing challenges with tariff-related price increases, which could affect merchandise margins in the future.
Despite positive growth, the work boots business is still comping below the rest of the business, indicating room for improvement.
The company is managing inventory carefully, but there is a risk of running too lean, which could impact sales if demand exceeds expectations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BOOT.N - Boot Barn Holdings Inc
Q1 2026 Boot Barn Holdings Inc Earnings Call
Jul 31, 2025 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, everyone, and welcome to the Boot Barn Holdings Inc. First quarter 2026 earnings conference call. As a reminder, this call is being recorded.

I would now like to turn the conference over to your host, Mr. Mark Dedovish, senior Vice President of Relations and finance. Please go ahead.

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Unidentified_2 [2]
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Thank you. Good afternoon, everyone.

Thank you for joining us today to discuss Bo Barn's first quarter fiscal 2026 earnings results. With me on today's call are John Hayson, Chief Executive Officer, and Jim Watkins, Chief

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