Q2 2026 Boot Barn Holdings Inc Earnings Call Transcript
Key Points
- Boot Barn Holdings Inc (BOOT) reported a 19% increase in revenue to $505 million, driven by new store openings and an 8.4% growth in same-store sales.
- Earnings per diluted share grew by 44% to $1.37, reflecting strong sales and margin performance.
- The company opened 30 new stores in the first half of fiscal '26 and plans to open 40 more, aiming for a total of 70 new stores by year-end.
- Boot Barn Holdings Inc (BOOT) increased its total addressable market estimate from $40 billion to $58 billion, indicating significant growth potential.
- E-commerce sales grew by 14.4%, with bootbarn.com showing high-teens growth, supported by new exclusive brand websites and AI-driven improvements.
- The company faces macroeconomic uncertainties and potential consumer sentiment softening, leading to cautious guidance for the second half of the year.
- Tariffs have impacted product costs, and while some mitigation strategies are in place, they continue to pose a challenge.
- Despite strong sales, there is a noted increase in inventory by 20%, which could pose a risk if not managed effectively.
- The company anticipates a 30 basis point deleverage in buying, occupancy, and distribution center costs due to new store openings.
- Boot Barn Holdings Inc (BOOT) is cautious about the potential for increased promotional activity during the holiday season, which could impact margins.
Good day, everyone, and welcome to the Boot Barn Holdings, Inc., second-quarter 2026 earnings. 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 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 call are
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