Have you been paying attention to shares of Boot Barn (BOOT) ? Shares have been on the move with the stock up 3.1% over the past month. The stock hit a new 52-week high of $138.78 in the previous session. Boot Barn has gained 76% since the start of the year compared to the 8.8% move for the Zacks Retail-Wholesale sector and the 8.1% return for the Zacks Retail - Apparel and Shoes industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed our ...

财务数据和关键指标变化 - 第一季度收入增长10.3%至4.23亿美元 [19] - 毛利增长10%至1.57亿美元,毛利率保持在37% [20] - 营业利润为5000万美元,占销售额11.9% [22] - 净利润为3900万美元,每股收益1.26美元 [22] 各条业务线数据和关键指标变化 - 实体店同店销售增长0.8%,电商同店销售增长6.7% [19] - 男士西部靴和服装同店销售中单位数增长,女士西部靴同店销售低单位数增长,女士服装同店销售低单位数下降 [14] 各个市场数据和关键指标变化 - 公司在46个州开设411家门店,新店开设符合预期 [11] - 公司相信未来可在美国再开500家门店,超过现有规模一倍 [12] 公司战略和发展方向及行业竞争 - 公司在4大战略举措上取得进展:1)扩大门店网络,2)提升同店销售,3)强化全渠道领导地位,4)提升毛利率和增加自有品牌占比 [7][11][13][15][16] - 公司认为自有品牌、供应链效率提升和采购规模经济都是提升毛利率的机会 [16][17] - 公司主要竞争对手CavenderÂ's和Ariat也在进军高端牛仔靴市场 [63][65] 管理层对经营环境和未来前景的评论 - 公司对当前业务态势保持谨慎乐观,但对整体消费者情绪和宏观不确定性保持警惕 [18] - 公司认为自身执行力出色,有信心在当前不确定环境中保持良好业绩 [30] 其他重要信息 - 公司推出新的高端自有品牌"Cody James Black 1978",定位于高端牛仔靴市场 [62][63][64][67] - 公司与国内知名乡村音乐歌手Morgan Wallen合作,通过营销活动吸引新客户 [107][108][109][110] 问答环节重要的提问和回答 问题1 **分析师提问** 公司是否看到高收入客户群表现优于低收入客户群 [84] **管理层回答** 公司尚未观察到这种差异,认为可能是因为公司产品更多具有功能性,且公司主要客户所在行业失业率相对较低 [86] 问题2 **分析师提问** 公司未来门店扩张计划中新市场和现有市场的占比 [87] **管理层回答** 未来12-24个月新开门店中,大约一半在新市场,一半在现有市场填充 [88] 问题3 **分析师提问** 公司是否通过数字渠道带动实体店客流 [97] **管理层回答** 公司估计约20%的实体店客户是通过数字渠道进入的,这是一个可以进一步挖掘的机会 [98][99]

Boot Barn (BOOT) reported $423.39 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 10.3%. EPS of $1.20 for the same period compares to $1.11 a year ago. The reported revenue represents a surprise of +1.78% over the Zacks Consensus Estimate of $415.98 million. With the consensus EPS estimate being $1.08, the EPS surprise was +11.11%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Boot Barn (BOOT) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this Western apparel and footwear retailer would post earnings of $0.89 per share when it actually produced earnings of $1.01, delivering a surprise of 13.48%. Over the last fo ...

公司概况 - 公司相信Boot Barn是美国最大的专注于西部和工作相关鞋靴、服装和配饰的生活方式零售连锁店[122] - 公司的产品组合以广泛的西部和工作靴为中心,并配有广泛的配套服装和配饰[122] 季节性和增长 - 公司的业务适度季节性,第三季度(包括圣诞购物季)通常销售额较高,利润也较大[128] - 公司通过新店开设来推动增长,新店通常开业初期销售较高,随后逐步降至正常水平[136] - 公司通过新店开设来推动增长,新店通常开业初期效率较低,盈利能力较弱[136] 毛利和费用 - 公司的毛利受多方面因素影响,如初始进货毛利、降价和报废、采购成本等[137][138][139] - 公司的销售、一般及管理费用包括门店人工成本、其他运营费用和总部管理费用[140][141] 会计政策和估计 - 公司采用52周或53周的会计年度,每个季度包括13周,第四季度包括14周[144] - 公司的关键会计政策和估计在本报告期内未发生重大变化[142][143] 财务数据 - 净销售额增加10.3%至4.23亿美元[148] - 毛利增加10.4%至1.57亿美元，毛利率保持37.0%[149] - 销售、一般及管理费用增加11.3%至1.07亿美元，占净销售额的25.2%[150,151] - 营业收入增加8.6%至5,022万美元，占净销售额的11.9%[152] - 利息费用下降至35.1万美元[153] - 所得税费用为1,156万美元，有效税率为22.9%[154] - 净利润增加13.6%至3,891万美元[155] - 同店销售增长1.4%，电子商务同店销售增长6.7%[148] 门店和资本支出 - 截至2024年6月29日共有411家门店，总零售面积为454.7万平方英尺[156] - 预计2025财年资本支出将在1.15亿至1.2亿美元之间[160] 融资和风险 - 公司支付了3980万美元的循环信贷额度，支付了230万美元的限制性股票相关税款[175] - 截至2024年6月29日，公司在Wells Fargo循环信贷额度下没有任何未偿还金额[176,177] - 截至2024年6月29日，公司市场风险没有其他重大变化[177]

财务业绩 - 第一季度销售额增长10.3%至4.234亿美元[5] - 净利润为3890万美元,每股摊薄收益1.26美元,较上年同期分别增长13.4%和11.5%[10] - 公司本季度净销售额为4.23亿美元，同比增长10.3%[30] - 毛利率为37.0%，同比增长1.1个百分点[30] - 营业利润为5,022万美元，同比增长8.6%[30] - 净利润为3,891万美元，同比增长13.6%[30] - 每股基本收益为1.28美元，每股摊薄收益为1.26美元[31] 门店拓展 - 公司新开11家门店,总店铺数达411家[2] - 预计2025财年将新开60家门店,总销售额为18.16亿美元至18.50亿美元[17] - 截至2024年6月29日，公司共有411家门店，较上一季度净增11家[35] 同店销售 - 同店销售增长1.4%,其中实体店同店销售增长0.8%,电商同店销售增长6.7%[5] - 预计2025财年第二季度总销售额为4.05亿美元至4.12亿美元,同店销售下降0.5%至增长1.4%[18] - 同店销售增长1.4%[36] - 每家可比门店销售额为98万美元[36] 财务状况 - 资产负债表方面,现金余额为8300万美元,无银行借款[16] - 截至2024年6月29日，公司现金及现金等价物余额为8.34亿美元[33] - 公司在本季度购置了2,707万美元的固定资产[32] 财务预测 - 预计2025财年将新开60家门店,总销售额为18.16亿美元至18.50亿美元,同店销售下降1.0%至增长1.2%[17] - 预计2025财年第二季度总销售额为4.05亿美元至4.12亿美元,同店销售下降0.5%至增长1.4%[18] - 预计2025财年净利润为1.561亿美元至1.654亿美元,每股收益5.05美元至5.35美元[18] - 毛利率维持在37.0%左右,销售费用率为25.6%至25.4%[17,18]

For the most recent quarter, Boot Barn was expected to post earnings of $0.89 per share, but it reported $1.01 per share instead, representing a surprise of 13.48%. For the previous quarter, the consensus estimate was $1.80 per share, while it actually produced $1.81 per share, a surprise of 0.56%. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with t ...

Author's Calculation Using TIKR Data In Q4, Boot Barn still reported a -5.9% consolidated same-store sales decline, lower than Designer Brands' (DBI) - 2.5% comparable decline in the same period and Shoe Carnival's (SCVL) -3.4% comparable deeline - the Q1 results are expected to show quite a good sequential improvenent after Boot Bam has recently underperiormed the peers in the challenging industry backdrop. Profitability is expected to take a moderate hit from the slower same-store sales, which I see as a ...

Shares of this Zacks Rank #3 (Hold) company have advanced 51.5% in the past three months compared with the industry's rise of 1.9%. The positive sentiment surrounding Boot Barn Holdings is reflected in the upward revisions of the Zacks Consensus Estimate for earnings per share. Over the past 30 days, analysts have increased the estimate for the current fiscal year by a couple of cents, now standing at $4.82 per share. The estimate for the next fiscal year has also risen by three cents to $5.80 per share. Th ...

Last week, subscribers to Schaeffer's Weekend Trader Alert doubled their money with our Boot Barn Holdings Inc (NYSE:BOOT) July 110 call. Below, we'll unpack the contrarian drivers we saw that made the bullish bet enticing. At the time of our recommendation on Sunday, May 26, BOOT was trading at $113.25. The stock had pulled back to layers of support at its April high and 10-day moving average. Though BOOT had slipped after bearish guidance last month, the shares went on to have a bullish outside day reacti ...