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Factors to Know Ahead of Boot Barn's (BOOT) Q3 Earnings
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Boot Barn Holdings, Inc. (BOOT - Free Report) is slated to come out with third-quarter fiscal 2019 results on Feb 5, 2019. In the trailing four quarters, the company has outperformed the Zacks Consensus Estimate by average of 15.1%.
Key Factors Influencing Q3
Boot Barn is making efforts to enhance omni-channel capabilities. In this regard, the company improved its search engine optimization and site navigation along with refining pay-per-click feature. It is also focusing on lowering promotional activities and duplicative overhead costs along with eliminating unprofitable and low margin items. Notably, the company witnessed double-digit sales growth in the e-commerce unit during the third quarter.
Moreover, in a bid to drive sales growth, Boot Barn is undertaking strategies such as store openings and store acquisitions from local operators. Additionally, the company launched an exclusive line of apparel and accessories chain namely Hawx Work Wear, in October 2018, to attract customers who prefer traditional outfits.
This Zacks Rank #2 (Buy) company is riding well on the back of solid same-store sales for seven consecutive quarters, driven by strong performances in every product category such as work apparel, work boots, and ladies and men's Western apparel.
Management recently announced third-quarter preliminary results, wherein it highlighted that same-store sales grew approximately 9.2% along with double-digit growth in e-commerce and high-single-digit growth in retail stores. Net sales rallied 13% to about $254 million during the quarter. The company stated that earnings per share came in at roughly 66 cents, better than 46 cents reported in the year-ago quarter.
DSW Inc. has long-term earnings growth rate of 9% and a Zacks Rank #1.
Genesco Inc. (GCO - Free Report) has long-term earnings growth rate of 7.5% and a Zacks Rank #1.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Factors to Know Ahead of Boot Barn's (BOOT) Q3 Earnings
Boot Barn Holdings, Inc. (BOOT - Free Report) is slated to come out with third-quarter fiscal 2019 results on Feb 5, 2019. In the trailing four quarters, the company has outperformed the Zacks Consensus Estimate by average of 15.1%.
Key Factors Influencing Q3
Boot Barn is making efforts to enhance omni-channel capabilities. In this regard, the company improved its search engine optimization and site navigation along with refining pay-per-click feature. It is also focusing on lowering promotional activities and duplicative overhead costs along with eliminating unprofitable and low margin items. Notably, the company witnessed double-digit sales growth in the e-commerce unit during the third quarter.
Moreover, in a bid to drive sales growth, Boot Barn is undertaking strategies such as store openings and store acquisitions from local operators. Additionally, the company launched an exclusive line of apparel and accessories chain namely Hawx Work Wear, in October 2018, to attract customers who prefer traditional outfits.
This Zacks Rank #2 (Buy) company is riding well on the back of solid same-store sales for seven consecutive quarters, driven by strong performances in every product category such as work apparel, work boots, and ladies and men's Western apparel.
Boot Barn Holdings, Inc. Price and EPS Surprise
Boot Barn Holdings, Inc. Price and EPS Surprise | Boot Barn Holdings, Inc. Quote
A Synopsis of Q3 Preliminary Results
Management recently announced third-quarter preliminary results, wherein it highlighted that same-store sales grew approximately 9.2% along with double-digit growth in e-commerce and high-single-digit growth in retail stores. Net sales rallied 13% to about $254 million during the quarter. The company stated that earnings per share came in at roughly 66 cents, better than 46 cents reported in the year-ago quarter.
3 More Stocks to Consider
Abercrombie & Fitch Company (ANF - Free Report) has long-term earnings growth rate of 15.3% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
DSW Inc. has long-term earnings growth rate of 9% and a Zacks Rank #1.
Genesco Inc. (GCO - Free Report) has long-term earnings growth rate of 7.5% and a Zacks Rank #1.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>