Boot Barn Holdings, Inc. (BOOT - Free Report) is scheduled to release third-quarter fiscal 2020 results on Feb 4, after the closing bell. This Irvine, CA-based lifestyle retailer delivered a positive earnings surprise of 20% in the preceding quarter. It has a trailing four-quarter positive earnings surprise of 22.7%, on average.
Preliminary Q3 Results
Last month, Boot Barn third-quarter preliminary results painted an encouraging picture. Strength in nearly all key product categories and geographic regions drove same-store sales performance. Robust growth in brand penetration and constant focus on full-price selling further boosted the Zacks Rank #2 (Buy) company’s merchandise margin.
Preliminary numbers showed a 6.7% rise in same-store sales. This includes retail store same-store sales growth of 5.7% and rise in e-commerce sales of about 11%. Concurrently, Boot Barn’s same-store sales rose about 6% for the combined November and December period.
Moreover, net sales for the third quarter advanced 11.8% to $284 million Further, Boot Barn’s adjusted earnings per share grew 28.8% to 85 cents, thanks to enhanced sales and improved merchandise margins.
However, we note that the company has been witnessing higher selling, general and administrative costs for a while now. Rise in such expenses can be mainly attributed to higher spending to drive sales, and expenses for new and acquired stores. Management had earlier projected a marginal increase in occupancy costs.
Other Stocks to Consider
Chico's FAS, Inc. has an impressive long-term expected earnings growth rate of 15% and currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Zumiez (ZUMZ - Free Report) , also a Zacks Rank #1 stock, has expected long-term earnings growth rate of 12%.
Genesco Inc. (GCO - Free Report) has expected long-term earnings growth rate of 5% and a Zacks Rank of 1.
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Boot Barn Holdings, Inc. (BOOT - Free Report) is scheduled to release third-quarter fiscal 2020 results on Feb 4, after the closing bell. This Irvine, CA-based lifestyle retailer delivered a positive earnings surprise of 20% in the preceding quarter. It has a trailing four-quarter positive earnings surprise of 22.7%, on average.
Preliminary Q3 Results
Last month, Boot Barn third-quarter preliminary results painted an encouraging picture. Strength in nearly all key product categories and geographic regions drove same-store sales performance. Robust growth in brand penetration and constant focus on full-price selling further boosted the Zacks Rank #2 (Buy) company’s merchandise margin.
Preliminary numbers showed a 6.7% rise in same-store sales. This includes retail store same-store sales growth of 5.7% and rise in e-commerce sales of about 11%. Concurrently, Boot Barn’s same-store sales rose about 6% for the combined November and December period.
Moreover, net sales for the third quarter advanced 11.8% to $284 million Further, Boot Barn’s adjusted earnings per share grew 28.8% to 85 cents, thanks to enhanced sales and improved merchandise margins.
However, we note that the company has been witnessing higher selling, general and administrative costs for a while now. Rise in such expenses can be mainly attributed to higher spending to drive sales, and expenses for new and acquired stores. Management had earlier projected a marginal increase in occupancy costs.
Other Stocks to Consider
Chico's FAS, Inc. has an impressive long-term expected earnings growth rate of 15% and currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Zumiez (ZUMZ - Free Report) , also a Zacks Rank #1 stock, has expected long-term earnings growth rate of 12%.
Genesco Inc. (GCO - Free Report) has expected long-term earnings growth rate of 5% and a Zacks Rank of 1.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
See 5 Stocks Set to Double>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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