We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
BOOT's Q2 Earnings on Deck: What Investors Should Brace For
Read MoreHide Full Article
Key Takeaways
Boot Barn's Q2 revenues are projected to rise 15% to $581.2M, while EPS is expected to grow 19% to $1.63.
Store expansion, robust workwear demand and growing omnichannel capabilities are likely to support Q2 results.
BOOT shares have fallen 28% in three months and trade at a forward P/E of 11.87X, below the industry's 12.92X.
With Boot Barn Holdings, Inc. (BOOT - Free Report) set to announce its second-quarter fiscal 2027 earnings results after the market closes on Oct. 28, investors face a critical question: Can BOOT maintain its streak of positive earnings surprises, or will challenges in the retail sector temper its growth?
The Zacks Consensus Estimate for second-quarter revenues stands at $581.2 million, indicating a 15% increase from the prior-year reported figure. On the earnings front, the consensus estimate has remained stable at $1.63 per share over the past 30 days, implying year-over-year growth of 19%.
Boot Barn Holdings has a trailing four-quarter earnings surprise of 11.4%, on average. In the last reported quarter, this Irvine, CA-based company surpassed the Zacks Consensus Estimate by 35.5%.
Image Source: Zacks Investment Research
What the Zacks Model Indicates for BOOT’s Q2 Earnings
As investors prepare for Boot Barn Holdings’ second-quarter results, the question looms regarding an earnings beat or miss. Our proven model predicts that an earnings beat is likely for Boot Barn Holdings this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.
Boot Barn Holdings has a Zacks Rank #2 and an Earnings ESP of +0.92%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Boot Barn Holdings, Inc. Price, Consensus and EPS Surprise
Boot Barn Holdings’ second-quarter fiscal 2027 performance is likely to have benefited from its aggressive store expansion strategy and the encouraging performance of newly opened locations. The company entered the quarter with strong momentum in new store productivity, reflecting healthy customer demand across its expanding footprint. Management remained confident in its store-opening pipeline, supported by attractive store economics and opportunities to expand into underserved markets. The addition of new locations is likely to have strengthened Boot Barn’s market presence, attracted new customers and supported overall sales growth during the quarter.
Beyond store expansion, Boot Barn’s efforts to strengthen its merchandise assortment and reinvigorate the workwear business are likely to have aided second-quarter performance. The company has been benefiting from improved demand for work boots and work apparel, driven by better in-store merchandising, increased marketing focus and a stronger selection of established third-party brands. Management indicated that the workwear business maintained healthy momentum entering the quarter, reflecting resilient demand from customers purchasing products for everyday work needs. Continued strength in this category, along with merchandising improvements in denim and women's Western boots, may have helped attract customers and support sales.
Meanwhile, Boot Barn’s growing omnichannel capabilities are likely to have provided another boost to its quarterly performance. The company has been witnessing encouraging demand across its digital business, supported by the strength of bootbarn.com and its efforts to create a seamless shopping experience. Services such as buy online, pick up in store and ship-to-store have been helping drive customer engagement while making inventory more accessible across channels. The company's ability to fulfill online orders through its store network is also likely to have supported fulfillment efficiency and profitability. These initiatives, combined with continued investments in digital shopping capabilities, may have helped sustain e-commerce momentum during the quarter.
On its last earnings call, management guided consolidated same-store sales in the range of flat to up 2%, with retail store same-store sales between down 1% and up 1% and e-commerce same-store sales growth of 10% to 12%.
On the profitability front, Boot Barn’s focus on merchandise margin expansion and disciplined cost management is likely to have supported earnings growth. The company has been benefiting from improved full-price selling, favorable buying economies of scale, supply-chain efficiencies and strategic sourcing initiatives. Management also expected lower freight expenses compared with the prior-year period, which may have provided additional support to merchandise margins. Anticipated tariff refunds are likely to have offered a favorable contribution to profitability. Together with efficient expense management and better operating leverage, these factors may have boosted Boot Barn’s bottom-line performance during the second quarter.
BOOT Stock Price Performance
Shares of Boot Barn Holdings have fallen 28% over the past three months compared with the industry’s 10.7% decline.
Boot Barn Holdings has trailed Designer Brands Inc. (DBI - Free Report) and Wolverine World Wide, Inc. (WWW - Free Report) . While shares of Designer Brands have risen 0.7%, those of Wolverine World Wide have dropped 2.8%.
Image Source: Zacks Investment Research
Does BOOT Present a Strong Case for Value Investing?
Boot Barn Holdings’ valuation remains discounted relative to the industry. BOOT currently trades at a forward 12-month price-to-earnings (P/E) multiple of 11.87, below the industry average of 12.92. The stock also trades below its 12-month median P/E multiple of 19.07.
However, BOOT trades at a premium to Designer Brands and Wolverine World Wide, which have forward 12-month P/E multiples of 11.04 and 11.19, respectively.
Image Source: Zacks Investment Research
Final Words on BOOT
Boot Barn appears well-positioned ahead of its second-quarter earnings release, supported by store expansion, healthy workwear demand, growing omnichannel capabilities and margin improvement efforts. The likelihood of an earnings beat, coupled with its discounted valuation and encouraging growth prospects, strengthens the stock’s investment appeal despite recent share price weakness. Existing investors may consider retaining their positions, while prospective investors could view the recent pullback as an opportunity to gain exposure ahead of earnings.
View the Zacks #1 Rank List
Image: Shutterstock
BOOT's Q2 Earnings on Deck: What Investors Should Brace For
Key Takeaways
With Boot Barn Holdings, Inc. (BOOT - Free Report) set to announce its second-quarter fiscal 2027 earnings results after the market closes on Oct. 28, investors face a critical question: Can BOOT maintain its streak of positive earnings surprises, or will challenges in the retail sector temper its growth?
The Zacks Consensus Estimate for second-quarter revenues stands at $581.2 million, indicating a 15% increase from the prior-year reported figure. On the earnings front, the consensus estimate has remained stable at $1.63 per share over the past 30 days, implying year-over-year growth of 19%.
Boot Barn Holdings has a trailing four-quarter earnings surprise of 11.4%, on average. In the last reported quarter, this Irvine, CA-based company surpassed the Zacks Consensus Estimate by 35.5%.
Image Source: Zacks Investment Research
What the Zacks Model Indicates for BOOT’s Q2 Earnings
As investors prepare for Boot Barn Holdings’ second-quarter results, the question looms regarding an earnings beat or miss. Our proven model predicts that an earnings beat is likely for Boot Barn Holdings this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.
Boot Barn Holdings has a Zacks Rank #2 and an Earnings ESP of +0.92%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Boot Barn Holdings, Inc. Price, Consensus and EPS Surprise
Boot Barn Holdings, Inc. price-consensus-eps-surprise-chart | Boot Barn Holdings, Inc. Quote
Factors Likely to Have Shaped BOOT’s Q2 Outcome
Boot Barn Holdings’ second-quarter fiscal 2027 performance is likely to have benefited from its aggressive store expansion strategy and the encouraging performance of newly opened locations. The company entered the quarter with strong momentum in new store productivity, reflecting healthy customer demand across its expanding footprint. Management remained confident in its store-opening pipeline, supported by attractive store economics and opportunities to expand into underserved markets. The addition of new locations is likely to have strengthened Boot Barn’s market presence, attracted new customers and supported overall sales growth during the quarter.
Beyond store expansion, Boot Barn’s efforts to strengthen its merchandise assortment and reinvigorate the workwear business are likely to have aided second-quarter performance. The company has been benefiting from improved demand for work boots and work apparel, driven by better in-store merchandising, increased marketing focus and a stronger selection of established third-party brands. Management indicated that the workwear business maintained healthy momentum entering the quarter, reflecting resilient demand from customers purchasing products for everyday work needs. Continued strength in this category, along with merchandising improvements in denim and women's Western boots, may have helped attract customers and support sales.
Meanwhile, Boot Barn’s growing omnichannel capabilities are likely to have provided another boost to its quarterly performance. The company has been witnessing encouraging demand across its digital business, supported by the strength of bootbarn.com and its efforts to create a seamless shopping experience. Services such as buy online, pick up in store and ship-to-store have been helping drive customer engagement while making inventory more accessible across channels. The company's ability to fulfill online orders through its store network is also likely to have supported fulfillment efficiency and profitability. These initiatives, combined with continued investments in digital shopping capabilities, may have helped sustain e-commerce momentum during the quarter.
On its last earnings call, management guided consolidated same-store sales in the range of flat to up 2%, with retail store same-store sales between down 1% and up 1% and e-commerce same-store sales growth of 10% to 12%.
On the profitability front, Boot Barn’s focus on merchandise margin expansion and disciplined cost management is likely to have supported earnings growth. The company has been benefiting from improved full-price selling, favorable buying economies of scale, supply-chain efficiencies and strategic sourcing initiatives. Management also expected lower freight expenses compared with the prior-year period, which may have provided additional support to merchandise margins. Anticipated tariff refunds are likely to have offered a favorable contribution to profitability. Together with efficient expense management and better operating leverage, these factors may have boosted Boot Barn’s bottom-line performance during the second quarter.
BOOT Stock Price Performance
Shares of Boot Barn Holdings have fallen 28% over the past three months compared with the industry’s 10.7% decline.
Boot Barn Holdings has trailed Designer Brands Inc. (DBI - Free Report) and Wolverine World Wide, Inc. (WWW - Free Report) . While shares of Designer Brands have risen 0.7%, those of Wolverine World Wide have dropped 2.8%.
Image Source: Zacks Investment Research
Does BOOT Present a Strong Case for Value Investing?
Boot Barn Holdings’ valuation remains discounted relative to the industry. BOOT currently trades at a forward 12-month price-to-earnings (P/E) multiple of 11.87, below the industry average of 12.92. The stock also trades below its 12-month median P/E multiple of 19.07.
However, BOOT trades at a premium to Designer Brands and Wolverine World Wide, which have forward 12-month P/E multiples of 11.04 and 11.19, respectively.
Image Source: Zacks Investment Research
Final Words on BOOT
Boot Barn appears well-positioned ahead of its second-quarter earnings release, supported by store expansion, healthy workwear demand, growing omnichannel capabilities and margin improvement efforts. The likelihood of an earnings beat, coupled with its discounted valuation and encouraging growth prospects, strengthens the stock’s investment appeal despite recent share price weakness. Existing investors may consider retaining their positions, while prospective investors could view the recent pullback as an opportunity to gain exposure ahead of earnings.