Boot Barn (NYSE:BOOT) Announces Earnings Results, Beats Estimates By $0.02 EPS

15 May 2026, 13:54 by Scott Moore · The Cerbat Gem

Boot Barn (NYSE:BOOT – Get Free Report) released its quarterly earnings results on Thursday. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.02, FiscalAI reports. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. The firm had revenue of $538.75 million for the quarter, compared to analysts’ expectations of $531.23 million. During the same period in the prior year, the firm earned $1.22 EPS. The business’s revenue was up 18.7% on a year-over-year basis. Boot Barn updated its Q1 2027 guidance to 1.620-1.710 EPS and its FY 2027 guidance to 8.210-8.640 EPS.

Here are the key takeaways from Boot Barn’s conference call:

Boot Barn reported a strong fiscal 2026, with revenue up 18% to $2.25 billion, same-store sales up 7.2%, and EPS up 25% to $7.35, alongside a record 80 new store openings.
Fourth quarter results also topped expectations, with revenue up 19%, same-store sales up 6.1%, and EPS up 19% to $1.45; management said current quarter-to-date comps are still running up 5%.
Management highlighted progress on exclusive brands and sourcing, including exclusive brand penetration reaching 40.8% for the year and new brand websites driving customer acquisition, while the in-house sourcing team helped offset tariff pressure and expand margins.
The work boot category has reaccelerated, delivering four consecutive quarters of comp growth, and management said it is seeing stronger sell-through from selected third-party work boot brands as it refines the assortment.
For fiscal 2027, Boot Barn guided to sales of $2.6 billion and EPS of $8.64 at the high end, while noting some near-term pressure from new store openings, higher occupancy costs, and freight/tariff-related uncertainty.

Boot Barn Stock Performance

Shares of NYSE BOOT traded down $0.02 during mid-day trading on Friday, reaching $146.34. The company had a trading volume of 946,163 shares, compared to its average volume of 690,723. Boot Barn has a one year low of $133.18 and a one year high of $210.25. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 0.89 and a beta of 1.73. The business’s 50-day simple moving average is $159.66 and its 200 day simple moving average is $179.24.

Key Boot Barn News

Here are the key news stories impacting Boot Barn this week:

Positive Sentiment: Boot Barn reported fiscal Q4 earnings and revenue that topped Wall Street expectations, with EPS of $1.45 versus $1.43 expected and revenue of $538.75 million versus $531.23 million anticipated. Revenue rose 18.7% year over year, underscoring continued demand. Boot Barn (BOOT) Q4 Earnings and Revenues Top Estimates
Positive Sentiment: The company gave a bullish fiscal 2027 outlook, guiding for $2.6 billion in sales and $8.21-$8.64 in EPS, which supports the view that growth can continue even after a strong year. Boot Barn outlines fiscal ’27 outlook with $2.6B sales and $8.64 EPS targets as store expansion continues
Positive Sentiment: Boot Barn’s Q1 sales beat estimates, and shares were reported higher after the beat, suggesting the market is rewarding the company’s operating momentum. Boot Barn’s (NYSE:BOOT) Q1 CY2026 Sales Beat Estimates
Neutral Sentiment: Analysts remain constructive overall, with Robert W. Baird and BTIG reiterating positive ratings, though Baird trimmed its price target slightly to $225 from $244. Analyst note on Boot Barn
Neutral Sentiment: News about new businesses at The Shoppes at Gateway appears more related to the retail center than to Boot Barn’s fundamentals, so it is likely a limited stock driver. These new businesses are coming to The Shoppes at Gateway
Negative Sentiment: The only notable caution is that the stock remains well below its 50-day and 200-day moving averages, suggesting sentiment had been weak before the earnings update.

Institutional Investors Weigh In On Boot Barn

Large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in Boot Barn by 83.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock valued at $194,725,000 after buying an additional 502,275 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Boot Barn by 2,547.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock worth $78,086,000 after acquiring an additional 453,396 shares in the last quarter. Invesco Ltd. increased its stake in Boot Barn by 46.3% in the third quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock valued at $152,033,000 after acquiring an additional 290,493 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Boot Barn in the fourth quarter valued at approximately $26,471,000. Finally, Scopus Asset Management L.P. acquired a new position in Boot Barn during the third quarter valued at approximately $21,573,000.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citigroup reiterated a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. Piper Sandler decreased their price objective on Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday. Zacks Research cut Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Stephens raised Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 target price for the company in a report on Friday, February 6th. Finally, Robert W. Baird reduced their target price on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” rating for the company in a research report on Friday. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $233.09.

Read Our Latest Analysis on BOOT

Boot Barn Company Profile

(Get Free Report)

Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.