Boot Barn Reports Strong Q3 Earnings
Boot Barn Holdings Inc. (BOOT) reported third-quarter fiscal earnings of $75.1 million on Thursday. The Irvine, Calif.-based company reported earnings per share of $2.43, exceeding Wall Street estimates of $2.38 per share.
Revenue for the quarter reached $608.2 million, meeting analysts' expectations. For the fourth quarter, Boot Barn anticipates revenue between $451 million and $460 million.
For the full year, the company projects earnings between $5.81 and $5.90 per share, with revenue in the range of $1.91 billion to $1.92 billion.
Boot Barn shares have gained 15% year-to-date. In Thursday's trading session, shares closed at $174.52, more than doubling in value over the past year.