--- title: "Boot Barn | 8-K: FY2026 Revenue Beats Estimate at USD 2.254 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/286499774.md" datetime: "2026-05-15T03:02:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286499774.md) - [en](https://longbridge.com/en/news/286499774.md) - [zh-HK](https://longbridge.com/zh-HK/news/286499774.md) --- # Boot Barn | 8-K: FY2026 Revenue Beats Estimate at USD 2.254 B Revenue: As of FY2026, the actual value is USD 2.254 B, beating the estimate of USD 2.246 B. EPS: As of FY2026, the actual value is USD 7.35, beating the estimate of USD 7.3256. EBIT: As of FY2026, the actual value is USD 300.67 M, beating the estimate of USD 300.41 M. #### Fiscal Year 2026 Financial Highlights Boot Barn Holdings, Inc. reported consolidated same-store sales (SSS%) of 7.2% for Fiscal Year 2026, an increase from 5.5% in Fiscal Year 2025, with store SSS% at 6.2% (up from 5.0%) and e-commerce SSS% at 15.3% (up from 9.7%).The company opened 80 new stores in FY26, bringing the total to 539 stores at year-end, compared to 60 new stores in FY25.Merchandise margin was 50.9% in FY26, an 80 basis point increase from 50.1% in FY25.Exclusive brands penetration increased by 220 basis points to 40.8% in FY26.Gross profit was $858.4 million, or 38.1% of sales in FY26, up from $717.0 million or 37.5% of sales in FY25, driven by an 80 basis-point increase in merchandise margin rate, partially offset by 20 basis points of deleverage in buying, occupancy, and distribution center costs.Selling, General & Administrative (SG&A) expenses were $559.2 million, or 24.8% of sales in FY26, compared to $477.7 million or 25.0% of sales in FY25, representing a 20 basis point leverage.Income from operations increased by $59.8 million to $299.1 million, or 13.3% of sales in FY26, compared to $239.4 million or 12.5% of sales in FY25.Net income reached $225.9 million, compared to $180.9 million in Fiscal 2025.Income tax expense was $74.7 million, with an effective tax rate of 24.9%, compared to $59.2 million and an effective tax rate of 24.6% in Fiscal 2025.Boot Barn Holdings, Inc. repurchased 286,504 shares of its common stock for an aggregate price of $50.0 million during the fifty-two weeks ended March 28, 2026.Average inventory per store decreased approximately 0.6% on a same-store basis compared to Fiscal 2025.Cash and cash equivalents totaled $141 million as of March 28, 2026.There was zero drawn under the $250 million revolving credit facility. #### Fourth Quarter Fiscal 2026 Financial Highlights Consolidated same-store sales increased by 6.1% for Q4 FY26, compared to 6.0% in Q4 FY25, with retail store same store sales increasing by 5.2% and e-commerce same store sales increasing by 14.1%.Gross profit was $195.7 million, or 36.3% of net sales, compared to $168.6 million, or 37.1% of net sales, in the prior-year period, representing an 80 basis point decrease primarily due to 50 basis points of deleverage in buying, occupancy, and distribution center costs and a 30 basis-point decrease in merchandise margin rate.SG&A expenses were $138.5 million, or 25.7% of net sales, compared to $118.9 million, or 26.2% of net sales, in the prior-year period, leveraging by 50 basis points.Income from operations increased by $7.5 million to $57.2 million, or 10.6% of net sales, compared to $49.7 million, or 11.0% of net sales, in the prior-year period.Net income was $44.4 million, compared to $37.5 million in the prior-year period.Income tax expense was $13.2 million, with an effective tax rate of 22.9%, compared to $12.4 million and an effective tax rate of 24.8% in the prior-year period.The company opened 25 new stores during the quarter, bringing the total store count to 539 as of the quarter end. #### Cash Flow (Fiscal Year Ended March 28, 2026) Net cash provided by operating activities was $304,903 thousand.Net cash used in investing activities was - $178,805 thousand, with purchases of property and equipment amounting to - $178,561 thousand.Net cash used in financing activities was - $54,832 thousand. #### Operational Metrics and Targets Boot Barn Holdings, Inc. targets new stores with approximately 12,000 selling square feet, projected to generate approximately $3.2 million in Year 1 Net Sales.The net capital investment per new store is approximately $0.9 million, with a net inventory investment of approximately $0.8 million, totaling a net investment of approximately $1.7 million.These stores are expected to achieve a Year 1 Cash on Cash Return of approximately 53% and a payback period of approximately 1.8 years.Boot Barn Holdings, Inc. estimates a U.S. store count potential of 1,200 stores.The FY26 average unit comparable store sales volume was $4.2 million.Exclusive brands penetration reached 40.8% in FY26, with a long-term target of 50.0%. #### Outlook / Guidance For the full fiscal year 2027, Boot Barn Holdings, Inc. anticipates consolidated same-store sales growth between 2.0% and 4.0% and plans to open 70 new stores, in addition to 10 stores accelerated and opened in the fourth quarter of Fiscal 2026.Net income is expected to range from $251.1 million to $264.5 million, with capital expenditures between $125 million and $130 million.For the first fiscal quarter of 2027, consolidated same-store sales growth is projected to be between 2.0% and 4.0%.Q1 FY27 earnings are expected to be softer year-over-year due to a strong Q1 in the prior year, creating a difficult comparison, while Q2 FY27 earnings are anticipated to be in line with Q1 FY27, leading to strong year-over-year growth due to a comparatively smaller Q2 in the previous year. ### Related Stocks - 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