Boot Barn Holdings Inc (NYSE:BOOT) shares are tumbling in Wednesday’s after-hours session after the specialty retailer missed top-line estimates and issued weak guidance.
- Q4 Revenue: $425.7 million missed estimates of $441.16 million
- Q4 EPS: $1.53 beat estimates of $1.43
Revenues were up 11% year-over-year, but same-store sales decreased 5.5%. Boot Barn said it opened 12 new stores during the quarter, bringing total stores up to 345.
“While our e-commerce business faced top-line sales pressure, our stores achieved positive same store sales growth for the year as they cycled a remarkable 57% comp store growth in fiscal 2022,” said Jim Conroy, president and CEO of Boot Barn.
Outlook: Boot Barn expects fiscal first-quarter revenue to be between $357 million and $364 million versus estimates of $388.71 million. Full-year revenue is expected to be between $1.69 billion and $1.723 billion versus estimates of $1.8 billion.
Boot Barn sees first-quarter earnings in a range of 79 cents to 85 cents per share versus estimates of $1.17 per share. The company expects full-year earnings of $4.70 to $5 per share versus estimates of $5.80 per share.
BOOT Price Action: Boot Barn shares were down 15.8% after hours at $63 at the time of publication, per Benzinga Pro.
Photo: Pexels from Pixabay.
