Boot Barn: Still Watching Same-Store Sales Performance Closely (Rating Downgrade)

Author's Calculation Using TIKR Data In Q4, Boot Barn still reported a -5.9% consolidated same-store sales decline, lower than Designer Brands' (DBI) - 2.5% comparable decline in the same period and Shoe Carnival's (SCVL) -3.4% comparable deeline - the Q1 results are expected to show quite a good sequential improvenent after Boot Bam has recently underperiormed the peers in the challenging industry backdrop. Profitability is expected to take a moderate hit from the slower same-store sales, which I see as a ...