Boot Barn (BOOT) Beats Q2 Earnings and Revenue Estimates

Core Insights - Boot Barn (BOOT) reported quarterly earnings of $0.95 per share, exceeding the Zacks Consensus Estimate of $0.93 per share, and showing an increase from $0.91 per share a year ago, resulting in an earnings surprise of 2.15% [1] - The company achieved revenues of $425.8 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.78% and up from $374.46 million year-over-year [2] - Boot Barn's stock has increased approximately 105.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 21.8% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.09 on revenues of $585.38 million, while the estimate for the current fiscal year is $5.38 on revenues of $1.87 billion [7] - The trend of estimate revisions for Boot Barn is favorable, contributing to a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Retail - Apparel and Shoes industry, to which Boot Barn belongs, is currently ranked in the top 24% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Another company in the same industry, Gap (GAP), is expected to report quarterly earnings of $0.57 per share, reflecting a year-over-year decline of 3.4%, with revenues projected at $3.81 billion, a 1% increase from the previous year [9]