Boot Barn (BOOT) Q3 Earnings Top Estimates

Core Insights - Boot Barn (BOOT) reported quarterly earnings of $2.43 per share, exceeding the Zacks Consensus Estimate of $2.38 per share, and up from $1.81 per share a year ago, representing an earnings surprise of 2.10% [1] - The company posted revenues of $608.17 million for the quarter ended December 2024, slightly missing the Zacks Consensus Estimate by 0.01%, but up from $520.4 million year-over-year [2] - Boot Barn has surpassed consensus EPS estimates in all four of the last quarters and has topped revenue estimates three times during the same period [2] Earnings Outlook - The sustainability of Boot Barn's stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.26 on revenues of $456.32 million, and for the current fiscal year, it is $5.84 on revenues of $1.91 billion [7] 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, indicating a favorable outlook for the sector [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Boot Barn's stock performance [5][6]