Boot Barn(US:BOOT) ZACKS·2025-01-31 16:01Core Insights - Boot Barn Holdings, Inc. reported strong third-quarter fiscal 2025 results, with revenues meeting estimates and earnings exceeding expectations, showing year-over-year growth [1][2] Financial Performance - Earnings per share (EPS) reached $2.43, a 34.3% increase from $1.81 in the same quarter last year, surpassing the Zacks Consensus Estimate of $2.38 [3] - Net sales amounted to $608.2 million, reflecting a 16.9% year-over-year increase, driven by new store openings and higher same-store sales [3] - Consolidated same-store sales rose by 8.6%, with retail store sales increasing by 8.2% and e-commerce sales by 11.1% [4] Margin and Cost Analysis - Gross profit increased by 20% to $238.9 million, primarily due to higher sales and improved merchandise margins [5] - Gross margin improved by 100 basis points to 39.3%, aided by a 130-basis point increase in merchandise margin, despite a 30-basis point rise in occupancy and distribution costs [6] - Selling, general and administrative (SG&A) expenses were $139.4 million, up 12.5% year over year, but as a percentage of net sales, they declined by 90 basis points to 22.9% [7][8] Future Outlook - For the fiscal fourth quarter, Boot Barn anticipates net sales between $451 million and $460 million, indicating growth of 16.1% to 18.4% year-over-year [11] - The company expects same-store sales to increase by 5.3% to 7.8%, with retail store same-store sales projected to rise by 4.7% to 7.2% and e-commerce sales by 9.6% to 12.1% [11] - For fiscal 2025, Boot Barn plans to open 60 new stores and forecasts total revenues of $1.91 billion to $1.92 billion, up from a previous estimate of $1.87 billion to $1.91 billion [13]