Boot Barn CEO Raises Store Count Goal to 1,200 as Western Craze Helps Company Deliver Q2 Growth

Core Insights - Boot Barn is raising its yearly guidance and store opening targets due to the sustained popularity of Western-themed products [1][5] Financial Performance - In Q2 of fiscal 2026, Boot Barn reported net sales of $505.4 million, an increase of 18.7% from $425.8 million in the same period last year [1] - Net income for Q2 was $42.2 million, or $1.37 per diluted share, compared to $29.4 million, or $0.95 per diluted share, in the prior-year period [1][2] Sales Growth Drivers - The increase in net sales was attributed to new store openings and a rise in consolidated same-store sales [2] - Boot Barn opened 16 new stores in Q2, bringing the total store count to 489 as of September 27 [2] Strategic Initiatives - CEO John Hazen highlighted the strong quarterly performance as evidence of the brand's resilience and broad appeal [3] - The company reported strong performance across all major merchandise categories and geographies, with both retail and e-commerce channels thriving [4] Market Potential - Boot Barn's total addressable market is now estimated at approximately $58 billion, with growth expected across all categories [5] - The company believes it can operate 1,200 stores in the U.S., an increase from the previous estimate of 900, which is more than double its current footprint [5] Future Guidance - For fiscal 2026, Boot Barn expects total sales between $2.20 billion and $2.24 billion, representing growth of 15% to 17% over fiscal year 2025 [6] - Net income for the year is anticipated to be between $207.2 million and $219.6 million, or $6.75 to $7.15 per diluted share [6] - The company plans to open 70 new stores throughout the year [6]