Boot Barn Raises Yearly Guidance After Strong Q3

Core Viewpoint - Boot Barn has raised its guidance for fiscal 2026 after exceeding expectations in Q3, driven by strong sales growth and the ongoing popularity of Western-themed products [1][5]. Financial Performance - In Q3 of fiscal 2026, Boot Barn reported net sales of $705.6 million, a 16% increase from $608.2 million in the same period last year [1]. - Net income for Q3 was $85.8 million, or $2.79 per diluted share, compared to $75.1 million, or $2.43 per diluted share, in the prior-year period [1]. Sales Growth Drivers - The increase in net sales was attributed to new store openings and a rise in consolidated same-store sales [3]. - Boot Barn opened 25 new stores in Q3, bringing the total store count to 514 as of December 27 [3]. Future Expectations - The company anticipates total sales for fiscal 2026 to be between $2.24 billion and $2.25 billion, reflecting a growth of 17% to 18% over fiscal year 2025 [5]. - Net income for the year is expected to be between $222.8 million and $225.8 million, or $7.25 to $7.35 per diluted share [5]. Recent Performance Insights - In the early weeks of the fourth fiscal quarter, consolidated same-store sales grew in the high-single digits, despite recent winter storms impacting sales [4]. - Preliminary same-store sales growth for the five weeks ending January 31 was negatively affected by an estimated $5 million due to store closures from winter storms, but growth was 9.1% for the 26 days prior to the storms [4].