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Boot Barn(BOOT) - 2026 Q1 - Earnings Call Presentation
2025-07-31 20:30
Q1 Fiscal 2026 Results - Q1 Total Sales reached $504 million, showing a 19% growth compared to the previous year[6] - Q1 Consolidated Same Store Sales (SSS) increased by 9.4%[7] - Q1 Merchandise Margin increased by 180 basis points[8] - Q1 Earnings Per Share (EPS) reached $1.74[9] Strategic Initiatives - The company aims for profitable new units with a 15% annual growth, targeting ~$3.2 million in Year 1 Net Sales per store with a ~$1.7 million total net investment and a ~53% Year 1 Cash on Cash Return[13, 15] - The company is planning to open new stores, targeting a total of 524 to 529 stores by the end of FY26[14] - The high-end guidance for Consolidated SSS% in FY26 is 3.5%[19] - Exclusive Brands account for approximately 35% of sales volume[28] FY26 Guidance - Full Year Fiscal 2026 Total Net Sales are projected to be between $2,100 million and $2,180 million, representing a growth of 10% to 14%[34] - Q2 Fiscal 2026 Total Net Sales are guided between $487 million and $495 million, a 14% to 16% increase year-over-year[35] - Full Year Fiscal 2026 Merchandise Margin is guided between 49.9% and 50.3%[34]