Boot Barn(US:BOOT)2024-10-28 20:19Financial Performance - Q2 Fiscal 2025 - Total sales reached $426 million, exceeding both last year's $374 million and the high-end guidance of $412 million[5] - Q2 GAAP EPS was $0.95, surpassing last year's $0.90 and the high-end guidance of $0.87[5] - Income from Operations was $40 million, compared to $39 million last year, also exceeding the high-end guidance of $36 million[5] - Consolidated Same Store Sales (SSS) increased by 4.9%[7] Strategic Growth Initiatives - The company is targeting 15% new unit growth annually, aiming for 460 stores by FY25 E and potentially reaching 900 stores in the future[11, 13, 14] - New stores are projected to contribute approximately $1.5 billion in sales, with an estimated payback period of around 18 months and a Return on Investment (ROIC) of approximately 60%[14] - The company has expanded its store presence to 425 stores across 46 states[12] Exclusive Brands - Exclusive brands penetration reached 38.8% in FY25 E, a significant increase from 9.7% at the time of IPO[9] - Exclusive brands contribute to a margin enhancement of approximately 1,000 bps compared to third-party brands[32] - Full Year Exclusive Brands Sales are projected to reach $740 million in FY25 E[31] FY25 Financial Guidance - Full year total net sales are projected to be between $1.874 billion and $1.907 billion[39] - Full year consolidated SSS% is expected to be between 3% and 5%[39] - GAAP Earnings per Diluted Share are projected to be between $5.30 and $5.60[39]