Boot Barn(BOOT) - 2025 Q3 - Earnings Call Presentation

Financial Performance - Q3 Fiscal Year 2025 total sales reached $608 million[8]，exceeding the high-end guidance[8] - Q3 GAAP EPS was $2.43[8]，also surpassing the high-end guidance[8] - Q3 Income from Operations totaled $99.5 million[8]，outperforming the high-end guidance[8] - The company projects an effective tax rate of 25.4% for Q4 Fiscal Year 2025 and approximately 26% for Fiscal Year 2026[10, 16] Sales Growth & Margins - The company anticipates approximately $1.5 billion in sales from new store opportunities[31] - Exclusive brands penetration is estimated to reach 38.7% in Fiscal Year 2025[47]，reflecting a 100 basis points increase over Fiscal Year 2024[47] - The company estimates 760bps of Total Merchandise Margin Expansion[50] Strategic Initiatives & Expansion - The company plans for 15% new unit growth annually[22, 29] - The company is planning to open 60 new stores in Fiscal Year 2025[24] - The company has identified an opportunity for approximately 500 additional stores[31] Fiscal Year 2025 Guidance - Full Year Fiscal Year 2025 total net sales are projected to be between $1.908 billion and $1.918 billion[57] - Full Year Fiscal Year 2025 consolidated SSS% is expected to be between 5.4% and 5.9%[57] - Full Year Fiscal Year 2025 GAAP Earnings per Diluted Share are projected to be between $5.81 and $5.90[57]