Boot Barn(US:BOOT)2026-01-12 15:30Financial Performance - Q3 Fiscal Year 2026 total sales reached $706 million, exceeding the high-end guidance [8] - Q3 Fiscal Year 2026 earnings per share (EPS) were $2.79, surpassing the high-end guidance [8] - Q3 Fiscal Year 2026 income from operations was $114.8 million, also exceeding the high-end guidance [8] - Q3 Fiscal Year 2026 same-store sales (SSS) increased by 5.7% [8] - The company has experienced over a decade of strong sales growth, with Q3 Fiscal Year 2026 TTM (trailing twelve months) total sales reaching $2169 million [19] - Q3 Fiscal Year 2026 GAAP Earnings Per Share is $2.79, with 15% Growth vs LY[16] Strategic Initiatives - The company is focused on new store growth, with a target of 15% new store growth in Fiscal Year 2026 [26] - New stores are expected to have first-year net sales of approximately $3.2 million and a total net investment of around $1.7 million, resulting in a cash-on-cash return of approximately 53% and a payback period of about 1.8 years [24] - The company estimates a total addressable market (TAM) of approximately $58 billion and a potential for 1,200 stores in the U S [28] Margin and Exclusive Brands - The company's Q3 Fiscal Year 2026 YTD merchandise margin growth is estimated to have expanded by 790 basis points [54] - Exclusive brands penetration reached 41.1% in Q3 Fiscal Year 2026 YTD, enhancing margins by approximately 1,000 basis points compared to third-party brands [56] - Q3 Exclusive Brands Penetration % is 41.5%, +240bps vs LY[60]