Boot Barn Holdings, Inc. BOOT recently unveiled its preliminary third-quarter fiscal 2025 results, which ended on Dec. 28, 2024. The company witnessed broad-based growth once again, with same-store sales increasing and surpassing expectations. Positive performance was seen across all channels, regions and key product categories.

Sneak Peek Into BOOT’s Preliminary Results

Boot Barn Holdings’ third-quarter net sales are projected to reach approximately $608.2 million, marking a solid 16.9% year-over-year increase. This strong performance underscores the company’s continued expansion and market appeal, driven by healthy demand across various categories. The ladies' and men's western businesses registered low double-digit and high single-digit growth, respectively.

The company expects same-store sales growth of 8.6% for the quarter, with an 8.2% increase in retail store same-store sales and an 11.1% jump in e-commerce same-store sales. The growth in physical stores and online channels highlights Boot Barn’s effective omnichannel strategy and strong customer engagement.

Thanks to strong full-price selling, Boot Barn Holdings registered a merchandise margin expansion of approximately 130 basis points. The company expects to report income from operations of approximately $99.5 million, up from $75.1 million in the same period last year. The improvement includes a net benefit of $6.7 million tied to the recent CEO transition.

Management foresees third-quarter earnings to be $2.43 per share, based on 30.9 million weighted average diluted shares outstanding. This marks an increase from last year’s earnings of $1.81 per share. The current quarter earnings include an estimated 22 cents a share benefit related to the CEO transition.

The company has continued its expansion strategy, opening 13 new stores in the third quarter, bringing the year-to-date total to 39 new locations. With 438 stores in operation, Boot Barn Holdings remains focused on increasing its market presence while driving revenue growth.

Final Words on BOOT

With a successful third-quarter performance, Boot Barn Holdings is on track to finish its fiscal year on a high note. The company's strategic focus on expanding its store network, coupled with strong sales growth across all channels, positions it for continued success. The company has strategically targeted markets where demand for western and work apparel is high.

Boot Barn’s solid fundamentals and promising long-term prospects make a strong case for remaining bullish on this Zacks Rank #2 (Buy) stock, which has surged 115.7% in the past year compared with the industry’s rise of 41.1%.