Boot Barn Reports 16% Revenue Growth to $705.6 Million in Latest Quarter

Boot Barn Holdings, Inc. reported significant financial growth in its latest quarterly results, with net sales reaching $705.6 million for the thirteen weeks ended December 27, 2025, a 16% increase from $608.2 million in the same period last year. For the thirty-nine weeks, net sales rose 17.7% to $1.715 billion compared to $1.457 billion in the prior year. The company also saw a rise in net income, which increased to $85.8 million for the quarter, up from $75.1 million, and $181.4 million for the thirty-nine weeks, compared to $143.4 million in the previous year. Earnings per share for the quarter were $2.82, up from $2.46, while diluted earnings per share increased to $2.79 from $2.43.

The company experienced a 5.7% increase in same-store sales during the quarter, with e-commerce sales contributing significantly to this growth, showing a 19.6% increase. The overall increase in sales was attributed to both new store openings and improved same-store performance. Boot Barn operated 514 stores across 49 states as of December 27, 2025, up from 438 stores a year earlier, reflecting its ongoing expansion strategy. The company’s gross profit also improved, rising to $281.2 million, or 39.9% of net sales, compared to 39.3% in the prior year, driven by better merchandise margins and economies of scale.

Boot Barn's selling, general, and administrative (SG&A) expenses increased by 19.4% to $166.5 million for the quarter, primarily due to higher payroll and marketing costs associated with operating more stores. The company noted that SG&A expenses as a percentage of net sales decreased slightly, indicating improved operational efficiency. The increase in expenses was also influenced by a net benefit of $6.7 million in the prior year related to the resignation of the former CEO, which did not recur in the current period.

In terms of liquidity, Boot Barn reported cash and cash equivalents of $200.1 million as of December 27, 2025, a significant increase from $69.8 million at the end of the previous fiscal period. The company generated $309.3 million in net cash from operating activities during the thirty-nine weeks, up from $190.7 million in the prior year. This increase was driven by higher net income and changes in working capital, including a notable rise in accounts payable. Boot Barn also utilized $136.7 million in investing activities, primarily for capital expenditures related to new store openings and improvements to its infrastructure.

Looking ahead, Boot Barn remains focused on expanding its store footprint and enhancing its e-commerce capabilities. The company plans to invest between $125 million and $130 million in capital expenditures for fiscal 2026, which includes new store openings and upgrades to its distribution centers. However, management acknowledged that the business is sensitive to economic conditions and consumer discretionary spending, which could impact future performance. The company continues to monitor market conditions and consumer confidence as it navigates its growth strategy.