Boot Barn Holdings, Inc. reported a significant increase in financial performance for the fiscal year ending March 29, 2025, with net sales reaching $1.911 billion, a 14.6% increase from $1.667 billion in the previous fiscal year. The company's gross profit also rose to $717 million, up 16.7% from $614 million, resulting in a gross profit margin of 37.5%, compared to 36.9% in fiscal 2024. Net income for the year was $180.9 million, reflecting a 23.1% increase from $147 million in the prior year. The growth in revenue was attributed to both new store openings and a 5.5% increase in same-store sales, which included a notable 9.7% rise in e-commerce sales.
Boot Barn continued its expansion strategy, opening 60 new stores during fiscal 2025, bringing its total to 459 locations across 49 states. The company has identified potential for further growth, aiming to increase its store count to approximately 900 in the long term. The average store size is approximately 11,200 square feet, and the company maintains a strong presence in key markets, particularly in states like Texas and California, where it operates a significant number of its stores.
Operationally, Boot Barn's customer loyalty program, B Rewarded, has grown to approximately 9.6 million members, contributing to a loyal customer base that drives a substantial portion of sales. The company also reported a strong online presence, with over 114 million visits to its e-commerce sites during the fiscal year. The integration of in-store and online shopping experiences has been enhanced through various initiatives, including buy online, pick up in-store options and the use of touch screen devices in stores to access additional inventory.
Looking ahead, Boot Barn plans to continue focusing on its omni-channel capabilities, driving same-store sales growth, and expanding its exclusive brand portfolio. The company aims to leverage its economies of scale to enhance profitability and maintain its competitive edge in the western and work-related apparel market. Despite the positive outlook, the company acknowledged potential risks, including economic fluctuations and competition, which could impact future performance.
About Boot Barn Holdings, Inc.
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