Boot Barn Holdings, Inc. Announces Preliminary Third Quarter Results and Participation in the 2022 ICR Conference
January 07, 2022 at 09:00 AM EST
Boot Barn Holdings, Inc. (NYSE: BOOT) today announced preliminary results for the third quarter of fiscal year 2022 ended December 25, 2021, in advance of its participation in the ICR Conference on Monday, January 10, 2022.
Due to the impact of COVID-19 on the Company’s results in its third fiscal quarter ended December 26, 2020, it has provided the below quarterly highlights in comparison to its third fiscal quarter ended December 28, 2019, two years ago.
Preliminary Results for the Third Quarter of Fiscal Year 2022
For the third quarter ended December 25, 2021, the Company expects to report:
Jim Conroy commented “Following an incredibly strong first half of fiscal 2022, we delivered outstanding sales growth once again in the third quarter. Our results were a combination of ongoing customer growth coupled with great preparation and excellent execution by the entire team. Despite supply chain and labor challenges in the retail industry at large, we were able to successfully maintain a strong inventory position and recruit enough seasonal associates for our stores to drive outsized sales performance and continue to grow our market share. The performance was further highlighted by strong full price selling and expansion of our exclusive brand penetration which helped fuel a 420-basis point increase in merchandise margin when compared to the period 2 years ago and a 175% improvement in earnings per share. We are very pleased that our momentum has continued into the fourth quarter, particularly as we cycled strong results in the last year period fueled by government stimulus payments.”
The foregoing expected results are preliminary and remain subject to the completion of normal quarter end accounting procedures and closing adjustments.
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