Clothing and footwear retailer Boot Barn (NYSE: BOOT) will be reporting results tomorrow after market close. Here’s what to look for.
Boot Barn met analysts’ revenue expectations last quarter, reporting revenues of $608.2 million, up 16.9% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA estimates but EPS guidance for next quarter missing analysts’ expectations.
Is Boot Barn a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Boot Barn’s revenue to grow 17.9% year on year to $458 million, a reversal from the 8.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.25 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Boot Barn has missed Wall Street’s revenue estimates four times over the last two years.
With Boot Barn being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for apparel and footwear retail stocks. However, there has been positive investor sentiment in the segment, with share prices up 14.5% on average over the last month. Boot Barn is up 43% during the same time and is heading into earnings with an average analyst price target of $159 (compared to the current share price of $139.96).
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