Boot Barn Holdings raised its fiscal 2027 earnings guidance after first-quarter earnings of $2.29 per share beat the Zacks Consensus Estimate of $1.69 by 35.5% and sales rose 17.7% to $593.5 million. The company now projects earnings of $8.80 to $9.23 per share on total sales of $2.58 billion to $2.63 billion, supported by 70 new store openings. However, the first-quarter merchandise margin included a 250-basis-point benefit from $14.7 million in tariff refunds, which added 38 cents to earnings per share, and that benefit is expected to drop to $2.4 million in the second quarter and $0.7 million in the third before disappearing entirely in the fourth quarter. Excluding refunds, product margin expanded 60 basis points in the first quarter, and management expects about 60 basis points of expansion for the full fiscal year, driven by scale benefits and better full-price selling. Early second-quarter consolidated same-store sales were flat, with retail store comparable sales down 1.2% and e-commerce comparable sales up 10.7%, trailing the full-year target of 2% to 4% growth.
Boot Barn Holdings IncRaises fiscal 2027 guidance after Q1 beat, though tariff refund benefit fades.
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