Published on 9 Jan 2024 on Zacks via Yahoo Finance
Boot Barn (BOOT) Q3 Earnings Resilient Despite Slowing Sales
Boot Barn Holdings, Inc. BOOT released preliminary results for the third quarter of fiscal 2024, which concluded on Dec 30, 2023. The company is expecting an increase in total sales primarily driven by the addition of new stores. Also, there is an expectation of continued expansion in merchandise margins.
Preliminary Outcome
BOOT expects a modest increase in net sales, amounting to a 1.1% rise to $520.4 million. However, this performance failed to meet management’s anticipation, as they had previously forecast sales in the range of $522-$535 million.