Boot Barn (BOOT) Reports Q2: Everything You Need To Know Ahead Of Earnings
Clothing and footwear retailer Boot Barn (NYSE:BOOT) will be reporting results tomorrow after market hours. Here's what you need to know.
Last quarter Boot Barn reported revenues of $383.7 million, up 4.88% year on year, beating analyst revenue expectations by 5.79%. It was a strong quarter for the company, with an impressive beat of analysts' earnings estimates.
Is Boot Barn buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Boot Barn's revenue to grow 7.41% year on year to $377.6 million, slowing down from the 12.4% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.89 per share.
The analysts covering the company have had mixed opinions about the business heading into the earnings, with revenue estimates seeing two upward and four downward revisions over the last thirty days. The company missed Wall St's revenue estimates twice 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 at to get a hint at how this quarter will unravel for apparel and footwear retail stocks, but investors in the segment have had steady hands going into the earnings, with the stocks down on average 0.91% over the last month. Boot Barn is down 14.4% during the same time, and is heading into the earnings with analyst price target of $111.3, compared to share price of $68.7.
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The author has no position in any of the stocks mentioned.
