Here's What Key Metrics Tell Us About Boot Barn (BOOT) Q3 Earnings
Boot Barn (BOOT) reported $520.4 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 1.1%. EPS of $1.81 for the same period compares to $1.74 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $520.34 million, representing a surprise of +0.01%. The company delivered an EPS surprise of +0.56%, with the consensus EPS estimate being $1.80.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Boot Barn performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Same Store Sales: -9.7% compared to the -9.9% average estimate based on four analysts.
Stores operating at end of period: 382 versus 382 estimated by three analysts on average.
Average store square footage, end of period: 10,872 versus 10,855 estimated by two analysts on average.
Stores Opened/Acquired: 11 versus the two-analyst average estimate of 11.
View all Key Company Metrics for Boot Barn here>>>
Shares of Boot Barn have returned -1.9% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Boot Barn Holdings, Inc. (BOOT) : Free Stock Analysis Report
