Boot Barn Holdings reported second‑quarter fiscal 2026 results with net sales of $505.4 million, up 18.7% year‑over‑year, and consolidated same‑store sales growth of 8.4%. Diluted earnings per share rose to $1.37 from $0.95 in the prior‑year period, while operating income reached $56.4 million, giving an operating margin of 11.2%. Net cash from operations was $99.6 million and cash and cash equivalents totaled $64.7 million.
In the first quarter of fiscal 2026, the company posted net sales of $504.1 million, same‑store sales growth of 9.4%, and diluted EPS of $1.74, indicating a sequential improvement in revenue and profitability.
Retail store same‑store sales grew 7.8% and e‑commerce same‑store sales increased 14.4% in the quarter. New stores are expected to generate approximately $3.2 million in annual sales and to pay back their initial investment in less than two years, supporting the company’s aggressive expansion plan.
The company updated its fiscal 2026 outlook, raising total sales guidance to $2.197 billion–$2.235 billion from the previous July 31 guidance of $2.100 billion–$2.180 billion. Same‑store sales growth guidance was increased to 4.0%–6.0% from the prior range of –0.5% to 3.5%. Boot Barn also increased its store‑count potential to 1,200 stores from 900 and reaffirmed a total addressable market estimate of $58 billion.
Margin improvement was driven by better buying economies of scale and growth in exclusive brand penetration, while disciplined expense control helped lift operating margin by 180 basis points. The company noted a 20% year‑over‑year inventory increase and cited tariff and pricing uncertainty, as well as third‑party brand price increases, as potential headwinds.
Boot Barn operates in the western and work‑related footwear and apparel market. The expanded store‑count outlook and larger TAM signal confidence in the company’s niche and its ability to capture additional market share through both physical and digital channels.
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