BOOT - Boot Barn GAAP EPS of $1.53 beats by $0.10 revenue of $425.7M misses by $15.3M
2023-05-17 16:31:28 ET
- Boot Barn press release ( NYSE: BOOT ): Q4 GAAP EPS of $1.53 beats by $0.10 .
- Revenue of $425.7M (+11.1% Y/Y) misses by $15.3M .
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Fiscal Year 2024 Outlook
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Total sales of $1.690 billion to $1.723 billion, representing growth of 2.0% to 4.0% over the prior year, which was a 53-week year.
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Same store sales decline of approximately (6.5)% to (4.5)%, with retail store same store sales declines of approximately (7.0)% to (5.2)% and e-commerce same store sales declines of (3.0)% to growth of 1.0%.
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Gross profit between $613.7 million and $629.7 million, or approximately 36.3% to 36.5% of sales.
- Selling, general and administrative expenses between $416.2 million and $419.8 million. This represents approximately 24.6% to 24.4% of sales.
- Income from operations between $197.5 million and $209.9 million. This represents approximately 11.7% to 12.2% of sales.
- Interest expense of $4.3 million.
- Effective tax rate of 25.6%.
- Net income of $143.8 million to $153.0 million.
- Net income per diluted share of $4.70 to $5.00 based on 30.6 million weighted average diluted shares outstanding.
- Capital expenditures between $90 million and $95 million.
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Boot Barn GAAP EPS of $1.53 beats by $0.10, revenue of $425.7M misses by $15.3M