BOOT - Boot Barn Holdings Takes A Step Higher

2024-05-16 07:44:36 ET

Summary

• Boot Barn Holdings reported positive financial results for Q4 2024, exceeding revenue, earnings, and adjusted earnings expectations.
• Despite concerns over guidance for 2025, the stock closed higher by 2.8% on May 15th.
• The company plans to focus on physical expansion, aiming to increase the store count to 900 locations by 2030.
• Long-term, the business should be fine, but declining same store sales and a lofty share price makes BOOT fairly valued.

An interesting speciality retail for investors to be aware of is Boot Barn Holdings ( BOOT ), a retailer of western and work-related footwear, apparel, and accessories. After the market closed on May 14th, the management team at the company announced financial results covering the final quarter of the 2024 fiscal year. Revenue, earnings, and adjusted earnings, all exceeded forecasts . Initially, shares fell in after-hours trading because of concerns over guidance for 2025, but the stock ended up closing higher by 2.8% on May 15th....

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