BOOT - Why Boot Barn Holdings Stock Was Sliding Today
2023-05-18 14:17:22 ET
Shares of Boot Barn Holdings (NYSE: BOOT) were pulling back after the Western-themed apparel and footwear retailer posted disappointing results in its fourth-quarter earnings report, as it missed estimates on the top line and offered weak guidance.
As of 1:24 p.m. ET, the stock was down 11.6%.
Lapping the boom in the quarter a year ago when comparable sales jumped 33.3%, same-store sales in the fourth quarter fell 5.5%. However, revenue still rose 11% thanks to new store growth, reaching $425.7 million, which missed the analyst consensus at $441.2 million.
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Why Boot Barn Holdings Stock Was Sliding Today