2024-05-15 15:06:46 ET
Summary
- Boot Barn Holdings, Inc. is the largest western and workwear retailer in the U.S., with 400 stores in 44 states and a strong online presence.
- The company reported a decline in sales and same-store sales in the most recent quarter, raising concerns about its valuation.
- Despite lower sales, Boot Barn's earnings were better than expected, but the company's expenses increased, leading to a significant decline in income from operations.
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Boot Barn: A Return To Growth In Store, But Don't Overpay