- BOOT posted strong Q4 results with comps sales growth of 33% and increasing transaction count versus Q4 2021.
- Despite interest rate hikes, the company comps improved sequentially in May relative to April.
- Given the company’s initiatives related to growing store base, increasing private brand penetration, and upgrading omni-channel capabilities, the future outlook looks good.
- Moreover, the company is trading at an attractive valuation.
- Long-term investors can consider buying the stock after the recent correction.
For further details see:
Boot Barn: Recent Correction Is A Buying Opportunity