Boot Barn Reports Earnings for Q1 of FY2024, Ending June 30 2023
August 14, 2023
🌥️Earnings Overview
On August 2 2023, BOOT BARN ($NYSE:BOOT) released their earnings results for the first quarter of fiscal year 2024, which ended on June 30 2023. The total revenue for this period amounted to USD 383.7 million, representing a 4.9% growth compared to the same quarter the year prior. However, net income decreased by 12.9%, settling at USD 34.2 million.
Market Price
On Wednesday, BOOT BARN released their financial report for the first quarter of FY2024, which ended on June 30th 2023. It included news that their stock opened at $91.4 and closed at $89.9, down by 2.8% from its last closing price of 92.6. Overall, the report showed that while BOOT BARN’s revenue had decreased in comparison to the previous year, its gross margin had held steady and its net income was still impressive. This suggests that the company is continuing to make strides towards profitability and sustainability despite the challenging market conditions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Boot Barn. More…
| Total Revenues | Net Income | Net Margin |
| 1.68k | 165.49 | 9.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Boot Barn. More…
| Operations | Investing | Financing |
| 185.46 | -133.59 | -50.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Boot Barn. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.51k | 692.77 | 27.15 |
Key Ratios Snapshot
Some of the financial key ratios for Boot Barn are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.5% | 56.0% | 13.5% |
| FCF Margin | ROE | ROA |
| 3.1% | 17.8% | 9.4% |
Analysis
At GoodWhale, we have conducted an analysis of BOOT BARN‘s fundamentals and based on our Risk Rating, BOOT BARN is a high risk investment, both financially and from a business standpoint. We have detected one risk warning in their balance sheet and we invite you to register with us to check it out. Our comprehensive assessment takes into account both short-term and long-term investments, helping you make more informed decisions about your investments. With GoodWhale, you can rest assured that you are making the best decision for your portfolio. More…
Peers
The competition in the retail sector is fierce, with companies vying for market share in a number of ways. Boot Barn Holdings Inc is no exception, and competes against Christopher & Banks Corp, C’sMEN Co Ltd, and J.Jill Inc in a number of ways. While each company has its own strengths and weaknesses, the competition between them is intense, and the battle for market share is likely to continue.
– Christopher & Banks Corp ($OTCPK:CBKCQ)
Christopher & Banks Corporation is a Minnesota-based retailer of women’s apparel, accessories and footwear. The company operates under the Christopher & Banks, CJ Banks, and Missy & Plus names. It also offers merchandise through its e-commerce website and through a nationwide network of outlet stores. As of February 3, 2018, the company operated 942 stores in 44 states.
– C’sMEN Co Ltd ($TSE:3083)
MEN Co Ltd is a Japanese company that manufactures and sells electronic components. The company has a market cap of 1.52B as of 2022 and a Return on Equity of -12.39%. The company’s products include semiconductors, integrated circuits, and other electronic components.
– J.Jill Inc ($NYSE:JILL)
J.Jill Inc is a retailer of women’s apparel, accessories, and footwear. It operates through two segments, Retail and Direct. The company offers its products through retail stores, catalogs, and online. As of 2022, J.Jill Inc had a market cap of 186.02M and a Return on Equity of -233.39%. The company has been struggling in recent years, as evidenced by its negative ROE. J.Jill Inc is currently in the process of closing some of its stores in an effort to turn things around.
Summary
BOOT BARN has had mixed results in the first quarter of its fiscal year 2024. Total revenue for the period increased by 4.9%, but net income was down 12.9%. This could be a sign of a challenging financial environment for the company, as investors will be watching closely to see how well Boot Barn can maintain profitability moving forward.
Investors should assess how the company is leveraging its resources and pursuing strategies to maximize margin potential over the long term. It may be prudent to wait for further earnings results before making any decisions about investing in BOOT BARN.
Related Posts
Recent Posts
