BOOT BARN Reports Q4 Earnings Results for FY2023 on May 17

🌥️Earnings Overview

On May 17th 2023, BOOT BARN ($NYSE:BOOT) released their fiscal year 2023 fourth quarter earnings results as of March 31st 2023. In comparison to the same period in the prior year, total revenue had grown by 11.0% to USD 425.7 million, while net income had risen by 3.8% to USD 46.4 million.

Stock Price

On Wednesday, May 17, BOOT BARN reported its fourth-quarter earnings results for fiscal year 2023. The retail store chain’s stock opened at $72.5 and closed at $74.8, up by 4.0% from its prior closing price of 71.9. Overall, BOOT BARN reported strong earnings results for the quarter, as evidenced by its 4.0% stock increase and solid financial numbers across all key categories. The company’s continued success both in terms of revenue growth and gross margin growth is indicative of its strong market position and the positive outlook for future performance. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Boot Barn. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Boot Barn. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Boot Barn. More…

Key Ratios Snapshot

Some of the financial key ratios for Boot Barn are shown below. More…

Analysis

At GoodWhale, we’ve conducted an analysis of BOOT BARN‘s fundamentals in order to provide an accurate assessment of their financial and business risk. After carefully examining the balance sheet, our Risk Rating concluded that BOOT BARN is a high risk investment. Our analysis detects 1 risk warning in their balance sheet, and registered users can access this information. We believe this is essential for informed decision-making and encourage all investors to use our platform to make the most informed decisions possible. 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‘s FY2023 Q4 earnings results show that total revenue has increased by 11.0% compared to the same period last year, while net income saw a 3.8% year-on-year increase. This news pushed the company’s stock price up on the same day. For investors, these results suggest that BOOT BARN is in a strong financial position and is well-positioned to continue delivering growth and value in the near future. Therefore, it could be an attractive option for those looking to invest in the retail industry.