William Blair Analyzes Boot Barn Holdings’ Q2 2024 Earnings
August 13, 2023
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William Blair Analyzes Boot Barn ($NYSE:BOOT) Holdings, Inc.’s Q2 2024 Earnings in Defense World is an analysis of the company’s quarterly results. Boot Barn is a lifestyle retail company that specializes in apparel, footwear, accessories and home décor items for country-themed lifestyles. This marks a significant improvement from Q1, when the company reported a decrease in both revenue and net income. The William Blair Analysis of Boot Barn’s Q2 2024 Earnings provides investors with an in-depth look at the company’s quarterly performance.
The analysis includes an overview of the company’s financials, as well as an analysis of its strategies and initiatives for the future. William Blair also provides commentary on Boot Barn’s progress in the current competitive retail landscape.
Earnings
According to the report, as of June 30, 2021, BOOT BARN earned 306.33 million USD in total revenue and 40.65 million USD in net income. Compared to the previous year, there was a 16.3% decrease in total revenue and a 3.4% increase in net income. Over the last three years, BOOT BARN’s total revenue has grown from 306.33 million USD to 383.7 million USD. These results demonstrate the company’s continued success in the market and their commitment to providing value to their customers.
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% |
Stock Price
BOOT BARN stock opened at $97.9 and closed at $97.6, a 0.5% decrease from the previous closing price of 98.1. This marks the third consecutive quarter of contraction for BOOT BARN, signaling potential challenges ahead. Nevertheless, William Blair remained confident in the long-term prospects of the company and recommended BOOT BARN for investment opportunities. Live Quote…
Analysis
GoodWhale conducted an analysis of BOOT BARN‘s wellbeing and based on our Risk Rating, BOOT BARN is a high risk investment in terms of financial and business aspects. We detected 1 risk warnings in the balance sheet that investors should be aware of before investing. If you want to find out more about the risk warnings and our Risk Rating, please visit goodwhale.com. Here, you will be able to view our detailed analysis and any other information you may need before making an investment decision. More…
Peers
The competition in the retail sector is fierce, with companies vying for market share in a number of ways. Boot Barn Holdings Inc is no exception, and competes against Christopher & Banks Corp, C’sMEN Co Ltd, and J.Jill Inc in a number of ways. While each company has its own strengths and weaknesses, the competition between them is intense, and the battle for market share is likely to continue.
– Christopher & Banks Corp ($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
William Blair’s investment analysts recently conducted an analysis of Boot Barn Holdings, Inc.’s Q2 2024 earnings. The company highlighted its strength in retail, e-commerce and international markets. They also credited higher average unit retail for their performance, as well as their ability to reduce expenses and increase gross margin. Overall, William Blair sees great potential for growth in Boot Barn Holdings, Inc. and is optimistic about the company’s future.
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