Boot Barn Holdings, Inc. (NYSE: BOOT) announced preliminary results for the third quarter of fiscal 2026, covering the period ended December 27, 2025. The company reported consolidated same‑store sales growth of 5.7% and a merchandise margin expansion of 110 basis points, driven by a higher mix of exclusive brands and improved supply‑chain efficiencies.
Net sales rose to $705.6 million, up 4.2% from $674.9 million in the prior quarter and 5.5% from $669.5 million a year earlier. The increase was largely powered by a 19.6% jump in e‑commerce sales and a 15‑plus‑percentage‑point lift in denim sales, while work‑boot and western‑boot segments posted high‑single‑digit same‑store growth.
Earnings per diluted share of $2.79 beat the consensus estimate of $2.48 by $0.31, a 12.5% upside. The beat was largely attributable to disciplined cost management, which offset a $6.7 million one‑time benefit related to the former CEO’s resignation, and to the higher margin mix from exclusive‑brand apparel.
Operating income climbed to $114.8 million, up from $99.5 million in the same quarter a year earlier, reflecting the margin expansion and the scale of the company’s store‑expansion program. Management highlighted that the aggressive addition of new stores—now targeting 1,200 locations—has begun to generate incremental sales and margin lift.
The company reiterated its full‑year 2026 outlook, maintaining revenue guidance of $4.14 billion to $4.15 billion and adjusted operating income guidance of $2.15 billion to $2.16 billion. CEO John Hazen said the results “confirm the strength of our growth strategy and give us confidence to continue investing in exclusive brands and e‑commerce.”
Analysts noted that the margin expansion and earnings beat signal strong execution, while the company’s focus on high‑margin exclusive brands and e‑commerce positions it well to sustain momentum into the fourth quarter and beyond.
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