386101

Boot Barn (BOOT) Reports Q2: Everything You Need To Know Ahead Of Earnings


Max Juang /
2023/11/01 3:06 am EDT

Clothing and footwear retailer Boot Barn (NYSE:BOOT) will be reporting results tomorrow after market hours. Here's what you need to know.

Last quarter Boot Barn reported revenues of $383.7 million, up 4.88% year on year, beating analyst revenue expectations by 5.79%. It was a strong quarter for the company, with an impressive beat of analysts' earnings estimates.

Is Boot Barn buy or sell heading into the earnings? Read our full analysis here.

This quarter analysts are expecting Boot Barn's revenue to grow 7.41% year on year to $377.6 million, slowing down from the 12.4% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.89 per share.

Boot Barn Total Revenue

The analysts covering the company have had mixed opinions about the business heading into the earnings, with revenue estimates seeing two upward and four downward revisions over the last thirty days. The company missed Wall St's revenue estimates twice over the last two years.

With Boot Barn being the first among its peers to report earnings this season, we don't have anywhere else to look at to get a hint at how this quarter will unravel for apparel and footwear retail stocks, but investors in the segment have had steady hands going into the earnings, with the stocks down on average 0.91% over the last month. Boot Barn is down 14.4% during the same time, and is heading into the earnings with analyst price target of $111.3, compared to share price of $68.7.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

Join Paid Stock Investor Research

Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.

The author has no position in any of the stocks mentioned.