Boot Barn has delivered Q3 earnings for fiscal 2021, noting a net sales increase of 6.5% to $302.2 million. The western and work wear retailer also noted a same store sales jump of 4.6%.
Boot Barn’s most-recent quarter showcased a clear rise in growth and demand – featuring net income of $29.6 million and cash equivalents of $76.3 million.
“Our strong third quarter results against a difficult economic backdrop demonstrate the power of our business model. The work we’ve done over the last several years successfully executing our key strategic initiatives has provided the foundation to navigate the ongoing headwinds from COVID-19 and deliver mid-single digit same store sales growth and a 150-basis point improvement in operating margin. We are encouraged that same store sales have accelerated in the fourth quarter with continued strength in margin,” said Jim Conroy, Chief Executive Officer at Boot Barn.
Source: Boot Barn Press Release 1/25/21
Photo Credit: Boot Barn – Forbes
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About Boot Barn
Boot Barn is the nation’s leading lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company offers its loyal customer base a wide selection of work and lifestyle brands. As of the date of this release, Boot Barn operates 265 stores in 36 states, in addition to an e-commerce channel www.bootbarn.com. The Company also operates www.sheplers.com, the nation’s leading pure play online western and work retailer and www.countryoutfitter.com, an e-commerce site selling to customers who live a country lifestyle. For more information, call 888-Boot-Barn or visit www.bootbarn.com
