Boot Barn: Fiscal 1Q Earnings Snapshot
IRVINE, Calif. (AP) _ Boot Barn Holdings Inc. (BOOT) on Tuesday reported fiscal first-quarter earnings of $6.8 million.
On a per-share basis, the Irvine, California-based company said it had profit of 24 cents. Earnings, adjusted for non-recurring gains, were 15 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The Western apparel and footwear retailer posted revenue of $162 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $159.6 million.
Boot Barn expects full-year earnings to be $1.04 to $1.14 per share.
Boot Barn shares have risen 40 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $23.23, more than doubling in the last 12 months.