Boot Barn

BOOT

Market cap $5.68B

DECK, BOOT, ZUMZ & GCO are focusing on a superior product strategy, the advancement of omnichannel capabilities and prudent capital investments.

Here is how Boot Barn (BOOT) and O'Reilly Automotive (ORLY) have performed compared to their sector so far this year.

IRVINE, Calif.--(BUSINESS WIRE)--Boot Barn Holdings, Inc. (NYSE: BOOT), the parent company of Boot Barn, Sheplers, and Country Outfitter, today announced it has extended its exclusive, multi-year partnership with Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth. The renewed agreement builds on a strong relationship between the two companies, allowing consumers to continue using Affirm to pay over time — both online at checkout across all three.

Boot Barn delivered another stellar quarter with strong revenue, margin growth, and impressive same-store sales, benefiting from the Western wear trend. Operational excellence is evident, with SG&A leverage, effective marketing spend, and robust denim sales, but tariff headwinds loom for the rest of FY26. Despite strong fundamentals, valuation is stretched at 28x earnings, making the stock too expensive given macro and trend risks.

Boot Barn (BOOT) Q1 Sales Rise 19%

Boot Barn Holdings, Inc. reported very strong fiscal Q1 results with rapid same-store sales momentum. The raised FY 2026 guidance still reflects growth deceleration. Same-store sales are guided to flatline in H2 due to tariff concerns, being a significant hit to Boot Barn's growth story. Even though I believe Boot Barn's guidance to be conservative, the valuation is too expensive. I estimate BOOT stock to have a 28% downside to $125.

Boot Barn shares are expensive after a strong rally, with high short interest and seasonally weak market conditions, so I rate the stock neutral. Recent earnings showed increasing sales and same-store sales, strong margins, and earnings expansion. Guidance calls for just 7% EPS growth this fiscal year.

Boot Barn Holdings Inc BOOT reported better-than-expected first-quarter financial results and raised its FY26 guidance on Thursday.

Boot Barn Holdings, Inc. (NYSE:BOOT ) Q1 2026 Earnings Conference Call July 31, 2025 4:30 PM ET Company Participants James M. Watkins - CFO & Secretary John Hazen - CEO & Director Mark Dedovesh - Senior VP of Investor Relations & Finance Conference Call Participants Ashley Anne Owens - KeyBanc Capital Markets Inc., Research Division Christopher Michael Nardone - BofA Securities, Research Division Corey Tarlowe - Jefferies LLC, Research Division Janine Marie Hoffman Stichter - BTIG, LLC, Research Division Jay Daniel Sole - UBS Investment Bank, Research Division Jeffrey Francis Lick - Stephens Inc., Research Division Jeremy Scott Hamblin - Craig-Hallum Capital Group LLC, Research Division Jonathan Robert Komp - Robert W.

Although the revenue and EPS for Boot Barn (BOOT) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.