Boot Barn Misses Q2 Sales Expectations, Lowers Yearly Guidance
The Irvine, Calif-based footwear company saw net sales increase 15.1 percent to $581.8 million. Boot Barn missed sales expectations in the second quarter, prompting the retailer to lower its guidance for the year. The Irvine, Calif-based footwear company saw net sales in Q2 2027 increase 15.1 percent to $581.8 million from $505.4 million in the prior-year period. Net income in Q2 was $52.5 million, or $1.73 per diluted share, compared to $42.2 million, or $1.37 per diluted share, in the prior-year period. These results were in-line with the guidance Boot Barn laid out last quarter, which called for net sales in Q2 at between $572 million and $582 million, representing growth between 13 percent and 15 percent over the prior-year period. But, Boot Barn missed analysts’ sales expectations in the quarter with sales anticipated between $576 million and $582.8 million in Q2, according to…