Boot Barn reports Q2 FY2027 earnings beat and adds $400 million to share buyback program
Boot Barn Holdings announced its fiscal second‑quarter 2027 results for the period ended September 26, 2026. Net sales rose 15.1% to $581.8 million and diluted earnings per share increased 26.3% to $1.73, driven by margin expansion and a $0.05 per‑share tariff‑refund benefit. The company opened 19 new stores, bringing total locations to 584, and its board authorized an additional $400 million of share repurchases, leaving about $468 million still available under the program.
Why it matters
The EPS beat, cited by the company, shows operational leverage despite modest same‑store sales growth, while the expanded buyback capacity gives shareholders continued return potential (the company noted $468 million remains available). However, the FY 2027 guidance of $8.72‑$9.00 per share and $2.56‑$2.59 billion revenue was below analyst consensus, which may pressure the stock.
Key facts
- 1Net sales increased 15.1% to $581.8 million compared with $505.4 million in the prior year. sec.gov
- 2Diluted earnings per share increased 26.3% to $1.73, including a $0.05 per‑share benefit from tariff refunds. sec.gov
- 3Consolidated same‑store sales grew 1.4%, with retail same‑store sales up 1.0% and e‑commerce same‑store sales up 5.2%. sec.gov
- 4The company opened 19 new stores, bringing total store count to 584 as of quarter end. sec.gov
- 5Board authorized an additional $400 million of share repurchases; approximately $468 million remains available under the program. sec.gov
- 6Merchandise margin rate increased by 190 basis points year‑over‑year. sec.gov
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.