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Boot Barn Holdings (BOOT) Q3 FY2024 earnings: revenue $520 million, up 1.1% on the year

Boot Barn Holdings, Inc. (BOOT) reported revenue of $520 million for Q3 FY2024, the quarter ended 30 December 2023, up 1.1% on the same quarter a year earlier. Net income was $56 million, up 5.4% on the year, and diluted earnings per share $1.81. The figures are the company's own, from the 10-Q it filed with the SEC on 1 February 2024.

Revenue$520 millionup 1.1%
Net income$56 millionup 5.4%
Diluted EPS$1.81
QuarterQ3 FY2024ended 30 December 2023

The quarter, against the one before and a year earlier

LineQ3 FY2024Q2 FY2024A year earlierChange on the year
Revenue520374n/an/a
Cost of revenue321241n/an/a
Gross profit199134n/an/a
Gross margin38.3%35.8%n/a
Selling, general and administrative12495.3n/an/a
Operating income75.138.6n/an/a
Operating margin14.4%10.3%n/a
Pre-tax income75.038.1n/an/a
Income tax19.410.4n/an/a
Effective tax rate25.8%27.3%n/a
Net income55.627.7n/an/a
Net margin10.7%7.4%n/a
Diluted EPS$1.81$0.90n/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ3 FY2024Q2 FY2024A year earlierChange on the year
Operating cash flow95.074.7n/an/a
Capital expenditure26.634.8n/an/a
Free cash flow68.439.9n/an/a
Free cash flow margin13.1%10.6%n/a
Cash from investing-26.6-34.8n/an/a
Cash from financing0.1-18.3n/an/a
Depreciation and amortisation13.212.0n/an/a
Share-based compensation2.62.9n/an/a
Diluted shares, weighted31m31mn/an/a
Shares outstanding at period end30m30mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2024Q2 FY2024A year earlierChange on the year
Shareholders' equity911852n/an/a
Debt0.00.0n/an/a
Operating lease liabilities361343n/an/a
Finance lease liabilities14.714.9n/an/a
Other liabilities387368n/an/a
Total liabilities and equity1,6741,578n/an/a
Fixed assets308294n/an/a
Goodwill198198n/an/a
Intangible assets60.760.7n/an/a
Cash and equivalents10738.7n/an/a
Receivables10.49.3n/an/a
Inventory563586n/an/a
Other assets426393n/an/a
Total assets1,6741,578n/an/a

Questions

What was Boot Barn Holdings' revenue in Q3 FY2024?

Boot Barn Holdings (BOOT) reported revenue of $520 million for Q3 FY2024, the quarter ended 30 December 2023, up 1.1% on the same quarter a year earlier.

How much did Boot Barn Holdings earn in Q3 FY2024?

Net income for Q3 FY2024 was $56 million, up 5.4% on the year, and diluted earnings per share $1.81.

When did Boot Barn Holdings report Q3 FY2024 results?

Boot Barn Holdings filed its 10-Q for the quarter ended 30 December 2023 with the SEC on 1 February 2024.

Quarterly results, the last 12 quarters

Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027
Revenue374520388423426608454504505706539594
Cost of revenue241321249267273369285307321424343354
Gross profit134199139157153239169197184281196240
Gross margin36%38%36%37%36%39%37%39%36%40%36%40%
SG&A95.3124101107113139119127128166139149
Operating income38.675.138.250.240.099.549.770.756.411557.290.5
Operating margin10%14%10%12%9%16%11%14%11%16%11%15%
Pre-tax income38.175.038.950.540.599.249.971.356.911557.692.4
Tax rate27%26%24%23%27%24%25%25%26%25%23%24%
Net income27.755.629.438.929.475.137.553.442.285.844.470.1
Net margin7%11%8%9%7%12%8%11%8%12%8%12%
Diluted EPS$0.90$1.81$0.96$1.26$0.95$2.43$1.22$1.74$1.37$2.79$1.45$2.29
Operating cash flow74.795.0-4.441.3-7.8157-43.173.825.7210-4.483.8
Capital expenditure34.826.627.527.138.343.039.931.543.261.742.151.1
Free cash flow39.968.4-31.914.2-46.1114-83.142.4-17.5148-46.532.8
Buybacksn/an/an/an/an/an/an/a12.512.512.512.525.0
Shares outstanding30m30m30m31m31m31m31m31m31m30m30m30m
Filing10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 December 2023, filed 1 February 2024, accession 0001558370-24-000677: the filing on EDGAR. All of Boot Barn Holdings, Inc.'s filings: EDGAR company page.

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