Financial Highlights:
- Revenue: $504.07 million (YoY: +19%, QoQ: +11%)
- Gross Profit: $197.22 million, Gross Profit Margin: 39.1% (YoY: +210 bps)
- Operating Income: $70.72 million, Operating Margin: 14.0% (YoY: +230 bps)
- Net Income: $53.41 million, Net Margin: 10.5% (YoY: +38%)
- EPS: $1.74 (YoY: +36.7%)
Boot Barn's improvement in merchandise margin and disciplined expense control underpins its operational performance. The increase in same-store sales consisted of a 9.5% improvement from brick-and-mortar locations and a 9.3% increase in e-commerce sales, evidencing a well-rounded performance from physical and digital presence. Furthermore, SG&A expenses as a percentage of sales have improved slightly due to effective cost management practices, reflecting the company's commitment to operational efficiency.