Boot Barn reports preliminary Q3 EPS $2.43, consensus $2.05

Reports preliminary Q3 revenue $608.2M, consensus $593.45M. Reports preliminary Q3 same store sales growth of approximately 8.6%. John Hazen, interim CEO, commented, “I am very pleased with our third quarter results. We once again experienced broad-based growth, driving same store sales up 8.6% versus last year and above our expectations. Both channels and all geographies and major merchandise categories were nicely positive, with the latter led by our ladies and men’s western businesses, which were up low-double digits and high-single digits, respectively. We are pleased that our sales outperformance, driven by strong full-price selling, translated into strong earnings per share as we expanded merchandise margin approximately 130 basis points. I am proud of the entire team for delivering a strong holiday quarter, and I look forward to a successful finish to our fiscal year.”