Consumer EngagementThe better than expected same store sales highlights the evolution of BOOT's ability to attract and retain customers, and gives comfort to the long term growth opportunities.
Financial PerformanceBOOT's 1Q25 results beat guidance and consensus expectations, with a 14% increase on bootbarn.com highlighting improved, full price online selling, and needed improved engagement which should help the company retain customers and increase the base of total BOOT revenue.
Market ExpansionBOOT remains the best retail growth story in our coverage, should, as planned, double its store count over time, and it virtually owns the better western/work space, which is far more accepted on a national level than some investors realize.