Boot Barn Holdings reports Q2 FY21 sales of $185 mn

02 Nov '20

2 min read

Pic: Shutterstock

Boot Barn Holdings Inc, a lifestyle retailer of footwear and apparel, reported 1.4 per cent sales decline to $184.5 million in its second quarter (Q2) FY21 ended on September 26, 2020, compared to the sales of $187.2 million in the same period last year. Company's net income for the quarter was $5.7 million compared to net income of $7.7 million in Q2 FY20.

Gross profit for Q2 FY21 was $55.4 million ($59.3 million). Selling, general and administrative expenses for the quarter were $45.4 million ($46.4 million). Company’s income from operation were down to $10.0 million ($12.9 million).

“Our business continues to show resilience amidst challenging operating conditions. Following a slow start to the second quarter due to the changing sentiment around Covid-19, same store sales trends improved each month, turning positive in September driven by stronger store traffic,” Jim Conroy, chief executive officer, said in a press release.

“Our third quarter has started well with retail store same store sales improving to flat and e-commerce sales trends remaining strong. In addition to solid demand for work boots, we’ve also seen a nice sequential improvement in western boots, western apparel, and hats,” Conroy said. “As we approach the beginning of the holidays, we are encouraged with our current momentum and are prepared to execute well as we enter the busy holiday shopping season.”

Fibre2Fashion News Desk (JL)

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