US footwear retailer Boot Barn reports Q4 FY21 sales of $259 mn

Boot Barn Holdings, a US-based lifestyle retailer of footwear and apparel, has reported 37.2 per cent sales increase to $258.9 million in its fourth quarter (Q4) FY21 ended on March 27, 2021, compared to the sales of $188.6 million in the same period previous fiscal. The company's net income during Q4 FY21 rose to $24.5 million (Q4 FY20: $5.7 million).

 

Boot Barn Holdings, a US-based lifestyle retailer of footwear and apparel, has reported 37.2 per cent sales increase to $258.9 million in its fourth quarter (Q4) FY21 ended on March 27, 2021, compared to the sales of $188.6 million in the same period previous fiscal. The company's net income during Q4 FY21 rose to $24.5 million (Q4 FY20: $5.7 million).#

“I am extremely pleased with the strong finish to fiscal 2021. The pace of our business has been accelerating throughout the year, which along with a recent boost from government stimulus, culminated in record fourth quarter and fiscal year results,” Jim Conroy, chief executive officer, said in a press release.

 

Boot Barn Holdings, a US-based lifestyle retailer of footwear and apparel, has reported 37.2 per cent sales increase to $258.9 million in its fourth quarter (Q4) FY21 ended on March 27, 2021, compared to the sales of $188.6 million in the same period previous fiscal. The company's net income during Q4 FY21 rose to $24.5 million (Q4 FY20: $5.7 million).#

The company’s same store sales for the three-month period grew 26.9 per cent with retail store same store sales up 28.5 per cent and e-commerce same store sales up 19.5 per cent. 

 

Boot Barn Holdings, a US-based lifestyle retailer of footwear and apparel, has reported 37.2 per cent sales increase to $258.9 million in its fourth quarter (Q4) FY21 ended on March 27, 2021, compared to the sales of $188.6 million in the same period previous fiscal. The company's net income during Q4 FY21 rose to $24.5 million (Q4 FY20: $5.7 million).#

Gross profit for Q4 FY21 was $92.4 million ($57.9 million), while selling, general and administrative expenses were $59.5 million ($48.2 million). The company’s income from operations rose to $32.8 million ($9.7 million).

 

Boot Barn Holdings, a US-based lifestyle retailer of footwear and apparel, has reported 37.2 per cent sales increase to $258.9 million in its fourth quarter (Q4) FY21 ended on March 27, 2021, compared to the sales of $188.6 million in the same period previous fiscal. The company's net income during Q4 FY21 rose to $24.5 million (Q4 FY20: $5.7 million).#

“The circumstances of the past year have highlighted the strengths of our business model, enhanced our operational capabilities, and fortified our leadership position in the industry. The combination of solid execution across the organisation and macro tailwinds has created tremendously strong topline sales growth in the first six weeks of fiscal 2022. We believe we have started the year with great momentum and sound strategies in place to capitalise on the numerous growth opportunities we believe exist for Boot Barn over the near and long term,” Conroy concluded.