Boot Barn's Resilient Core Customer Base And Growth Strategy: An Optimistic Outlook By Analyst
Portfolio Pulse from Shivani Kumaresan
Boot Barn Holdings Inc (NYSE: BOOT) received an Outperform rating from William Blair analyst Dylan Carden, despite mixed Q4 earnings and a 6% decline in same-store sales. The analyst believes in the durability of higher store volumes and margins, and expects mid- to high-teens top-line growth at faster earnings growth after a reset year in fiscal 2024.

May 18, 2023 | 6:42 pm
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Boot Barn received an Outperform rating from William Blair analyst Dylan Carden, despite mixed Q4 earnings. The analyst expects mid- to high-teens top-line growth after a reset year in fiscal 2024.
The Outperform rating from the analyst indicates a positive outlook for Boot Barn's stock price. Despite the mixed Q4 earnings and a 6% decline in same-store sales, the analyst believes in the durability of higher store volumes and margins, and expects mid- to high-teens top-line growth after a reset year in fiscal 2024. This positive outlook is likely to have a short-term positive impact on BOOT's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100