Boot Barn Sees FY24 EPS $4.55-$4.85 vs $5.16 Est., Total Sales $1.766B-$1.8B vs $1.82B Est.
Portfolio Pulse from Benzinga Newsdesk
Boot Barn provided its FY24 earnings per share (EPS) and total sales guidance, forecasting EPS of $4.55-$4.85, below the estimated $5.16, and total sales of $1.766B-$1.8B, also below the estimated $1.82B.
May 14, 2024 | 8:12 pm
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Boot Barn's FY24 guidance indicates lower-than-expected earnings and sales, suggesting potential downward pressure on its stock price in the short term.
The company's guidance for both EPS and total sales not meeting analysts' estimates typically leads to negative investor sentiment and could result in a decrease in stock price as the market adjusts to the new, lower expectations for future performance.
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