Boot Barn Holdings Inc (NYSE: BOOT) reported upbeat results for its fourth quarter and fiscal year-end.
The company, based in Irvine, California, reported that, for the 13-week fourth quarter ended March 31, 2018, net sales increased to $170.8 million, driven by a 12.1% increase in same store sales, with double-digit same store sales growth in both retail stores and online. This compares to $163.0 million in the prior-year period, which was a 14-week quarter.
Net income in that quarter was $6.9 million, or $0.24 per diluted share, compared to net income of $2.6 million, or $0.10 per diluted share (and compared to adjusted net income of $3.3 million, or $0.12 per diluted share) in the prior-year period, which was a 14-week quarter.
For the 52-week fiscal year, net sales increased 7.6% to $677.9 million, compared to $629.8 million in the prior year, which was a 53-week year.
Moreover, same store sales increased 5.2%.
BOOT also reported that net income was $28.9 million, or $1.05 per diluted share, compared to net income of $14.2 million, or $0.53 per diluted share (and compared to adjusted net income of $14.9 million, or $0.55 per diluted share) in the prior-year, which was a 53-week year.
The company also added nine stores through new openings and acquisitions and closed two underperforming stores, bringing the total count at fiscal year-end to 226 stores.
BOOT shares leaped $2.25, or 12.5%, to $24.71, within a 52-week trading range of $5.90 to $22.17.
