$BOOT

Boot Barn Holdings, Inc.

CIK:0001610250|SEC Filings

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Condensed Consolidated Statements of Operations
Net sales	$ 593,515	$ 504,067
Type of Revenue	us-gaap:ProductMember	us-gaap:ProductMember
Cost of goods sold	$ 353,623	$ 306,846
Type of Cost or Service	us-gaap:ProductMember	us-gaap:ProductMember
Gross profit	$ 239,892	$ 197,221
Selling, general and administrative expenses	149,366	126,501
Income from operations	90,526	70,720
Interest expense	347	343
Other income, net	2,226	911
Income before income taxes	92,405	71,288
Income tax expense	22,293	17,880
Net income	$ 70,112	$ 53,408
Earnings per share:
Basic (in dollars per share)	$ 2.31	$ 1.75
Diluted (in dollars per share)	$ 2.29	$ 1.74
Weighted average shares outstanding:
Basic (in shares)	30,361	30,596
Diluted (in shares)	30,601	30,750

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Cash flows from operating activities
Net income	$ 70,112	$ 53,408
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	22,254	17,518
Stock-based compensation	4,512	3,676
Amortization of intangible assets	0	0
Noncash lease expense	22,302	17,926
Amortization of debt issuance fees	27	27
Loss on disposal of assets	752	299
Deferred taxes	2,253	(733)
Changes in operating assets and liabilities:
Accounts receivable, net	(14,064)	1,751
Inventories	(55,403)	(26,869)
Prepaid expenses and other current assets	8,261	5,874
Other assets	(2,096)	(396)
Accounts payable	36,346	10,144
Accrued expenses and other current liabilities	5,519	(3,618)
Other liabilities	1,438	766
Operating leases	(18,370)	(5,923)
Net cash provided by operating activities	83,843	73,850
Cash flows from investing activities
Purchases of property and equipment	(51,089)	(31,462)
Net cash used in investing activities	(51,089)	(31,462)
Cash flows from financing activities
Repayments on finance lease obligations	(248)	(229)
Repurchases of common stock	(25,003)	(12,502)
Tax withholding payments for net share settlement	(9,469)	(4,195)
Proceeds from the exercise of stock options	192	87
Net cash used in financing activities	(34,528)	(16,839)
Net increase in cash and cash equivalents	(1,774)	25,549
Cash and cash equivalents, beginning of period	141,036	69,770
Cash and cash equivalents, end of period	139,262	95,319
Supplemental disclosures of cash flow information:
Cash paid for income taxes	909	592
Cash paid for interest	316	312
Supplemental disclosure of non-cash activities:
Unpaid purchases of property and equipment	$ 18,706	$ 17,973

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 27, 2026	Mar. 28, 2026
Current assets:
Cash and cash equivalents	$ 139,262	$ 141,036
Accounts receivable, net	29,387	15,264
Inventories	900,040	844,637
Prepaid expenses and other current assets	25,174	33,462
Total current assets	1,093,863	1,034,399
Property and equipment, net	542,618	514,108
Right-of-use assets, net	667,251	638,425
Goodwill	197,502	197,502
Intangible assets, net	58,981	58,981
Other assets	8,756	6,660
Total assets	2,568,971	2,450,075
Current liabilities:
Accounts payable	176,477	142,126
Accrued expenses and other current liabilities	167,294	159,103
Short-term lease liabilities	88,557	89,743
Total current liabilities	432,328	390,972
Deferred taxes	53,964	51,711
Long-term lease liabilities	717,492	683,737
Other liabilities	6,437	4,999
Total liabilities	1,210,221	1,131,419
Commitments and contingencies (Note 7)
Stockholders' equity:
Common stock, $0.0001 par value; June 27, 2026 - 100,000 shares authorized, 31,171 shares issued; March 28, 2026 - 100,000 shares authorized, 30,998 shares issued	3	3
Preferred stock, $0.0001 par value; 10,000 shares authorized, no shares issued or outstanding
Additional paid-in capital	267,957	263,253
Retained earnings	1,199,960	1,129,848
Less: Common stock held in treasury, at cost, 839 and 614 shares at June 27, 2026 and March 28, 2026, respectively	(109,170)	(74,448)
Total stockholders' equity	1,358,750	1,318,656
Total liabilities and stockholders' equity	$ 2,568,971	$ 2,450,075