Boot Barn (BOOT) reports Q3: everything you need to know ahead of earnings

What happened

Boot Barn will report quarterly earnings on Wednesday afternoon. Last quarter it reported revenue of $593.5 million, up 17.7% year on year, and beat analysts' profit-per-share estimates while its full-year revenue guidance met expectations.

Confirmed

Global impact / market context

The results will show whether shoppers are still buying boots and clothing at a fast pace. Revenue is expected to grow 14.9%, slower than last year, so any shortfall could pressure the stock, which has already fallen recently.

Analyst inference

Boot Barn reports first among its retail peers, so its numbers give an early read on apparel and footwear demand. Investors have grown more positive on the segment, with peer shares up 4.8% on average over the last month.

Analyst inference

What to watch

1. Watch whether revenue beats, meets, or misses the 14.9% growth expected this quarter, and whether the company repeats its habit of missing Wall Street's revenue estimates. Confirmed
2. Listen for whether management raises or cuts its full-year revenue outlook, since guidance meeting expectations last quarter reassured analysts about the business staying on course. Proposed
3. Compare the reported growth rate with last year's 18.7% increase to judge whether demand is cooling, because slower growth could change how investors value the stock. Analyst inference

Evidence

• stockstory.org