Boot Barn Holdings, Inc. Files 10-Q for Period Ending December 30, 2023

TL;DR

<b>Boot Barn Holdings, Inc. has submitted its Q3 2023 10-Q filing, detailing financial performance for the period ending December 30, 2023.</b>

AI Summary

Boot Barn Holdings, Inc. (BOOT) filed a Quarterly Report (10-Q) with the SEC on February 1, 2024. Boot Barn Holdings, Inc. filed a 10-Q report for the period ending December 30, 2023. The filing covers the third quarter of their fiscal year. The company's fiscal year ends on March 30. The filing was made on February 1, 2024. Boot Barn Holdings, Inc. is classified under SIC code 5661 (Retail-Shoe Stores).

Why It Matters

For investors and stakeholders tracking Boot Barn Holdings, Inc., this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial statements and management's discussion, crucial for assessing the company's performance and outlook. Understanding the details within this report allows stakeholders to evaluate Boot Barn's operational efficiency, profitability, and financial health in the current retail environment.

Risk Assessment

Risk Level: medium — Boot Barn Holdings, Inc. shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q), which typically contains routine financial information. However, the specific financial performance and any forward-looking statements within the report will determine the ultimate risk level.

Analyst Insight

Review the detailed financial statements and management's discussion in the 10-Q to understand Boot Barn's recent performance and identify any emerging trends or risks.

Key Numbers

• 20231230 — Period End Date (Conformed Period of Report)
• 20240201 — Filing Date (Filed as of Date)
• Q3 — Fiscal Quarter (Fiscal Quarter)
• 0330 — Fiscal Year End (Fiscal Year End)

Key Players & Entities

• Boot Barn Holdings, Inc. (company) — Filer
• 0001558370-24-000677 (other) — Accession Number
• 20231230 (date) — Conformed Period of Report
• 20240201 (date) — Filed as of Date
• 5661 (other) — Standard Industrial Classification
• DE (other) — State of Incorporation
• 949-453-4400 (phone) — Business Phone
• 001-36711 (other) — SEC File Number

Forward-Looking Statements

• Boot Barn will continue to manage its capital through share repurchases or reissuances, potentially impacting outstanding share count. (Boot Barn Holdings, Inc.) — medium confidence, target: 2024-03-30

FAQ

Industry Context

Boot Barn Holdings, Inc. operates in the retail shoe store industry, a sector influenced by consumer spending, fashion trends, and economic conditions.

Regulatory Implications

As a publicly traded company, Boot Barn Holdings, Inc. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the filing of quarterly reports (10-Q).

What Investors Should Do

1. Analyze the financial statements (income statement, balance sheet, cash flow) for the quarter ended December 30, 2023.
2. Read the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' section for insights into performance drivers and trends.
3. Review any disclosed risk factors or legal proceedings that may impact the company's future operations.

Key Dates

• 2023-12-30: Period End — End of the reporting period for the 10-Q filing.
• 2024-02-01: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is a 10-Q filing, representing a quarterly update. A comparison to the previous quarter's 10-Q and the prior year's comparable quarter would be necessary for a full trend analysis.

Key Financial Figures

• $0.0001 — nge on which registered Common Stock, $0.0001 par value BOOT New York Stock Excha

Filing Documents

• boot-20231230x10q.htm (10-Q) — 1482KB
• boot-20231230xex31d1.htm (EX-31.1) — 17KB
• boot-20231230xex31d2.htm (EX-31.2) — 17KB
• boot-20231230xex32d1.htm (EX-32.1) — 9KB
• boot-20231230xex32d2.htm (EX-32.2) — 9KB
• 0001558370-24-000677.txt (&nbsp;) — 6906KB
• boot-20231230.xsd (EX-101.SCH) — 35KB
• boot-20231230_cal.xml (EX-101.CAL) — 54KB
• boot-20231230_def.xml (EX-101.DEF) — 166KB
• boot-20231230_lab.xml (EX-101.LAB) — 373KB
• boot-20231230_pre.xml (EX-101.PRE) — 305KB
• boot-20231230x10q_htm.xml (XML) — 1347KB

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3. Quantitative and Qualitative Disclosure of Market Risk 29 Item 4.

Controls and Procedures

Controls and Procedures 29 PART II. OTHER INFORMATION 30 Item 1.

Legal Proceedings

Legal Proceedings 29 Item 1A.

Risk Factors

Risk Factors 29 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 29 Item 3. Defaults Upon Senior Securities 30 Item 4. Mine Safety Disclosures 30 Item 5. Other Information 30 Item 6. Exhibits 31

Signatures

Signatures 32 2 Table of Contents Part 1. Financial Informatio n Item 1. Consolidated Financial Statements (Unaudited ) BOOT BARN HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In thousands, except per share data) (Unaudited) December 30, April 1, 2023 2023 Assets Current assets: Cash and cash equivalents $ 107,166 $ 18,193 Accounts receivable, net 10,380 13,145 Inventories 563,378 589,494 Prepaid expenses and other current assets 54,205 48,341 Total current assets 735,129 669,173 Property and equipment, net 308,085 257,143 Right-of-use assets, net 366,745 326,623 Goodwill 197,502 197,502 Intangible assets, net 60,710 60,751 Other assets 5,334 6,189 Total assets $ 1,673,505 $ 1,517,381 Liabilities and stockholders' equity Current liabilities: Line of credit $ — $ 66,043 Accounts payable 131,655 134,246 Accrued expenses and other current liabilities 152,704 122,958 Short-term lease liabilities 59,243 51,595 Total current liabilities 343,602 374,842 Deferred taxes 39,949 33,260 Long-term lease liabilities 375,345 330,081 Other liabilities 3,664 2,748 Total liabilities 762,560 740,931 Commitments and contingencies (Note 6) Stockholders' equity: Common stock, $ 0.0001 par value; December 30, 2023 - 100,000 shares authorized, 30,528 shares issued; April 1, 2023 - 100,000 shares authorized, 30,072 shares issued 3 3 Preferred stock, $ 0.0001 par value; 10,000 shares authorized, no shares issued or outstanding — — Additional paid-in capital 229,322 209,964 Retained earnings 693,587 576,030 Less: Common stock held in treasury, at cost, 227 and 192 shares at December 30, 2023 and April 1, 2023, respectively ( 11,967 ) ( 9,547 ) Total stockholders' equity 910,945 776,450 Total liabilities and stockholders' equity $ 1,673,505 $ 1,517,381 The accompanying notes are an integral part of these co

View Full Filing

View this 10-Q filing on SEC EDGAR