Boot Barn Holdings, Inc. provided updated earnings guidance for the third quarter and full fiscal year ending March 31, 2023. For the fiscal third quarter ending December 30, 2023, the Company expects total sales of $522 million to $535 million, representing growth of 1.4% to 4.0% over the prior year, Same store sales decline of approximately (10.5)% to (8.0)%, with retail store same store sales declines of (9.5)% to (7.0)% and e-commerce same store sales declines of (15.5)% to (12.5)%. Income from operations between $69.6 million and $74.8 million. This represents approximately 13.3% to 14.0% of sales. Net income per diluted share of $1.67 to $1.79 based on 30.7 million weighted average diluted shares outstanding.

For the full fiscal year ending March 30, 2024, the Company now expects Total sales of $1.677 billion to $1.702 billion, representing growth of 1.2% to 2.7% over the prior year, which was a 53-week year. Same store sales decline of approximately (6.5)% to (5.0)%, with retail store same store sales declines of (5.5)% to (4.0)% and an e-commerce same store sales decline of (13.0)% to (11.0)%. Net income of $145.2 million to $153.4 million. Net income per diluted share of $4.75 to $5.00 based on 30.7 million weighted average diluted shares outstanding.

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