Why Boot Barn Stock Sank Nearly 26% Last Month

Motley Fool11-05 06:23

Boot Barn is surprisingly getting a new CEO, although investors don't yet know who the permanent replacement will be. The company is still planning to add hundreds of new locations, and the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481564306?lang=en_US&edition=fundamental","thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F796290%2Ffrustrated-investor-closes-eyes-in-front-of-computer.jpg&op=resize&w=165&h=104","is_english":true,"pubTime":"2024-11-05 06:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481564306","market":"fut","top_or_hot":-1,"title":"Why Boot Barn Stock Sank Nearly 26% Last Month","media":"Motley Fool","content":"<div>\n<p>Boot Barn is surprisingly getting a new CEO, although investors don't yet know who the permanent replacement will be.\n\n\n\n\n\n\n\nThe company is still planning to add hundreds of new locations, and the ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/11/04/why-boot-barn-stock-sank-nearly-26-last-month/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Boot Barn Stock Sank Nearly 26% Last Month</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Boot Barn Stock Sank Nearly 26% Last Month\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-05 06:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/11/04/why-boot-barn-stock-sank-nearly-26-last-month/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Boot Barn is surprisingly getting a new CEO, although investors don't yet know who the permanent replacement will be.\n\n\n\n\n\n\n\nThe company is still planning to add hundreds of new locations, and the ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/11/04/why-boot-barn-stock-sank-nearly-26-last-month/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4523","symbol_name":"印度概念","start_time":0,"source_url":"https://www.fool.com/investing/2024/11/04/why-boot-barn-stock-sank-nearly-26-last-month/","article_id":"2481564306","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F796290%2Ffrustrated-investor-closes-eyes-in-front-of-computer.jpg&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481564306","pubTimestamp":1730758980,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Investors were distracted from looking at the good financial results.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4523":"印度概念","TTM":"塔塔汽车","LU0566484027.USD":"安本美国小盘成长股","BK4099":"汽车制造商","LU1559883803.SGD":"Aberdeen Standard SICAV I - North American Smaller Companies Fund A Acc SGD-H","BK4094":"服装零售","BOOT":"Boot Barn Holdings Inc."},"translate_title":"为什么Boot Barn股价上个月下跌近26%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOOT":1,"TTM":1},"content_text":"Boot Barn is surprisingly getting a new CEO, although investors don't yet know who the permanent replacement will be.\n\n\n\n\n\n\n\nThe company is still planning to add hundreds of new locations, and the business is solidly profitable.\n\nShares of retail chain Boot Barn (BOOT 2.55%) sank 25.5% in October, according to data provided by S&P Global Market Intelligence. The biggest chunk of this decline happened on Oct. 28, after the company reported financial results for its fiscal second quarter of 2025. But the Q2 results weren't the problem. Rather, investors are concerned with a sudden change in leadership.Boot Barn CEO Jim Conroy took over 12 years ago, meaning he took the company public in 2014 and has since led it to impressive revenue growth and earnings-per-share (EPS) growth.BOOT Revenue (TTM) data by YCharts.Conroy has done well leading Boot Barn and its shareholders are consequently richer. But that's why they're concerned that Conroy announced he's leaving for Ross Stores.Even though Boot Barn announced that chief digital officer John Hazen will become interim CEO, the transition cast a cloud over otherwise strong Q2 financial results.Good financial results and higher guidanceFor Q2, Boot Barn's management had expected same-store sales to essentially be flat year over year. It expected to generate revenue of $412 million, at most. But in Q2, the company actually generated revenue of $426 million, thanks to a healthy 5% increase in same-store sales.In light of much-stronger-than-expected financial results in Q2, Boot Barn's management raised its full-year guidance. There are many guidance metrics, but one that stands out is its EPS guidance. Previously, it expected full-year diluted EPS of $5.05 to $5.35, but now it expects full-year EPS of $5.30 to $5.60.That's a big boost in guidance, and it likely would have lifted Boot Barn stock if Conroy hadn't decided to leave for another company.What should investors do now?Prior to the 26% drop in October, shares of Boot Barn had more than doubled year to date, which is extraordinary since it only expects roughly 13% growth in its fiscal 2025. In short, I believe a pullback was healthy, even though its financial results were better than expected.Turning to management, I can appreciate investors' concern regarding a change of CEO. That said, I believe fears may be premature. After all, an apparel retail business is fairly straightforward, and Boot Barn has a long history of success. I'd say to give new management some time.As of this writing, nothing has changed with Boot Barn's economics and long-term ambitions. It ended Q2 with nearly 430 locations, but it expects to have 900 locations in its fiscal 2030 -- about five years from now. The company's exclusive brands are growing as a percentage of sales, boosting profitability, and new locations have a short payback period at about 1.5 years.Boot Barn can still create a lot of long-term shareholder value. Watch results in light of new management. But for now, I'd give new leadership the benefit of the doubt and keep holding shares if I were a shareholder.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481564306"}