Boot Barn Likely to Report In-Line Fiscal Q2 EPS, Reiterate 2027 Guidance, UBS Securities Says

MT Newswires Live10-23

Boot Barn (BOOT) is expected to report a fiscal Q2 earnings per share that would be roughly in-line with consensus, and reiterate its fiscal 2027 EPS guidance range of $8.80 to $9.23, UBS Securities said in a Thursday note.

The investment firm said stock move will depend on Boot Barn's fiscal Q3-to-date comparable sales growth update, given that trends may have decelerated as the company laps sequentially more difficult compares, according to the note.

The company is expected to issue a Q3 comp sales guidance of flat to 2% growth year-on-year, with industry data implying that Q3-to-date comp sales are trending in the area of low-single digit decline, UBS said.

"While we see a balanced upside-downside skew around the event, we believe Boot Barn has underappreciated long-term growth potential," analysts wrote.

The company is scheduled to post its fiscal Q2 results on Oct. 28.

UBS Securities lowered its price target to $232 from $272, and maintained its buy rating on the stock.

Price: 117.90, Change: +1.81, Percent Change: +1.56

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