Boot Barn missed sales expectations in the second quarter, prompting the retailer to lower its guidance for the year. The Irvine, Calif-based footwear company saw net sales in Q2 2027 increase 15.1 percent to $581.8 million from $505.4 million in the prior-year period. Net income in Q2 was $52.5 million, or $1.73 per diluted share, compared to $42.2 million, or $1.37 per diluted share, in the prior-year period. These results were in-line with the guidance Boot Barn laid out last quarter, which called for net sales in Q2 at between $572 million and $582 million, representing growth between 13 percent and 15 percent over the prior-year period. But, Boot Barn missed analysts’ sales expectations in the quarter with sales anticipated between $576 million and $582.8 million in Q2, according to Yahoo Finance. The company did beat analysts’ earnings expectations, however, which called for earnings per diluted share between $1.58 and $1.65. Boot Barn noted that the increase in net sales in Q2 was the result of incremental sales from new stores and the increase in consolidated same store sales. In the second quarter, Boot Barn opened 19 new stores, bringing its total store count to 584 as of Sept. 26. The company also disclosed that
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