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Boot Barn fiscal Q1 profit climbs 86.4% YOY

Boot Barn Holdings, Inc. said its normalized net income for the fiscal first quarter ended June 27 amounted to 11 cents per share, compared with the S&P Capital IQ consensus estimate of 11 cents per share.

EPS climbed 32.3% year over year from 9 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.1 million, a gain of 86.4% from $1.7 million in the prior-year period.

The normalized profit margin rose to 3.2% from 2.0% in the year-earlier period.

Total revenue increased 16.4% on an annual basis to $96.0 million from $82.5 million, and total operating expenses increased 17.1% on an annual basis to $90.3 million from $77.1 million.

Reported net income totaled $2.2 million, or 8 cents per share, compared to a loss of $34,000, or a loss of 0 cents per share, in the prior-year period.