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Boot Barn profit beats consensus by 15.6% in fiscal Q2

Boot Barn Holdings, Inc. said its normalized net income for the fiscal second quarter ended Sept. 27 amounted to $1.5 million, compared with a loss of $136,380 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 1.8% from negative 0.2% in the year-earlier period.

Total revenue climbed 11.7% on an annual basis to $86.4 million from $77.4 million, and total operating expenses climbed 7.5% on an annual basis to $81.1 million from $75.5 million.

Reported net income totaled $1.0 million, or 5 cents per share, compared to a loss of $1.3 million, or a loss of 7 cents per share, in the year-earlier period.