Why Shares of Boot Barn Holdings Were Up Today
Shares of retailer Boot Barn Holdings (NYSE: BOOT) jumped as much as 26.5% in early trading Thursday after the company reported fiscal first-quarter results. But the stock didn't hold those gains and was up only 4.7% at the close of trading.
Sales for the quarter jumped 14.7% to $185.8 million on an 11.1% increase in same-store sales. Net income jumped 43.8% to $9.7 million, or $0.33 per share. Analysts only expected revenue of $180 million and earnings of $0.22 per share, so this was a wide earnings beat.
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