BOOT FY 2023 Earnings Report — Boot Barn Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Boot Barn Holdings, Inc.BOOT

FY 2023 Earnings

Reported May 18, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.5B	—	11.4%
Op. Income	$232M	—	$258M	—	-10.3%
Gross Margin	36.8%	—	38.6%	—	-1.8pp
Net Margin	10.3%	—	12.9%	—	-2.6pp
EPS (Diluted)	$5.62	—	$6.33	—	-11.2%
Free Cash Flow	-$36M	—	$28M	—	-225.4%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.0B
GROSS PROFIT	$611M
R&D Expenses	$0
Selling & Marketing	$41M
General & Administrative	$338M
SG&A Expenses	$379M
Other Expenses	$0
Operating Expenses	$379M
Cost & Expenses	$1.4B
OPERATING INCOME	$232M
Interest Income	$0
Interest Expense	$6M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$226M
Income Tax Expense	$55M
Net Income from Continuing Ops	$171M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$171M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$171M
D&A	$84M
EBIT	$232M
EBITDA	$316M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.0B
GROSS PROFIT	$611M
R&D Expenses	$0
Selling & Marketing	$41M
General & Administrative	$338M
SG&A Expenses	$379M
Other Expenses	$0
Operating Expenses	$379M
Cost & Expenses	$1.4B
OPERATING INCOME	$232M
Interest Income	$0
Interest Expense	$6M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$226M
Income Tax Expense	$55M
Net Income from Continuing Ops	$171M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$171M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$171M
D&A	$84M
EBIT	$232M
EBITDA	$316M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$171M
Depreciation & Amortization	$36M
Stock-Based Compensation	$10M
Deferred Income Tax	$6M
Other Non-Cash Items	$48M
Change in Working Capital	-$182M
OPERATING CASH FLOW	$89M
Capital Expenditure	-$125M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$125M
Net Debt Issuance	$37M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$5M
NET CASH FROM FINANCING	$33M
FREE CASH FLOW	-$36M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$18M
Short-Term Investments	$0
Net Receivables	$13M
Inventory	$589M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$669M
PP&E (Net)	$584M
Goodwill	$198M
Intangible Assets	$61M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$6M
TOTAL NON-CURRENT ASSETS	$848M
TOTAL ASSETS	$1.5B
Account Payables	$134M
Short-Term Debt	$66M
Deferred Revenue	$22M
Other Current Liabilities	$35M
TOTAL CURRENT LIABILITIES	$375M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$33M
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$366M
TOTAL LIABILITIES	$741M
Common Stock	$3.0K
Additional Paid-In Capital	$210M
Retained Earnings	$576M
Treasury Stock	-$10M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$776M
Minority Interest	$0
TOTAL EQUITY	$776M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$448M
Net Debt	$430M