Boot Barn Q3 sales +16% to $705.6M on 76-store expansion; comps slow to 5.7%

Filed February 5, 2026 · Period ending December 27, 2025 · Compared to 10-Q Jan 31, 2025 · ~1 min read

Key Changes

• high

  Net sales rose 16.0% to $705.6M in Q3 FY2026, driven by 76 net new stores (514 total, now in 49 states). Same-store sales growth slowed to 5.7% from 8.6% prior year, though e-commerce comps accelerated to 19.6%.

  MD&A: Net Sales & Store Count verify on EDGAR →
• high

  Operating cash flow surged 62% YTD to $309.3M, enabling $37.5M in share repurchases—the first buyback activity disclosed in the comparable period. Cash balance rose to $200.1M from $69.8M at fiscal year-end.

  MD&A: Cash Flow & Capital Allocation verify on EDGAR →
• high

  Gross margin expanded 60 bps to 39.9% in Q3 on merchandise-mix gains, but operating margin held flat at 16.3% as SG&A deleveraged 70 bps (40 bps ex-prior-year CEO-resignation benefit).

  MD&A: Margins verify on EDGAR →