Boot Barn raises store target 33% to 1,200 as sales jump 18% and margins expand

Filed May 14, 2026 · Period ending March 28, 2026 · Compared to 10-K May 15, 2025 · ~2 min read

Key Changes

• high

  Management increased long-term store potential from 900 to 1,200 locations (+33%), reflecting greater confidence in addressable market. Company opened 80 stores in fiscal 2026 vs 60 prior year, reaching 539 total stores.

  Business: Long-term store growth target verify on EDGAR →
• high

  Net sales rose 17.9% to $2.25B; same-store sales +7.2% (e-commerce +15.3%, stores +6.2%); gross margin expanded 60bp to 38.1%; net income up 24.8% to $225.9M. Operating cash flow more than doubled to $304.9M.

  MD&A: Financial performance verify on EDGAR →
• high

  Exclusive brand penetration increased from 38.6% to 40.8% of sales. Since exclusive brands achieve better margins than third-party brands, this 2.2pp shift supports continued gross margin expansion.

  Business: Exclusive brand sales penetration verify on EDGAR →