Boot Barn Q1 FY27: Revenue +17.7% to $593.5M; $17.3M tariff refund boosts operating income +28%

Filed July 29, 2026 · Period ending June 27, 2026 · Compared to 10-Q Jul 31, 2025 · ~2 min read

Key Changes

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  Supreme Court ruling invalidated IEEPA tariffs; Boot Barn recognized $17.3M in refunds during Q1 FY27 ($14.7M reducing COGS, $2.6M reducing inventory), a one-time benefit under ASC 450-30 gain contingency accounting.

  MD&A: IEEPA tariff refund verify on EDGAR →
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  Same-store sales growth decelerated to 4.7% from 9.4% prior year (e-commerce comps +13.4%, brick-and-mortar +3.8%), reflecting tougher comparisons and normalizing demand. Revenue growth of 17.7% includes an extra week in the prior-year fiscal calendar.

  MD&A: Same-store sales & fiscal calendar verify on EDGAR →
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  Gross margin expanded 130 bps to 40.4%; excluding the 250 bps tariff refund benefit, underlying margin improved 60 bps on product mix, offset by 90 bps higher freight costs and 90 bps occupancy deleverage from new stores.

  MD&A: Gross profit margin verify on EDGAR →