IRVINE, Calif. (AP) 鈥� IRVINE, Calif. (AP) 鈥� Boot Barn Holdings Inc. (BOOT) on Wednesday reported fiscal first-quarter net income of $70.1 million.
On a per-share basis, the Irvine, California-based company said it had net income of $2.29.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.
The Western apparel and footwear retailer posted revenue of $593.5 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $581.9 million.
For the current quarter ending in September, Boot Barn said it expects revenue in the range of $572 million to $582 million.
The company expects full-year earnings to be $8.80 to $9.23 per share, with revenue ranging from $2.58 billion to $2.63 billion.
Boot Barn shares have dropped 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $150.89, a decline of 14% in the last 12 months.
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