A smaller American shoe retailer that has posted better-than-expected results is Boot Barn. Both preliminary earnings and sales for its third quarter ended Dec. 29 came in well above projections.
Revenues were up by 13 percent to about $254 million, with same-store sales increasing by approximately 9.2 percent, including double-digit growth in e-commerce and high single-digit growth in the physical stores. This compares with previous guidance for the quarter of an increase of 5.0 percent to 7.0 percent.
The strong performance represents the company's seventh consecutive quarter of same-store sales growth in its physical stores.
Boot Barn recorded sales growth in all major product categories and geographic regions, while generating strong expansion in merchandise margins. The company plans to report third-quarter results on Feb. 5, 2019.