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Boot Barn Holdings (NYSE:BOOT) rallied in Tuesday buying and selling after proving an replace on the Piper Sandler Progress Frontiers Convention.
CEO Jim Conroy stated the retailer continues to see strong efficiency from new retailer openings in a number of markets throughout the nation.
“From a identical retailer gross sales perspective, it’s encouraging to see sequential enchancment from July to August and for the primary two weeks of fiscal September. On a quarter-to-date foundation, we are actually comping optimistic in each channels, throughout all 4 retailer geographies and in each main merchandise classification. Moreover, the latest energy in identical retailer gross sales has been pushed by year-over-year progress in common retailer transactions with no significant change in our promotional posture.”
Wanting forward, Boot Barn (BOOT) stated it’s more and more assured within the underlying tone of the enterprise because it prepares for the upcoming vacation quarter, regardless of the backdrop of macro uncertainties.
Shares of Boot Barn (BOOT) have been up 7.76% at 11:46 a.m. on Tuesday and carved out a brand new 52-week excessive of $161.86 earlier within the session.
