Boot Barn Holdings, Inc. (BOOT) SEC Filings & Earnings Calls

Consumer spending and tariff risks remain.

“Decreases in consumer spending due to declines in consumer confidence, local economic conditions, or changes in consumer preferences; impact of import tariffs.”

Tariff Refund Uncertainty

“A portion of entries on which IEEPA tariffs were paid are not currently subject to refunds, and the U.S. government is challenging the Court of International Trade’s ability to order that CBP issue refunds with interest on certain finally liquidated entries absent importer-specific litigation.” · word for word

Freight Cost Pressure

“The 220 basis-point increase in merchandise margin rate was primarily driven by a 250 basis-point of benefit from tariff refunds recognized during the current-year period and 60 basis points of product margin expansion, partially offset by a 90 basis-point decrease due to higher freight expense in the current-year period.” · word for word

July sales moderation due to seasonal events and concerts; slight miss vs expectations.

“July's sales came in slightly below our expectations, primarily reflecting the impact of seasonal events and concerts.” · word for word

Freight expense headwind of 90bps in merchandise margin.

“90 basis-point headwind due to higher freight expense in the current-year period.” · word for word

Q4 gross margin decline due to occupancy deleverage from new stores.

“80 basis-point decrease in gross profit rate driven by 50bps deleverage in buying, occupancy and distribution center costs.” · word for word

Tariff Exposure

“the U.S. imposed, pursuant to the International Emergency Economic Powers Act ('IEEPA'), a universal baseline tariff of 10%, plus an additional country-specific tariff for select countries, including the countries from which we source a predominant portion of our merchandise, on all U.S. imports.” · word for word

Consumer Spending Sensitivity

“During fiscal 2026, interest rates continued to be volatile, coupled with risks relating to a potential recession, contributed to softness in consumer confidence.” · word for word

Input Cost Inflation

“Increases in the price, and fluctuations in the availability and quality of fabrics and raw materials, such as cotton and leather, that our suppliers use to manufacture our products, as well as the cost of labor and transportation, due to inflation or otherwise, could have adverse impacts on our cost of merchandise” · word for word

Supplier Concentration

“During fiscal 2026, merchandise purchased from our top three suppliers accounted for approximately 25% of our consolidated sales.” · word for word

AI Competitive Risk

“The rapid development and adoption of AI technologies, including AI-driven search tools, may adversely affect our product visibility, competitive position and results of operations.” · word for word

Occupancy cost deleverage from new stores

“The deleverage in buying, occupancy and distribution center costs was primarily driven by the occupancy costs of new stores.” · word for word

Winter storms impacting Q4 start

“prior to recent winter storms, consolidated same store sales grew high-single-digits. Including the impact of these storms, consolidated same store sales increased 5.7% for the first five weeks” · word for word

No material new risks; standard risk factors reiterated.

“Risk factors include consumer spending, tariffs, competition, etc.”

Inventory build ahead of holiday season

“Inventory increased by $107.9 million as a result of an increase in purchases.” · word for word