Boot Barn Holdings Inc, a life-style retailer of footwear and attire, reported 1.four per cent gross sales decline to $184.5 million in its second quarter (Q2) FY21 ended on September 26, 2020, in comparison with the gross sales of $187.2 million in the identical interval final yr. Firm’s web revenue for the quarter was $5.7 million in comparison with web revenue of $7.7 million in Q2 FY20.
Gross revenue for Q2 FY21 was $55.four million ($59.three million). Promoting, common and administrative bills for the quarter had been $45.four million ($46.four million). Firm’s revenue from operation had been all the way down to $10.zero million ($12.9 million).
“Our enterprise continues to indicate resilience amidst difficult working circumstances. Following a sluggish begin to the second quarter because of the altering sentiment round Covid-19, similar retailer gross sales traits improved every month, turning constructive in September pushed by stronger retailer visitors,” Jim Conroy, chief govt officer, mentioned in a press launch.
“Our third quarter has began properly with retail retailer similar retailer gross sales enhancing to flat and e-commerce gross sales traits remaining sturdy. Along with stable demand for work boots, we’ve additionally seen a pleasant sequential enchancment in western boots, western attire, and hats,” Conroy mentioned. “As we method the start of the vacations, we’re inspired with our present momentum and are ready to execute properly as we enter the busy vacation purchasing season.”
Fibre2Fashion Information Desk (JL)