Boot Barn Has Struck Gold In Fly-Over Country, A $20 Billion Market That Most Only Look Down Upon

As a retailer known for rodeo wear, Boot Barn Holdings has been wrangling in its own Wall Street rodeo, trying to ride the current bull market. That chute opened at the end of March 2020, when Boot Barn was trading around $12 to $13 per share. Now it’s trading over $110.

It’s had an amazing ride, with sales expected to reach $1.4 billion for fiscal 2022, which will close at the end of March 2022. In its recent third quarter 2022, ended December 25, 2021, sales should top $486 million, up 71% over the same period two-years ago, once preliminary financials are tallied.

Bragging that his company has achieved CAGR of 22% since 2013, CEO Jim Conroy said at this week’s ICR conference, “Most investors live in Boston or New York, Los Angeles or San Francisco. We encourage them to look outside the window when they fly

Keep reading this article on Forbes Business.

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