Boot Barn Holdings Inc (BOOT)
Pretax margin
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 197,372 | 219,849 | 215,174 | 219,897 | 225,878 | 226,391 | 246,658 | 252,836 | 252,593 | 221,535 | 170,442 | 129,213 | 77,250 | 53,092 | 45,476 | 47,366 | 60,313 | 66,087 | 59,518 | 54,435 |
| Revenue (ttm) | US$ in thousands | 1,666,161 | 1,703,269 | 1,697,413 | 1,674,491 | 1,656,641 | 1,613,747 | 1,585,275 | 1,546,627 | 1,487,461 | 1,363,824 | 1,180,258 | 1,052,056 | 893,495 | 823,251 | 804,910 | 807,578 | 845,563 | 849,690 | 819,699 | 800,625 |
| Pretax margin | 11.85% | 12.91% | 12.68% | 13.13% | 13.63% | 14.03% | 15.56% | 16.35% | 16.98% | 16.24% | 14.44% | 12.28% | 8.65% | 6.45% | 5.65% | 5.87% | 7.13% | 7.78% | 7.26% | 6.80% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $197,372K ÷ $1,666,161K
= 11.85%
Boot Barn Holdings Inc's pretax margin has displayed fluctuations over the past several quarters. The pretax margin has been on a general downward trend, decreasing from 16.98% in Mar 31, 2022, to 11.85% in Mar 31, 2024. This indicates that the company's profitability before taxes has been decreasing over time. Factors such as changes in operating expenses, cost of goods sold, and revenue growth could have influenced these fluctuations. Additionally, the pretax margin has shown seasonal variations, with higher margins typically seen in the second and third quarters compared to the first and fourth quarters. It would be beneficial for stakeholders to closely monitor the trends in pretax margin and identify strategies to improve profitability in the future.
Peer comparison
Mar 31, 2024