Boot Barn Holdings Inc (BOOT) 2022年年度报告「NYSE」.pdf

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1、Dear Shareholders,When I reflect on fiscal 2022,I couldnt be more proud of what the Boot Barn team was able to accomplish.Despite industry-wide supply chain and labor challenges,we exceeded our expectations across the board and delivered record results by many metrics.Consolidated same-store sales i

2、ncreased a staggering 54%,cycling a positive 3%comp in fiscal 2021 and 5%growth in the year prior.Our sales growth throughout the year was consistently strong,driving our business far beyond the$1 billion mark for the first time to$1.5 billion.Remarkably,all 52 weeks of fiscal 2022 grew in excess of

3、 55%on a two year basis,demonstrating the consistency of our outperformance.Merchandise margin increased 270 basis points compared to the prior year,fueled primarily by greater full price selling and growth in our exclusive brand penetration.The combination of top line strength,merchandise margin gr

4、owth and expense leverage led to a more than tripling of our earnings per share to$6.33 and an EBIT margin rate of 17.4%.This remarkable success despite an exceptionally challenging economic environment required an enormous amount of dedication,focus and resilience across our organization.The collec

5、tive efforts of our team led to one of the best,if not the best year Ive seen in my entire retail career.Along with the outstanding team performance,I believe the underlying strength in the business is a result of relentless execution across each of our four strategic initiatives,including:1.Driving

6、 same-store sales growth Year-over-year same-store sales growth of 54%in fiscal 2022 was a clear acceleration over previous periods and grew stronger each quarter of the year.Sales growth was also broad-based,with growth across all major merchandise categories and geographic regions.And while we rig