Boot Barn Holdings Inc (BOOT) 2020年年度报告「NYSE」.pdf

1、Dear Shareholders,I couldnt be more proud of the performance of Boot Barn and our team of more than 3,000 employees across the country in Fiscal 2020.That said,it is important to acknowledge the global health crisis that impacted the company in the last month of our fiscal year and has had such a pr

2、ofound and deleterious impact on the lives of so many people.When COVID-19 began to spread,the entire Boot Barn team moved with haste to ensure that we would be able to continue to safely provide essential merchandise to our core customers that were continuing to shop with us for products necessary

3、to perform their jobs.We immediately transformed our physical stores and e-commerce sites to meet their specific needs.We remain committed to supporting Americas workers,farmers,ranchers,first responders,and communities we serve during this difficult time.I would personally like to thank all the Boo

4、t Barn associates who have demonstrated tremendous leadership in developing innovative and safe ways to continue to serve our customers.It is a testament to the powerful culture across the entire organization and I am grateful to be a part of it.From a business perspective,Fiscal 2020 proved to be a

5、nother year of strong growth at Boot Barn.Despite the COVID-19 health crisis that negatively impacted our business during the final weeks of the fiscal year,our financial results exceeded the earnings per share guidance that we provided for the business at the beginning of the year.We achieved same

6、store sales growth of 5.0%,cycling 10%same store sales growth in the prior year.The combination of strong sales and merchandise margin,coupled with a focus on profitability,drove a 40-basis point increase in operating profit margin to 8.7%,and 25%EPS growth on a tax adjusted basis.We continued the t