Why Boot Barn Holdings Stock Plummeted by Nearly 21% This Week

Boot Barn's (NYSE: BOOT) fiscal second-quarter results hit the headlines this week, but the company's stock was far more affected by a development in its C-suite. By the time the smoke had cleared, Boot Barn's share price had taken a hit of almost 21% across the week, according to data compiled by S&P Global Market Intelligence.Monday was the day both pieces of news were released. Boot Barn's second-quarter figures actually weren't bad, with total net sales rising by 12% to over $849 million on the back of an almost 5% rise in same-store sales. Generally accepted accounting principles (GAAP) net income also defied gravity, rising to more than $29 million ($0.95 per share) from the year-ago profit of almost $28 million.The top-line result was slightly higher than the consensus analyst estimate, while profitability fell just short of the average projection.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool