Why Boot Barn Stock Got Smashed Today

Shares of retail chain Boot Barn (NYSE: BOOT) got smashed on Tuesday after the company reported financial results for its fiscal second quarter of 2025. Granted, the pullback comes after it recently hit record highs. But a surprise change of CEO has investors worried and led to Boot Barn stock being down 20% as of 10:20 a.m. ET.To be clear, Boot Barn's Q2 financial results smashed expectations. Management had said that same-store sales would essentially be flat, leading to year-over-year net sales growth of 8% to 10%. But in reality, Q2 net sales of $426 million were up nearly 14%, boosted by same-store sales growth of nearly 5%.In part thanks to strong results in Q2, Boot Barn's management increased its full-year financial guidance. And normally a classic "beat and raise" would send shares soaring. But the company dropped surprising news on investors and it's not sitting well.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool