Why Boot Barn Rocketed Higher This Week
Shares of Western-style retailer Boot Barn (NYSE: BOOT) rocketed 34% higher this week through 2 p.m. ET Friday, according to data from S&P Global Market Intelligence.Boot Barn not only got a lift from the relaxation of tariffs on Chinese-imported goods announced Monday, but also held its fiscal fourth-quarter earnings release and call on Wednesday.While reported results actually missed expectations, Boot Barn's forward guidance for the year ahead and its encouraging commentary on tariff mitigation led to a massive recovery, following a three-month sell-off.Continue reading
Shares of Western-style retailer Boot Barn (NYSE: BOOT) rocketed 34% higher this week through 2 p.m. ET Friday, according to data from S&P Global Market Intelligence.
Boot Barn not only got a lift from the relaxation of tariffs on Chinese-imported goods announced Monday, but also held its fiscal fourth-quarter earnings release and call on Wednesday.
While reported results actually missed expectations, Boot Barn's forward guidance for the year ahead and its encouraging commentary on tariff mitigation led to a massive recovery, following a three-month sell-off.
