Boot Barn Holdings, Inc.
For the period ended Mar 29, 2025. Filed May 15, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed May 15, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| · · Page | |||||
|---|---|---|---|---|---|
| PART I | | | | | |
| Item 1. | | Business | | 2 | |
| Item 1A. | | Risk Factors | | 14 | |
| Item 1B. | | Unresolved Staff Comments | | 36 | |
| Item 1C. | | Cybersecurity | | 36 | |
| Item 2. | | Properties | | 37 | |
| Item 3. | | Legal Proceedings | | 37 | |
| Item 4. | | Mine Safety Disclosures | | 38 | |
| PART II | | | | | |
| Item 5. | | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | | 38 | |
| Item 6. | | [Reserved] | | 39 | |
| Item 7. | | Management’s Discussion and Analysis of Financial Condition and Results of Operations | | 39 | |
| Item 7A. | | Quantitative and Qualitative Disclosures About Market Risk | | 52 | |
| Item 8. | | Consolidated Financial Statements and Supplementary Data | | 53 | |
| Item 9. | | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | | 83 | |
| Item 9A. | | Controls and Procedures | | 83 | |
| Item 9B. | | Other Information | | 85 | |
| Item 9C. | | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | | 85 | |
| PART III | | | | | |
| Item 10. | | Directors, Executive Officers and Corporate Governance | | 85 | |
| Item 11. | | Executive Compensation | | 85 | |
| Item 12. | | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | | 86 | |
| Item 13. | | Certain Relationships and Related Transactions, and Director Independence | | 86 | |
| Item 14. | | Principal Accounting Fees and Services | | 86 | |
| PART IV | | | | | |
| Item 15. | | Exhibits and Financial Statement Schedules | | 86 | |
Cautionary Note Regarding Forward-Looking Statements
This annual report contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical or current fact included in this annual report are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements refer to our current expectations and projections relating to, by way of example and without limitation, our financial condition, liquidity, profitability, results of operations, margins, plans, objectives, strategies, future performance, business and industry. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “might”, “will”, “could”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events, but not all forward-looking statements contain these identifying words. For example, all statements we make relating to our estimated and projected earnings, revenues, costs, expenditures, cash flows, growth rates and financial results, our plans and objectives for future operations, growth or initiatives, strategies or the expected outcome or impact of pending or threatened litigation are forward-looking statements. Factors that might cause or contribute to such a discrepancy include, but are not limited to, the factors set forth in Item 1A. Risk Factors – “Summary of Risk Factors” below.
We derive many of our forward-looking statements from our current operating budgets and forecasts, which are based upon detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and it is impossible for us to anticipate all factors that could affect our actual results. For these reasons, we caution readers not to place undue reliance on these forward-looking statements.
See “Risk Factors” for a more complete discussion of the risks and uncertainties mentioned above and for a discussion of other risks and uncertainties. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. All forward-looking statements attributable to us are expressly qualified in their entirety by these cautionary statements as well as others made in this annual report and in our other SEC filings and public communications. You should evaluate all forward-looking statements made by us in the context of these risks and uncertainties.
We caution you that the risks and uncertainties identified by us may not be all of the factors that are important to you. Furthermore, the forward-looking statements included in this annual report are made only as of the date hereof. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures or investments that we may make. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
We operate on a fiscal calendar that results in a 52- or 53-week fiscal year ending on the last Saturday of March unless April 1st is a Saturday, in which case the fiscal year ends on April 1st. In a 52-week fiscal year, each quarter includes thirteen weeks of operations; in a 53-week fiscal year, the first, second and third quarters each include thirteen weeks of operations, and the fourth quarter includes fourteen weeks of operations. The data presented contains references to fiscal 2025, fiscal 2024, and fiscal 2023, which represent our fiscal years ended March 29, 2025, March 30, 2024 and April 1, 2023, respectively. Fiscal 2025 and 2024 were each 52-week periods and fiscal 2023 was a 53-week period.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.