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Boot Barn Holdings BOOT Contract With Customer Refund Liability — Deferred Revenue

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Other financials

Income statement

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Revenue$593.5M+17.7%
Gross profit$239.9M+21.6%
Operating income$90.5M+28.0%
Net income$70.1M+31.3%
EPS (diluted)$2.29+31.6%

Balance sheet

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Cash & equivalents$139.3M+46.1%
Total debt$806.0M+35.0%
Total equity$1.4B+16.0%
Total assets$2.6B+22.7%

Cash flow

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Operating cash flow$83.8M+13.5%
CapEx$51.1M+62.4%
Free cash flow$32.8M-22.7%

Valuation

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Market cap$4.97B-3.0%
Enterprise value$5.63B+0.2%
P/E20.5×-5.7×
P/S2.1×-0.5×

Profitability

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Gross margin38.5%+0.4pp
Operating margin13.6%+0.6pp
Net margin10.4%+0.5pp
FCF margin1.4%

Returns & leverage

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Return on equity19.2%+1.0pp
Debt / equity0.6×+0.1×
Current ratio2.5×0.0×

Where this comes from

Reported directly by Boot Barn Holdings in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: Boot Barn Holdings’s 10-K, filed May 14, 2026.

Filed
May 14, 2026, 5:25 PM EDT
Fiscal year
FY2026
Accession
0001104659-26-061346

Revenue is recorded net of estimated and actual sales returns and deductions for coupon redemptions, estimated future award redemption and other promotions. The sales returns reserve reflects an estimate of sales returns based on projected merchandise returns determined through the use of historical average return percentages. The total reserve for returns was $9.7 million and $8.8 million as of March 28, 2026 and March 29, 2025, respectively, and is recorded in accrued expenses and other current liabilities in the accompanying consolidated balance sheets. The Company accounts for the return asset and liability separately on a gross basis.

Item 8. Consolidated Financial Statements and Supplementary Data

FAQ

What is Boot Barn Holdings's contract with customer refund liability — deferred revenue?
Boot Barn Holdings (BOOT) reported contract with customer refund liability — deferred revenue of $9.7M in Q1 2026.
How has Boot Barn Holdings's contract with customer refund liability — deferred revenue changed year-over-year?
Boot Barn Holdings's contract with customer refund liability — deferred revenue increased by 10.2% year-over-year, from $8.8M to $9.7M.
What does contract with customer refund liability — deferred revenue mean?
This represents the total estimated obligation to refund customers for returned merchandise that is expected to be reversed. It serves as a balance sheet indicator of the company's anticipated future cash outflows related to sales returns. Monitoring this liability helps investors assess the potential impact of product returns on future liquidity and net revenue recognition.

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