Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Boot Barn Holdings, Inc. (NYSE: BOOT)
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Mittwoch, Mai 8, 2024
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Based in Irvine, California, Boot Barn is a specialty retailer that sells western and work-related footwear, apparel and accessories in the U.S.
Key Points:
- Based in Irvine, California, Boot Barn is a specialty retailer that sells western and work-related footwear, apparel and accessories in the U.S.
- As of year-end 2023, Boot Barn reported $1,704 million and $116 million of revenues and adjusted net income, respectively.
- Spruce Point is equally concerned by the leadership chosen to support and oversee CEO Conroy.
- Spruce Point has several concerns with Boot Barn’s new store economics, pictorial representations of stores and anomalous capital spending.