JaguarConsumer Weekly Callouts – August 6 (BOOT, COCO, XLP)

Shares of Boot Barn (BOOT) would close higher on August 3rd by 13% after reporting its Q1 earnings the night before. The company reported Q1 EPS of $1.13 that was well above consensus of $0.84. Comparable store sales came in at -2.9% vs. consensus of -8% driven by a Retail comp of -1.8% and an e-commerce comp of -10.8%. Gross Margins came in at 37.0% vs. consensus of 35.9% driven by +90 bps of merchandise margin.

Looking a bit more closely at comps, from April to June, they improved s