Boot Barn stock soared after the firm posted double-digit revenue and profit growth in Q3, driven by the Sheplers acquisition.
Boot Barn saw accelerated revenues in Q2, however, its net loss — to the tune of $3.3 million — may have driven down investor sentiment.
With the purchase, Boot Barn now operates 201 stores in 29 states, plus an e-commerce channel that includes Bootbarn.com and Shelpers.com.
The Western and work boot chain plans to join the New York Stock Exchange.
Acquisition activity is picking up.
Marwit Capital Partners II LP announced Tuesday it completed the purchase of 14 retail stores in Wyoming and Nevada on behalf of Boot Barn Holding Corp.