Boot Barn Holdings reported a positive first quarter in which it exceeded the upper end of its forecast in every respect.

The lifestyle retailer of western and work boots, apparel and accessories for men, women and children reported net income rose to $38.9 million, or $1.26 earnings per share, for the quarter ended June 29, from $34.3 million, or $1.13 per diluted share, a year earlier.The same quarter last year.

Net sales increased 10.3% to $423.4 million from $383.7 million. Like-for-like sales increased 1.4%, with retail like-for-like sales increasing 0.8% and e-commerce like-for-like sales increasing 6.7%.

“The sequential improvement we have seen in consolidated same-store sales growth has not only continued in the first quarter, but has continued to grow consistently month-over-month within the quarter itself,” said Jim Conroy, Boot Barn President and CEO. “We are encouraged by the increasing sales momentum we have seen, especially while maintaining our low promotional policy.”

Boot Barn opened 11 stores during the quarter, bringing its total number of stores to 411 in 46 states. The company expects to open 60 new stores during the year.

The company has raised its full-year guidance. It now expects total revenue for fiscal 2025 to be between $1.816 billion and $1.850 billion, representing year-over-year growth of 8.9 percent to 11 percent. This is an increase from the previous guidance of total revenue for the year of $1.766 billion to $1.800 billion, representing year-over-year growth of 5.9 percent to 8 percent.

“Despite the potential macroeconomic challenges, we remain committed to focusing on our strategic initiatives and are confident that we are well positioned for long-term success,” said Conroy.