Exhibit 99.1

Boot Barn Holdings, Inc. Announces Second Quarter Financial Results

IRVINE, California — December 2, 2014—Boot Barn Holdings, Inc. (NYSE: BOOT) today announced financial results for the second quarter of fiscal year 2015 ended September 27, 2014.

Highlights for the second quarter ended September 27, 2014, compared to the second quarter ended September 28, 2013 were as follows:

·                  Net sales increased 11.7% to $86.4 million;

·                  Same store sales, which include e-commerce sales, increased 7.3%;

·                  Net income was $0.9 million, or $0.05 per diluted share, compared to a net loss of ($1.4) million or ($0.07) per share; and,

·                  Pro forma adjusted net income(1) was $2.4 million, or $0.09 per diluted share compared to $0.9 million, or $0.04 per diluted share.

(1) Pro forma adjusted net income is a non-GAAP measure. A reconciliation of GAAP net income to this measure is included in the accompanying financial data. See also “Non-GAAP Financial Measures.”

Jim Conroy, Chief Executive Officer, commented, “We are pleased to have delivered another quarter of strong operating results.  This quarter marks our 20th consecutive quarter of same store sales increases, demonstrating that our offering continues to resonate with a broad and loyal audience of passionate western and country enthusiasts as well as workers seeking dependable products for their everyday needs.”

Conroy continued, “Shortly after the end of the quarter, we reached a significant milestone by completing our initial public offering (“IPO”).  As a result of our successful IPO, we have strengthened our capital structure to provide the financial flexibility to accelerate the growth of our business.  We believe there are significant opportunities to expand our business, store base and customer reach, and we are excited about what the future holds for Boot Barn and our shareholders.”

Operating Results for the Second Quarter Ended September 27, 2014

·                  Net sales increased 11.7% to $86.4 million from $77.4 million in the second quarter of fiscal 2014; same store sales, which include e-commerce sales, increased 7.3%.  Net sales also increased due to contributions from 11 new stores opened between the third quarter of fiscal 2014 and the second quarter of fiscal 2015.

·                  Gross profit was $27.8 million or 32.1% of net sales, compared to adjusted gross profit of $24.3 million or 31.5% of net sales in the prior year period, which excludes $0.6 million of one-time costs associated with the Baskins Acquisition. Gross profit, as a percentage of net sales, increased 60 basis points on an adjusted basis driven by an improvement in net merchandise margin, offset by increases in store occupancy and depreciation, and procurement and distribution costs.

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·                  Income from operations was $4.4 million, which included $0.9 million in non-recurring expenses related to a potential acquisition that the Company chose not to pursue.  This compares to a loss from operations of ($0.1) million in the prior year period, which included $2.5 million of expenses related to the Baskins Acquisition and a $0.3 million loss on disposal of assets. Excluding the above noted items, adjusted income from operations was $5.3 million or 6.1% of net sales, compared to $2.6 million or 3.4% of net sales in the prior year period.

·                  The Company opened three new stores and ended the quarter with 158 stores in 24 states.

·                  Net income for the second quarter of fiscal 2015 was $0.9 million, or $0.05 per diluted share, compared to a net loss of ($1.4) million or ($0.07) per share in the prior year period.  Pro forma adjusted net income was $2.4 million, or $0.09 per diluted share compared to $0.9 million, or $0.04 per diluted share in the prior year period.

A reconciliation of the above non-GAAP financial measures to their nearest GAAP financial measures is included in the accompanying financial data. See also “Non-GAAP Financial Measures.”

Operating Results for the Six Months Ended September 27, 2014

·                  Net sales increased 19.0% to $168.9 million from $141.9 million in the prior year period; same store sales, which include e-commerce sales, increased 7.4%.  Net sales for the six months ended September 27, 2014 also included a six month sales contribution from the Baskins stores, which the Company acquired in May 2013, compared to a four month sales contribution in the prior year period.

·                  Gross profit was $54.6 million or 32.4% of net sales, compared to adjusted gross profit of $46.8 million or 33.0% of net sales in the prior year period, which excludes $0.8 million of one-time costs associated with the Baskins Acquisition.  Gross profit, as a percentage of net sales, decreased 60 basis points on an adjusted basis driven by increases in store occupancy and depreciation, procurement and distribution costs offset by an improvement in net merchandise margin.

·                  Income from operations was $9.8 million, which included $0.9 million in non-recurring expenses related to a potential acquisition that the Company chose not to pursue and a $0.1 million loss on disposal of assets.  This compares to income from operations of $2.6 million in the prior year period, which included $3.6 million of expenses related to the Baskins acquisition and a $0.3 million loss on disposal of assets.  Excluding the above noted items, adjusted income from operations was $10.7 million or 6.4% of net sales, compared to $6.5 million or 4.6% of net sales in the prior year period.

·                  The Company opened six new stores in the twenty-six week period.

·                  Net income was $2.4 million, or $0.05 per diluted share compared to a net loss of ($2.8) million or ($0.15) per share for the prior year period.  Pro forma adjusted net income was $4.6 million, or $0.18 per diluted share compared to $2.7 million or $0.11 per diluted share in the prior year period.  Pro forma adjusted net income per share excludes the effect of a cash payment of $1.4 million, or $0.06 per diluted share, to holders of vested stock options in the first quarter of fiscal 2015.

A reconciliation of the above non-GAAP financial measures to their nearest GAAP financial measures is included in the accompanying financial data. See also “Non-GAAP Financial Measures.”

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Balance Sheet Highlights as of September 27, 2014

·                  Cash: $1.4 million

·                  Total debt (pre-IPO):  $181.5 million

·                  Total liquidity (cash plus availability on $70 million revolving credit facility ): $19.5 million

Subsequent Events

On November 4, 2014, Boot Barn successfully completed its initial public offering (“IPO”) at $16.00 per share.  The Company sold 5,750,000 shares of common stock, including 750,000 shares sold pursuant to the full exercise of the underwriters’ option to purchase additional shares.  Total net proceeds received by the Company, after deducting underwriter discounts and commissions and estimated offering expenses, were approximately $82.5 million.  Following the completion of its IPO, the Company repaid approximately $81.9 million of its existing term loan and paid approximately $0.6 million in pre-payment fees.  After this loan repayment, cash and cash equivalents were $1.4 million, and there was $47.5 million outstanding on the Company’s term loan facility.

In connection with the term loan repayment, the Company amended its revolving credit facility with PNC Bank, NA and term loan facility with Golub Capital LLC.  Among other things, the term loan amendment lowered the LIBOR floor from 1.25% to 1.0%.  For additional detail, please see the Company’s filing on Form 8-K dated November 6, 2014.

Fiscal Year 2015 Outlook

The Company currently anticipates the following for its fiscal year 2015 (ended March 28, 2015):

·                  Same store sales growth, including e-commerce sales, of mid-single digits;

·                  The opening of 17 new stores;

·                  Income from operations between $31 million and $33 million;

·                  Net income of $11.9 million to $13.1 million, or $0.52 to $0.57 per diluted share based on an estimated 22.9 million weighted average diluted shares outstanding; and

·                 Pro forma adjusted net income of $16.3 million to $17.5 million, or $0.62 to $0.66 per diluted share based on an estimated 26.3 million weighted average diluted shares outstanding. Pro forma adjusted net income has been adjusted to include the full year impact of the initial public offering and subsequent repayment of a portion of the existing term loan.

Conference Call Information

A conference call to discuss the financial results for the second quarter of fiscal 2015 is scheduled for today, December 2, 2014, at 4:30 p.m. ET (1:30 p.m. PT). Investors and analysts interested in participating in the call are invited to dial (877) 407-4018. The conference call will also be available to interested parties through a live webcast at www.bootbarn.com. Please visit the Web site and select the “Investor Relations” link at least 15 minutes prior to the start of the call to register and download any necessary software. A telephone replay of the call will be available until December 16, 2014, by dialing (877) 870-5176 (domestic) or (858) 384-5517 (international) and entering the conference identification number: 13596238. Please note participants must enter the conference identification number in order to access the replay.

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About Boot Barn

Boot Barn is the nation’s leading lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. With 165 stores in 25 states today, the Company offers its loyal customer base a wide selection of more than 200 work and lifestyle brands.  For more information, visit www.bootbarn.com.

Non-GAAP Financial Measures

The Company presents adjusted gross profit, adjusted income from operations, pro forma adjusted net income, and pro forma adjusted diluted earnings per share to help the Company describe its operating and financial performance.  These financial measures are non-GAAP financial measures and should not be construed in isolation or as an alternative to actual gross profit, , actual income from operations, actual net income (loss), and actual basic and diluted earnings per share and other income or cash flow statement data (as presented in the Company’s consolidated financial statements in accordance with generally accepted accounting principles in the United States, or GAAP), as a better indicator of operating performance or as a measure of liquidity. These non-GAAP financial measures, as defined by the Company, may not be comparable to similar non-GAAP financial measures presented by other issuers. The Company’s management believes that these non-GAAP financial measures provide investors with transparency by helping illustrate the financial results to exclude items that may not be indicative of, or are unrelated to, the Company’s core operating results, providing a better baseline for analyzing trends in the underlying business. See the tables at the end of this press release for a reconciliation of adjusted gross profit, adjusted income from operations, pro forma adjusted net income, and pro forma adjusted diluted earnings per share to net income to their nearest GAAP financial measure.

Forward Looking Statements

This press release contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical fact included in this press release are forward-looking statements. You can identify forward-looking statements by the fact that they generally include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events but not all forward-looking statements contain these identifying words. These forward-looking statements are based on assumptions that the Company’s management has made in light of their industry experience and on their perceptions of historical trends, current conditions, expected future developments and other factors they believe are appropriate under the circumstances. As you consider this press release, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (some of which are beyond the Company’s control) and assumptions. These risks, uncertainties and assumptions include, but are not limited to, the following: declines in consumer spending or changes in consumer preferences and the

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Company’s ability; to effectively execute on its growth strategy; to maintain and enhance its strong brand image; to compete effectively; to maintain good relationships with its key suppliers; and to improve and expand its exclusive product offerings. The Company discusses the foregoing risks and other risks in greater detail under the heading “Risk factors” in the registration statement filed by the Company with the SEC in connection with the Company’s IPO. Although the Company believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect the Company’s actual financial results and cause them to differ materially from those anticipated in the forward-looking statements.  Because of these factors, the Company cautions that you should not place undue reliance on any of these forward-looking statements. New risks and uncertainties arise from time to time, and it is impossible for the Company to predict those events or how they may affect the Company. Further, any forward-looking statement speaks only as of the date on which it is made. Except as required by law, the Company does not intend to update or revise the forward-looking statements in this press release after the date of this press release.

Investor Contact:
ICR, Inc.
Anne Rakunas / Brendon Frey, 310-954-1113
BootBarnIR@icrinc.com

or

Media Contact:
Boot Barn Media Relations
Jayme Maxwell, 949-453-4400 ext. 428
BootBarnIRMedia@bootbarn.com

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Boot Barn Holdings, Inc.

Consolidated Balance Sheets

(In thousands, except per share data)

(Unaudited)

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Boot Barn Holdings, Inc.

Consolidated Statements of Operations

(In thousands, except per share data)

(Unaudited)

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Boot Barn Holdings, Inc.

Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

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Boot Barn Holdings, Inc.

Supplemental Information - Consolidated Statements of Operations
Reconciliation of GAAP to Non-GAAP Financial Measures
(In thousands, except per share amounts)
(Unaudited)

The tables below reconcile the non-GAAP financial measures of adjusted gross profit, adjusted income from operations, pro forma adjusted net income, and pro forma adjusted diluted earnings per share, with the most directly comparable GAAP financial measures of actual gross profit, actual income from operations, actual net income (loss), and diluted earnings per share.

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(a) Represents the amortization of purchase-accounting adjustments that increased the value of inventory acquired to its fair value.

(b) Represents certain store integration, remerchandising and corporate consolidation costs incurred in connection with the integration of Baskins, which we acquired in May 2013.

(c) Acquisition costs include direct costs and fees related to the acquisition of Baskins in May 2013.

(d) Loss on disposal of assets in the prior year period includes assets written off as part of the rebranding of RCC stores.

(e) Represents professional fees and expenses incurred in connection with other acquisition activity.

(f) The net decrease in interest expense resulting from a reduction in our LIBOR floor and our pay down of principal balance on our term loan agreement with Golub Capital from the IPO proceeds, as if it had occurred on March 31, 2013.

(g)  In April 2014, holders of vested stock options received a cash payment of $1.4 million, which the Company deducted from net income for purposes of the earnings per share calculation to determine the net income available to common shareholders.  The Company has added this payment to net income in order to calculate diluted earnings per share.

(h) These shares represent shares issued at the time of the IPO and are shown as if they had been issued on March 31, 2013.

Boot Barn Holdings, Inc.

Store Count

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