BOOT BARN HOLDINGS, INC., 10-K filed on 5/14/2026
Annual Report
v3.26.1
Document and Entity Information - USD ($)
$ in Millions
 12 Months Ended
Mar. 28, 2026
May 08, 2026
Sep. 27, 2025
Document and Entity Information      
Document Type 10-K    
Document Annual Report true    
Document Transition Report false    
Document Period End Date Mar. 28, 2026    
Entity File Number 001-36711    
Entity Registrant Name BOOT BARN HOLDINGS, INC.    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 90-0776290    
Entity Address, Address Line One 17100 Laguna Canyon Road    
Entity Address, City or Town Irvine    
Entity Address, State or Province CA    
Entity Address, Postal Zip Code 92618    
City Area Code 949    
Local Phone Number 453-4400    
Title of 12(b) Security Common Stock, $0.0001 par value    
Trading Symbol BOOT    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Common Stock, Shares Outstanding   30,347,473  
Entity Public Float     $ 3,935
Auditor Name DELOITTE & TOUCHE LLP    
Auditor Location Costa Mesa, California    
Auditor Firm ID 34    
Current Fiscal Year End Date --03-28    
Document Fiscal Year Focus 2026    
Document Fiscal Period Focus FY    
Entity Central Index Key 0001610250    
Amendment Flag false    
Documents Incorporated by Reference

Portions of the Registrant’s Proxy Statement for the 2025 Annual Meeting of Stockholders, to be filed pursuant to Regulation 14A within 120 days after the end of the 2025 fiscal year, are incorporated by reference into Part III of this Form 10-K.

    
v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 28, 2026
Mar. 29, 2025
Current assets:    
Cash and cash equivalents $ 141,036 $ 69,770
Accounts receivable, net 15,264 10,263
Inventories 844,637 747,191
Prepaid expenses and other current assets 33,462 36,736
Total current assets 1,034,399 863,960
Property and equipment, net 514,108 422,079
Right-of-use assets, net 638,425 469,461
Goodwill 197,502 197,502
Intangible assets, net 58,981 58,677
Other assets 6,660 6,342
Total assets 2,450,075 2,018,021
Current liabilities:    
Accounts payable 142,126 134,450
Accrued expenses and other current liabilities 159,103 146,038
Short-term lease liabilities 89,743 72,861
Total current liabilities 390,972 353,349
Deferred taxes 51,711 39,317
Long-term lease liabilities 683,737 490,182
Other liabilities 4,999 4,116
Total liabilities 1,131,419 886,964
Commitments and contingencies (Note 11)
Stockholders' equity:    
Common stock, $0.0001 par value; March 28, 2026 - 100,000 shares authorized, 30,998 shares issued; March 29, 2025 - 100,000 shares authorized, 30,892 shares issued 3 3
Preferred stock, $0.0001 par value; 10,000 shares authorized, no shares issued or outstanding
Additional paid-in capital 263,253 246,725
Retained earnings 1,129,848 903,968
Less: Common stock held in treasury, at cost, 614 and 298 shares at March 28, 2026 and March 29, 2025, respectively (74,448) (19,639)
Total stockholders' equity 1,318,656 1,131,057
Total liabilities and stockholders' equity $ 2,450,075 $ 2,018,021
v3.26.1
Consolidated Balance Sheets (Parenthetical) - $ / shares
Mar. 28, 2026
Mar. 29, 2025
Consolidated Balance Sheets    
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Common stock, shares authorized (in shares) 100,000,000 100,000,000
Common stock, shares issued (in shares) 30,998,000 30,892,000
Preferred stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common stock, shares held in treasury (in shares) 614,000 298,000
v3.26.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Consolidated Statements of Operations      
Net sales $ 2,253,859 $ 1,911,104 $ 1,667,009
Type of Revenue us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Cost of goods sold $ 1,395,504 $ 1,194,066 $ 1,052,585
Type of Cost of Service us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Gross profit $ 858,355 $ 717,038 $ 614,424
Selling, general and administrative expenses 559,210 477,686 416,210
Income from operations 299,145 239,352 198,214
Interest expense 1,527 1,497 2,238
Other income, net 2,971 2,262 1,396
Income before income taxes 300,589 240,117 197,372
Income tax expense 74,709 59,175 50,376
Net income $ 225,880 $ 180,942 $ 146,996
Earnings per share:      
Basic (in dollars per share) $ 7.4 $ 5.93 $ 4.87
Diluted (in dollars per share) $ 7.35 $ 5.88 $ 4.8
Weighted average shares outstanding:      
Basic (in shares) 30,505 30,524 30,167
Diluted (in shares) 30,735 30,773 30,611
v3.26.1
Consolidated Statements of Stockholders' Equity - USD ($)
shares in Thousands, $ in Thousands
Common Stock
Additional Paid-In Capital
Retained Earnings
Treasury Shares
Total
Balance at Apr. 01, 2023 $ 3 $ 209,964 $ 576,030 $ (9,547) $ 776,450
Balance (in shares) at Apr. 01, 2023 30,072        
Balance - Treasury Shares (in shares) at Apr. 01, 2023       (192)  
Increase (Decrease) in Stockholders' Equity          
Net income     146,996   146,996
Issuance of common stock related to stock-based compensation   9,737     9,737
Issuance of common stock related to stock-based compensation (in shares) 500        
Tax withholding for net share settlement       $ (2,475) (2,475)
Tax withholding for net share settlement (in shares)       (36)  
Stock-based compensation expense   12,935     12,935
Balance at Mar. 30, 2024 $ 3 232,636 723,026 $ (12,022) 943,643
Balance (in shares) at Mar. 30, 2024 30,572        
Balance - Treasury Shares (in shares) at Mar. 30, 2024       (228)  
Increase (Decrease) in Stockholders' Equity          
Net income     180,942   180,942
Issuance of common stock related to stock-based compensation   3,111     3,111
Issuance of common stock related to stock-based compensation (in shares) 320        
Tax withholding for net share settlement       $ (7,617) (7,617)
Tax withholding for net share settlement (in shares)       (70)  
Stock-based compensation expense   10,978     10,978
Balance at Mar. 29, 2025 $ 3 246,725 903,968 $ (19,639) $ 1,131,057
Balance (in shares) at Mar. 29, 2025 30,892       30,892
Balance - Treasury Shares (in shares) at Mar. 29, 2025       (298) (298)
Increase (Decrease) in Stockholders' Equity          
Net income     225,880   $ 225,880
Issuance of common stock related to stock-based compensation   425     425
Issuance of common stock related to stock-based compensation (in shares) 106        
Repurchase of common stock       $ (50,506) (50,506)
Repurchase of common stock (in shares)       (287)  
Tax withholding for net share settlement       $ (4,303) (4,303)
Tax withholding for net share settlement (in shares)       (29)  
Stock-based compensation expense   16,103     16,103
Balance at Mar. 28, 2026 $ 3 $ 263,253 $ 1,129,848 $ (74,448) $ 1,318,656
Balance (in shares) at Mar. 28, 2026 30,998       30,998
Balance - Treasury Shares (in shares) at Mar. 28, 2026       (614) (614)
v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Cash flows from operating activities      
Net income $ 225,880 $ 180,942 $ 146,996
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 78,654 62,462 49,531
Stock-based compensation 16,103 10,978 12,935
Amortization of intangible assets   20 54
Impairment of intangible assets     2,000
Noncash lease expense 80,781 66,994 55,148
Amortization and write-off of debt issuance fees 108 108 108
Loss on disposal of assets 492 299 660
Deferred taxes 12,394 (2,716) 8,773
Changes in operating assets and liabilities:      
Accounts receivable, net (4,866) (240) 3,282
Inventories (97,446) (148,071) (9,626)
Prepaid expenses and other current assets 3,166 7,664 3,515
Other assets (318) (766) 613
Accounts payable 8,159 210 425
Accrued expenses and other current liabilities 19,408 17,989 (6,208)
Other liabilities 883 311 1,057
Operating leases (38,495) (48,644) (33,183)
Net cash provided by operating activities 304,903 147,540 236,080
Cash flows from investing activities      
Purchases of property and equipment (178,561) (148,293) (118,782)
Purchases of intangible assets (304)    
Proceeds from sale of property and equipment 60 55  
Net cash used in investing activities (178,805) (148,238) (118,782)
Cash flows from financing activities      
Payments on line of credit - net     (66,043)
Repayments on debt and finance lease obligations (948) (873) (863)
Repurchases of common stock (50,006)    
Tax withholding payments for net share settlement (4,303) (7,617) (2,475)
Proceeds from the exercise of stock options 425 3,111 9,737
Net cash used in financing activities (54,832) (5,379) (59,644)
Net increase/(decrease) in cash and cash equivalents 71,266 (6,077) 57,654
Cash and cash equivalents, beginning of period 69,770 75,847 18,193
Cash and cash equivalents, end of period 141,036 69,770 75,847
Supplemental disclosures of cash flow information:      
Cash paid for income taxes, net of refunds 62,034 59,929 57,157
Cash paid for interest 1,400 1,381 2,385
Supplemental disclosure of non-cash activities:      
Unpaid purchases of property and equipment $ 20,551 $ 29,584 $ 17,269
v3.26.1
Business Operations
 12 Months Ended
Mar. 28, 2026
Business Operations  
Business Operations

1. Business Operations

Boot Barn Holdings, Inc. (the “Company”), the parent holding company of the group of operating subsidiaries that conduct the Boot Barn business, was formed on November 17, 2011, and is incorporated in the State of Delaware. The equity of the Company consists of 100,000,000 authorized shares and 30,384,141 and 30,594,094 outstanding shares of common stock as of March 28, 2026 and March 29, 2025, respectively. The shares of common stock have voting rights of one vote per share.

The Company operates specialty retail stores that sell western and work boots and related apparel and accessories. The Company operates retail locations throughout the U.S. and sells its merchandise via the Internet. The Company operated a total of 539 stores in 49 states as of March 28, 2026, 459 stores in 49 states as of March 29, 2025 and 400 stores in 45 states as of March 30, 2024. As of the fiscal year ended March 28, 2026, all stores operated under the Boot Barn name.

Basis of Presentation

The Company’s consolidated financial statements, prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), include the accounts of the Company and each of its subsidiaries, including Boot Barn Holdings, Inc., Boot Barn, Inc., RCC Western Stores, Inc. (“RCC”), Baskins Acquisition Holdings, LLC (“Baskins”), Sheplers, LLC and Sheplers Holding, LLC (collectively with Sheplers, LLC, “Sheplers”). All intercompany accounts and transactions among the Company and its subsidiaries have been eliminated in consolidation. The vast majority of the Company’s identifiable assets are in the United States.

Fiscal Year

The Company reports its results of operations and cash flows on a 52- or 53-week basis, and its fiscal year ends on the last Saturday of March unless April 1st is a Saturday, in which case the fiscal year ends on April 1st. The fiscal years ended March 28, 2026 (“fiscal 2026”), March 29, 2025 (“fiscal 2025”), and March 30, 2024 (“fiscal 2024”) each consisted of 52 weeks.
v3.26.1
Summary of Significant Accounting Policies
 12 Months Ended
Mar. 28, 2026
Summary of Significant Accounting Policies  
Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

Comprehensive Income

The Company does not have any components of other comprehensive income recorded within its consolidated financial statements and, therefore, does not separately present a statement of comprehensive income in its consolidated financial statements.

Segment Reporting

GAAP has established guidance for reporting information about a company’s operating segments, including disclosures related to a company’s products and services, geographic areas and major customers. The Company monitors and reviews its segment reporting structure in accordance with authoritative guidance to determine whether any changes have occurred that would impact its reportable segments. The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer. The CODM regularly reviews operations and financial performance at a consolidated level, based on a single operating segment. The Company operates as one operating and one reportable segment. Further, the Company’s operations represent one reporting unit for the purpose of its goodwill impairment analysis.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Among the significant estimates affecting the Company’s consolidated financial statements are those relating to revenue recognition, lease accounting, inventories, goodwill, intangible and long-lived assets, stock-based compensation and income taxes. Management regularly evaluates its estimates and assumptions based upon historical experience and various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. To the extent actual results differ from those estimates, the Company’s future results of operations may be affected.

Cash and Cash Equivalents

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash equivalents also include receivables from credit card sales. The carrying amounts of cash and cash equivalents represent their fair values.

Accounts Receivable

The Company’s accounts receivable consist of amounts due from commercial customers for merchandise sold, as well as receivables from suppliers under co-operative arrangements. The Company’s allowance for credit losses was $0.7 million and $0.6 million as of March 28, 2026 and March 29, 2025, respectively.

Inventories

Inventories consist primarily of purchased merchandise and are valued at the lower of cost or net realizable value. Cost is determined using the weighted-average cost method and includes the cost of merchandise and import related costs, including freight, duty and agent commissions. The Company assesses the recoverability of inventory through a periodic review of historical usage and present demand. When the inventory on hand exceeds the foreseeable demand, the value of inventory that, at the time of the review, is not expected to be sold is written down to its estimated net realizable value.

Debt Issuance Costs and Debt Discounts

Debt issuance costs are capitalized and amortized to interest expense over the terms of the applicable loan agreements using the effective interest method. Those costs related to the issuance of debt are presented as a reduction to the principal amount of the debt. Debt issuance costs incurred with the issuance of revolving credit lines are included in prepaid expenses and other current assets.

Debt discounts arise when transaction fees are paid to the lending institution. Debt discounts are recorded as a reduction to the principal amount of the debt. Amortization of debt discounts is recorded as an increase to the net principal amount of the debt and as a charge to interest expense over the term of the applicable loan agreement using the effective interest method.

Property and Equipment, net

Property and equipment consists of machinery and equipment, furniture and fixtures, software, vehicles, and leasehold improvements. Property and equipment is subject to depreciation and is recorded at cost less accumulated depreciation. Expenditures for major remodels and improvements are capitalized while minor replacements, maintenance, and repairs that do not improve or extend the life of such assets are charged to expense. Gains or losses on disposal of fixed assets, when applicable, are reflected in operations. Depreciation is computed using the straight-line

method over the estimated useful lives, ranging from one to ten years. The Company’s property and equipment are depreciated using the following estimated useful lives:

​

​

​

​

​

​

Useful Life

Machinery and equipment

​

3-5 years

Furniture and fixtures

​

3-7 years

Software

​

3-5 years

Vehicles

​

3-5 years

Leasehold improvements

​

1-10 years

​

Goodwill and Indefinite-Lived Intangible Assets

Goodwill is recorded as the difference between the aggregate consideration paid for an acquisition and the fair value of the acquired net tangible and intangible assets. Goodwill is tested for impairment at least annually as of the first day of the fourth fiscal quarter or more frequently if indicators of impairment exist, in accordance with the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 350, Goodwill and Other. This guidance provides the option to first assess qualitative factors such as macroeconomic conditions, industry and market considerations, cost factors, overall financial performance and other relevant entity-specific events to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value.

GAAP has established guidance for reporting information about a company’s operating segments, including disclosures related to a company’s products and services, geographic areas and major customers. The Company monitors and reviews its segment reporting structure in accordance with authoritative guidance to determine whether any changes have occurred that would impact its reportable segments, as well as the Company’s reporting units. The Company’s operations represent one reporting unit for the purpose of its goodwill impairment analysis.

If, based on a review of qualitative factors it is more likely than not that the fair value of a reporting unit is less than its carrying value, we proceed to compare the fair value of the reporting unit with its carrying amount. We evaluate the fair value of the reporting unit by using market-based analysis to review market capitalization and by reviewing a discounted cash flow analysis using management’s assumptions. We determine the fair value of our reporting unit using the income approach and market approach to valuation, as well as other generally accepted valuation methodologies. If the carrying amount of the reporting unit exceeds the reporting unit’s fair value, we recognize an impairment loss equal to the difference between the carrying amount and the estimated fair value of the reporting unit. The Company concluded that there was no impairment of goodwill during fiscal 2026, fiscal 2025, or fiscal 2024.

Intangible assets with indefinite lives, which include the Boot Barn, Sheplers and Country Outfitter trademarks, and the codyjames.com domain, are not amortized but instead are measured for impairment at least annually, or when events indicate that impairment may exist. The Company calculates impairment as the excess of the carrying value of indefinite-lived intangible assets over their estimated fair value. If the carrying value exceeds the estimate of fair value, an impairment charge is recorded. The Company concluded there was no impairment of intangible assets with indefinite lives during fiscal 2026 or fiscal 2025. During fiscal 2024, the Company recognized an impairment related to the Sheplers indefinite lived trademark of $2.0 million.

Definite-Lived Intangible Assets

Definite-lived intangible assets historically consisted of customer lists, which were amortized over a five-year useful life based on their estimated attrition rates. As of March 28, 2026, these assets were fully amortized.

Long-Lived Assets

Long-lived assets consist of property and equipment and definite-lived intangible assets. The Company assesses potential impairment of its long-lived assets whenever events or changes in circumstances indicate that an asset or asset group’s carrying value may not be recoverable. Factors that are considered important that could trigger an impairment review include a current period operating loss or negative cash flow combined with a history of operating losses or

negative cash flow and a projection or forecast that demonstrates continuing losses or insufficient income associated with the use of a long-lived asset or asset group. Other factors include a significant change in the manner of the use of the asset or a significant negative industry or economic trend. This evaluation is performed based on estimated undiscounted future cash flows from operating activities compared with the carrying value of the related assets. If the undiscounted future cash flows are less than the carrying value, an impairment loss is recognized, measured by the difference between the carrying value, and the estimated fair value of the assets, with such estimated fair values determined using the best information available and in accordance with FASB ASC Topic 820, Fair Value Measurements (“ASC 820”). During fiscal 2026, fiscal 2025 and fiscal 2024, the Company did not record asset impairment charges related to its stores.

Stock-Based Compensation

Stock-based compensation is accounted for under FASB ASC Topic 718, Compensation—Stock Compensation (“ASC 718”). The Company accounts for all stock-based compensation transactions using a fair-value method and recognizes the fair value of each award as an expense over the service period. The Company estimates the fair value of stock options granted with service conditions using the Black-Scholes option pricing model. The use of the Black-Scholes model requires a number of estimates, including the expected option term, the expected volatility in the price of the Company’s common stock, the risk-free rate of interest and the dividend yield on the Company’s common stock. The fair value of stock options granted with both service and market vesting conditions is estimated using a Monte Carlo simulation model. The fair value of the Company’s restricted stock units and performance share units is the closing price of the Company’s common stock on the grant date. The consolidated financial statements include amounts that are based on the Company’s best estimates and judgments. The Company classifies compensation expense related to these awards in the consolidated statements of operations based on the department to which the recipient reports.

Revenue Recognition

Revenue is recorded for store sales upon the purchase of merchandise by customers. Transfer of control takes place at the point at which the customer receives and pays for the merchandise at the register. E-commerce sales are recorded when control transfers to the customer, which generally occurs upon delivery of the product. Shipping and handling revenues are included in total net sales. Shipping costs incurred by the Company are included as cost of goods sold. Sales taxes that are collected in connection with revenue transactions are withheld and remitted to the respective taxing authorities. As such, these taxes are excluded from revenue.

Revenue is recorded net of estimated and actual sales returns and deductions for coupon redemptions, estimated future award redemption and other promotions. The sales returns reserve reflects an estimate of sales returns based on projected merchandise returns determined through the use of historical average return percentages. The total reserve for returns was $9.7 million and $8.8 million as of March 28, 2026 and March 29, 2025, respectively, and is recorded in accrued expenses and other current liabilities in the accompanying consolidated balance sheets. The Company accounts for the return asset and liability separately on a gross basis.

The Company maintains a customer loyalty program under which members accumulate points based on purchase activity. For members to maintain their active point balance, they must make a qualifying purchase of merchandise at least once in a 365-day period. Once a loyalty program member achieves a certain point level, the member earns awards that may be redeemed for credits on merchandise purchases. To redeem awards, the member must make a qualifying purchase of merchandise within 60 days of the date the award was granted. Unredeemed awards and accumulated partial points are accrued as unearned revenue until redemption or expiration and, upon redemption and expiration, recorded as an adjustment to net sales using the relative standalone selling price method. The unearned revenue for this program is recorded in accrued expenses and other current liabilities on the consolidated balance sheets

and was $7.9 million, $6.2 million, and $5.0 million as of March 28, 2026, March 29, 2025, and March 30, 2024, respectively.

The following table provides a reconciliation of the activity related to the Company’s customer loyalty program:

​

​

​

​

​

​

​

​

​

​

​

​

Customer Loyalty Program

  ​ ​ ​

Fiscal Year Ended

​

​

​

March 28,

​

March 29,

​

March 30,

​

(In thousands)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

 

Beginning balance

​

$

6,168

​

$

5,050

​

$

4,145

​

Current year provisions

​

 

26,877

​

 

20,149

​

 

17,694

​

Current year award redemptions

​

 

(25,097)

​

 

(19,031)

​

 

(16,789)

​

Ending balance

​

$

7,948

​

$

6,168

​

$

5,050

​

​

Proceeds from the sale of gift cards are deferred until the customers use the cards to acquire merchandise. Gift cards, gift certificates and store credits do not have expiration dates, and unredeemed gift cards, gift certificates and store credits are subject to state escheatment laws. Amounts remaining after escheatment are recognized in net sales in the period escheatment occurs and the liability is considered to be extinguished. Income from the redemption of gift cards and gift card breakage is included in net sales. The following table provides a reconciliation of the activity related to the Company’s gift card program:

​

​

​

​

​

​

​

​

​

​

​

Gift Card Program

  ​ ​ ​

Fiscal Year Ended

​

​

March 28,

​

March 29,

​

March 30,

(In thousands)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

Beginning balance

​

$

28,285

​

$

23,649

​

$

19,855

Current year issuances

​

 

58,675

​

 

50,180

​

 

44,193

Current year redemptions

​

 

(51,347)

​

 

(44,581)

​

 

(39,533)

Current year breakage and escheatment

​

​

(1,035)

​

​

(963)

​

​

(866)

Ending balance

​

$

34,578

​

$

28,285

​

$

23,649

​

Cost of Goods Sold

Cost of goods sold includes the cost of merchandise, obsolescence and shrink provisions, store and distribution center occupancy costs (including rent, depreciation and utilities), inbound and outbound freight, supplier allowances, occupancy-related taxes, inventory acquisition-related costs, and compensation costs for merchandise purchasing, exclusive brand design and development, sourcing, and distribution center personnel.

Store Opening Costs

Store opening costs consist of costs incurred prior to opening a new store and primarily consist of manager and other employee payroll, travel and training costs, marketing expenses, initial opening supplies and costs of transporting initial inventory and certain fixtures to store locations, as well as occupancy costs incurred from the time that we take possession of a store site to the opening of that store. Occupancy costs are included in cost of goods sold and the other store opening costs are included in selling, general and administrative (“SG&A”) expenses. All of these costs are expensed as incurred.

Advertising Costs

Certain advertising costs, including pay-per-click, direct mail, television and radio promotions, event sponsorship, in-store photographs and other promotional advertising are expensed when the marketing campaign commences. The Company had prepaid advertising costs of $4.9 million and $2.2 million as of March 28, 2026 and March 29, 2025, respectively. All other advertising costs are expensed as incurred. The Company recognized $62.8

million, $50.5 million, and $44.0 million in advertising costs during fiscal 2026, fiscal 2025, and fiscal 2024, respectively.

Leases

The Company accounts for leases in accordance with FASB ASC Topic 842, Leases. Operating and finance lease liabilities are recognized at the lease commencement date based on the present value of the fixed lease payments using the Company's incremental borrowing rates for its population of leases. Related operating and finance lease right-of-use (“ROU”) assets are recognized based on the initial present value of the fixed lease payments, reduced by cash payments received from landlords as lease incentives, plus any prepaid rent and other direct costs from executing the leases. Amortization of both operating and finance lease right-of-use assets is performed on a straight-line basis and recorded as part of rent expense in cost of goods sold and selling, general and administrative expenses on the consolidated statements of operations. The majority of total lease costs is recorded as part of cost of goods sold, with the balance recorded in selling, general and administrative expenses on the consolidated statements of operations. The interest expense amortization component of the finance lease liabilities is recorded within interest expense on the consolidated statements of operations.

Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Variable lease payments are recognized as lease expense as they are incurred.

Income Taxes

The Company accounts for income taxes in accordance with FASB ASC Topic 740, Income Taxes (“ASC 740”), which requires the asset and liability approach for financial accounting and reporting of income taxes. Deferred tax assets and liabilities are attributable to differences between financial statement and income tax reporting. Deferred tax assets, net of any valuation allowances, represent the future tax return consequences of those differences and for operating loss and tax credit carryforwards, which will be deductible when the assets are recovered. Deferred tax assets are reduced by a valuation allowance if it is deemed more likely than not that some or all of the deferred tax assets will not be realized. In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. The Company considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment.

The Company accounts for uncertain tax positions in accordance with ASC 740, which clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements. It prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Such changes in recognition or measurement might result in the recognition of a tax benefit or an additional charge to the tax provision in the period.

The Company recognizes interest and penalties related to unrecognized tax benefits within the income tax expense line in the consolidated statements of operations. Accrued interest and penalties, if incurred, are included within accrued expenses and other current liabilities in the consolidated balance sheets. There were no accrued interest or penalties for fiscal 2026 or fiscal 2025.

Per Share Information

Basic earnings per share is computed by dividing net income by the weighted average number of outstanding shares of common stock. In computing diluted earnings per share, the weighted average number of common shares outstanding is adjusted to reflect the effect of potentially dilutive securities such as stock options and restricted stock. In accordance with ASC 718, the Company utilizes the treasury stock method to compute the dilutive effect of stock options, restricted stock units and performance share units.

Fair Value of Certain Financial Assets and Liabilities

The Company follows ASC 820 which requires disclosure of the estimated fair value of certain assets and liabilities defined by the guidance as financial instruments. The Company’s financial instruments consist principally of cash and cash equivalents, accounts receivable, accounts payable and debt. ASC 820 defines the fair value of financial instruments as the price that would be received from the sale of an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 establishes a three-level hierarchy for disclosure that is based on the extent and level of judgment used to estimate the fair value of assets and liabilities.

●Level 1 uses unadjusted quoted prices that are available in active markets for identical assets or liabilities.
●Level 2 uses inputs other than quoted prices included in Level 1 that are either directly or indirectly observable through correlation with market data. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and inputs to valuation models or other pricing methodologies that do not require significant judgment because the inputs used in the model, such as interest rates, incremental borrowing rates and volatility, can be corroborated by readily observable market data.
●Level 3 uses one or more significant inputs that are unobservable and supported by little or no market activity, and reflect the use of significant management judgment. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques and significant management judgment or estimation. The Company’s Level 3 assets include certain acquired businesses and the evaluation of store impairment.

Cash and cash equivalents, accounts receivable and accounts payable are classified according to the lowest level input that is significant to the fair value measurement. As a result, the asset or liability could be classified as Level 2 or Level 3 even though there may be certain significant inputs that are readily observable. The Company believes that the recorded values of its financial instruments approximate their current fair values because of their nature and respective relatively short maturity dates or duration.

Although a market quote for the fair value of its outstanding debt arrangement discussed in Note 8 “Revolving credit facilities and long-term debt” is not readily available, the Company believes its carrying value approximates fair value due to the variable interest rates, which are Level 2 inputs. There were no material financial assets or liabilities requiring fair value measurements as of March 28, 2026 on a recurring basis.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to credit risk consist principally of cash and cash equivalents. At times, such amounts held at banks may be in excess of Federal Deposit Insurance Corporation insurance limits, and the Company mitigates such risk by utilizing multiple banks.

Supplier Concentration Risk

The Company purchases merchandise inventories from several hundred suppliers worldwide. Sales of products from the Company’s three largest suppliers totaled approximately 25% of net sales in fiscal 2026 and fiscal 2025 and 24% of net sales in fiscal 2024.

Recent Accounting Pronouncements

In November 2024, the FASB issued Accounting Standards Update (“ASU”) No. 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures. This ASU requires additional disclosure of certain costs and expenses within the notes to the financial statements. The amendments in this ASU are required to be adopted for fiscal years beginning after December 15, 2026, with early adoption permitted. The amendments should be

applied either prospectively or retrospectively. The Company is currently evaluating the impact of adoption on its financial disclosures.

Recently Adopted Accounting Pronouncements

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU requires disaggregated information about an entity’s effective tax rate reconciliation, as well as information on income taxes paid. This ASU is applicable to the Company’s Annual Report on Form 10-K for fiscal 2026, and subsequent interim periods, with early application permitted. The Company adopted this ASU for its annual period ended March 28, 2026.
v3.26.1
Segment Reporting
 12 Months Ended
Mar. 28, 2026
Segment Reporting  
Segment Reporting

3. Segment Reporting

The Company is an omni-channel lifestyle retail chain devoted to western and work-related footwear, apparel and accessories in the United States, and derives revenue from customers purchasing product from the Company’s stores and e-commerce websites. The Company’s CODM is its Chief Executive Officer. The CODM regularly reviews operations and financial performance at a consolidated level. The Company operates as one operating and one reportable segment.

The CODM uses net income, as reported on the Consolidated Statement of Operations, to manage business activities on a consolidated basis and to evaluate and assess the performance of the Company when determining how to allocate capital resources. Segment performance is monitored and resource allocation is determined during the annual budget process. The CODM does not review segment assets at a different asset level or category than what is presented on the Consolidated Balance Sheet.

The following table presents information about our segment revenue, segment profit or loss, and significant expenses (in thousands):

​

​

​

​

​

​

​

​

​

​

Fiscal Year Ended

​

March 28,

​

March 29,

​

March 30,

(In thousands)

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

Net Sales

$

2,253,859

​

$

1,911,104

​

$

1,667,009

Less:

​

​

​

​

​

​

​

​

Merchandise cost of goods sold1

​

1,106,636

​

​

954,476

​

​

854,128

Buying, occupancy, and distribution center expenses2

​

288,868

​

​

239,590

​

​

198,457

Gross profit

​

858,355

​

​

717,038

​

​

614,424

Selling expenses3

​

418,962

​

​

349,649

​

​

303,555

Other general and administrative expenses4

​

140,248

​

​

128,037

​

​

112,655

Income from operations

​

299,145

​

​

239,352

​

​

198,214

Other segment expenses5

​

73,265

​

​

58,410

​

​

51,218

Net income

$

225,880

​

$

180,942

​

$

146,996

1 Merchandise cost of goods sold includes the cost of merchandise, inbound and outbound freight, obsolescence and shrinkage provisions, supplier allowances, and inventory acquisition-related costs.

2 Buying, occupancy, and distribution center expenses include store and distribution center occupancy costs (including rent, depreciation and utilities), occupancy-related taxes, and compensation costs for merchandise purchasing, exclusive brand design and development, sourcing and distribution center personnel. For consolidated depreciation expense see Note 5: Property and Equipment, Net.

3 Selling expenses include all store-level salaries and hourly labor costs, store overhead, and other operating costs, including advertising, pay-per-click, marketing campaigns, operating supplies, repairs and maintenance, credit card fees and costs of third-party services.

4 Includes corporate compensation and benefits, travel expenses, corporate occupancy costs, stock compensation costs, legal and professional fees, insurance, and other related corporate costs.

5 Includes interest expense, other income, and income tax expense.

Disaggregated Revenue

The Company disaggregates net sales into the following major merchandise categories:

​

​

​

​

​

​

​

​

​

  ​ ​ ​

​

Fiscal Year Ended

% of Net Sales

  ​ ​ ​

​

March 28, 2026

​

March 29, 2025

​

March 30, 2024

Footwear

  ​ ​ ​

​

46%

​

47%

​

47%

Apparel

​

​

37%

​

37%

​

36%

Hats, accessories and other

​

​

17%

​

16%

​

17%

Total

​

​

100%

​

100%

​

100%

The Company also disaggregates net sales between stores and e-commerce:

​

​

​

​

​

​

​

​

​

  ​ ​ ​

​

Fiscal Year Ended

% of Net Sales

  ​ ​ ​

​

March 28, 2026

​

March 29, 2025

​

March 30, 2024

Stores

  ​ ​ ​

​

90%

​

90%

​

89%

E-commerce

​

​

10%

​

10%

​

11%

Total

​

​

100%

​

100%

​

100%

​

Geographic Information

Approximately 0.3% of the Company’s consolidated net sales for fiscal 2026 was generated from customers outside of the United States. Substantially all of the Company’s long-lived assets are held in the United States.
v3.26.1
Prepaid Expenses and Other Current Assets
 12 Months Ended
Mar. 28, 2026
Prepaid Expenses and Other Current Assets  
Prepaid Expenses and Other Current Assets

4. Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 28,

  ​ ​ ​

March 29,

 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

 

Prepaid advertising

​

$

4,935

​

$

2,223

​

Prepaid insurance

​

 

2,942

​

 

2,616

​

Income tax receivable

​

 

8,158

​

 

8,401

​

Returns allowance

​

​

4,283

​

​

3,948

​

Prepaid merchandise

​

​

6,009

​

​

12,000

​

Other

​

 

7,135

​

 

7,548

​

Total prepaid expenses and other current assets

​

$

33,462

​

$

36,736

​

​
v3.26.1
Property and Equipment, Net
 12 Months Ended
Mar. 28, 2026
Property and Equipment, Net  
Property and Equipment, Net

5. Property and Equipment, Net

Property and equipment, net, consisted of the following (in thousands):

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 28,

  ​ ​ ​

March 29,

 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

 

Leasehold improvements

​

$

377,211

​

$

279,683

​

Machinery and equipment

​

 

109,932

​

 

86,812

​

Furniture and fixtures

​

 

288,243

​

 

232,842

​

Construction in progress

​

 

53,046

​

 

65,280

​

Vehicles

​

 

4,942

​

 

3,936

​

​

​

 

833,374

​

 

668,553

​

Less: Accumulated depreciation

​

 

(319,266)

​

 

(246,474)

​

Property and equipment, net

​

$

514,108

​

$

422,079

​

​

Depreciation expense was $78.7 million, $62.5 million, and $49.5 million for fiscal 2026, fiscal 2025, and fiscal 2024, respectively.

v3.26.1
Goodwill and Intangible Assets, Net
 12 Months Ended
Mar. 28, 2026
Goodwill and Intangible Assets, Net  
Goodwill and Intangible Assets, Net

6. Goodwill and Intangible Assets, Net

The Company’s goodwill balance totaled $197.5 million as of March 28, 2026. There were no changes to the carrying amount of goodwill for fiscal 2026, fiscal 2025, and fiscal 2024.

As of March 28, 2026 and March 29, 2025, the Company had net indefinite lived intangible assets of $59.0 million and $58.7 million, respectively.

As of March 29, 2025, all definite lived intangible assets had been fully amortized and during fiscal 2026, the Company did not record amortization expense for intangible assets. Amortization expense for intangible assets totaled less than $0.1 million for fiscal 2025 and $0.1 million for fiscal 2024, and is included in selling, general and administrative expenses.

The Company did not record an impairment to indefinite lived trademarks in fiscal 2026 or fiscal 2025. The Company recognized an impairment of $2.0 million related to the Sheplers indefinite lived trademark in fiscal 2024, which is included in selling, general and administrative expenses in the consolidated statements of operations. The remaining value of the Sheplers trademark was $7.2 million as of March 28, 2026.
v3.26.1
Accrued Expenses and Other Current Liabilities
 12 Months Ended
Mar. 28, 2026
Accrued Expenses and Other Current Liabilities  
Accrued Expenses and Other Current Liabilities

7. Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 28,

  ​ ​ ​

March 29,

 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

 

Accrued compensation

​

$

35,565

​

$

33,188

​

Deferred revenue

​

 

37,314

​

 

30,718

​

Sales tax liability

​

 

18,381

​

 

16,044

​

Accrued occupancy expense

​

​

5,962

​

​

4,695

​

Accrued interest

​

 

167

​

 

158

​

Sales reward redemption liability

​

 

7,948

​

 

6,168

​

Accrued expenses

​

​

22,208

​

​

18,613

​

Accrued property and equipment

​

​

13,685

​

​

22,402

​

Sales returns reserve

​

​

9,681

​

​

8,786

​

Other

​

 

8,192

​

 

5,266

​

Total accrued expenses and other current liabilities

​

$

159,103

​

$

146,038

​

​
v3.26.1
Revolving Credit Facilities and Long-Term Debt
 12 Months Ended
Mar. 28, 2026
Revolving Credit Facilities and Long-Term Debt  
Revolving Credit Facilities

8. Revolving Credit Facility and Long-Term Debt

The Company currently has a $250.0 million syndicated senior secured asset-based revolving credit facility (“Wells Fargo Revolver”) for which Wells Fargo Bank, National Association is agent (“Wells Fargo”). Under the Wells Fargo Revolver, the sublimit for letters of credit is $10.0 million and the current maturity date is July 11, 2027.

Revolving credit loans under the Wells Fargo Revolver bear interest at per annum rates equal to, at the Company’s option, either (i) Adjusted Term Secured Overnight Financing Rate (defined as “Term SOFR” for the applicable interest period plus a fixed credit spread adjustment of 0.10%) plus an applicable margin for Term SOFR loans, or (ii) the base rate plus an applicable margin for base rate loans. The base rate is calculated at the highest of (a) the federal funds rate plus 0.5%, (b) the Wells Fargo prime rate and (c) Term SOFR for a one-month tenor in effect on such day plus 1.0%. The applicable margin is calculated based on a pricing grid that in each case is linked to quarterly average excess availability. For Term SOFR loans, the applicable margin ranges from 1.00% to 1.25% and for base rate loans it ranges from 0.00% to 0.25%. The interest on base rate loans under the Wells Fargo Revolver is payable in quarterly installments ending on the maturity date and for Term SOFR loans is payable on the earlier of the last day of

each interest period applicable thereto, or on each three-month interval of such interest period. The Company also pays a commitment fee of 0.25% per annum of the actual daily amount of the unutilized revolving loans.

The borrowing base of the Wells Fargo Revolver is calculated on a monthly basis and is based on the amount of eligible credit card receivables, commercial accounts, inventory, and available reserves.

The amounts outstanding under the Wells Fargo Revolver and letter of credit commitments as of March 28, 2026 were zero and $4.0 million, respectively. The amounts outstanding under the Wells Fargo Revolver and letter of credit commitments as of March 29, 2025 were zero and $2.9 million, respectively. Total interest expense incurred in fiscal 2026 on the Wells Fargo Revolver was $0.8 million and the weighted average interest rate for fiscal 2026 was 6.9%. Total interest expense incurred in fiscal 2025 on the Wells Fargo Revolver was $0.8 million and the weighted average interest rate for fiscal 2025 was 7.8%. Total interest expense incurred in fiscal 2024 on the Wells Fargo Revolver was $1.7 million and the weighted average interest rate for fiscal 2024 was 7.0%.

All obligations under the Wells Fargo Revolver are unconditionally guaranteed by the Company and each of its direct and indirect domestic subsidiaries (other than certain immaterial subsidiaries) which are not named as borrowers under the Wells Fargo Revolver.

The Wells Fargo Revolver contains customary provisions relating to mandatory prepayments, restricted payments, voluntary payments, affirmative and negative covenants, and events of default. In addition, the terms of the Wells Fargo Revolver require the Company to maintain, on a consolidated basis, a Consolidated Fixed Charge Coverage Ratio (as defined in the Wells Fargo Revolver) of at least 1.00:1.00 during such times as a covenant trigger event shall exist. The Wells Fargo Revolver also requires the Company to pay additional interest of 2.0% per annum upon triggering certain specified events of default set forth therein. For financial accounting purposes, the requirement for the Company to pay a higher interest rate upon an event of default is an embedded derivative. As of March 28, 2026, the fair value of this embedded derivative was estimated and was not significant.

As of March 28, 2026, the Company was in compliance with the Wells Fargo Revolver debt covenants.

Debt Issuance Costs

Debt issuance costs totaling $1.7 million were incurred under the Wells Fargo Revolver and are included as assets on the consolidated balance sheets in prepaid expenses and other current assets. Total unamortized debt issuance costs were $0.1 million and $0.2 million as of March 28, 2026 and March 29, 2025, respectively. These amounts are being amortized to interest expense over the term of the Wells Fargo Revolver.

Total amortization expense of $0.1 million related to the Wells Fargo Revolver is included as a component of interest expense in each of fiscal 2026, fiscal 2025 and fiscal 2024.
v3.26.1
Share Repurchase Program
 12 Months Ended
Mar. 28, 2026
Share Repurchase Program  
Share Repurchase Program

​

9. Share Repurchase Program

In May 2025, the Company’s Board of Directors (the “Board”) authorized the Company to repurchase up to $200 million of its common stock (the “Repurchase Program”). Repurchases under the Repurchase Program may be made through a variety of methods, which could include open market purchases, which may or may not be pursuant to Rule 10b5-1 trading plans, privately negotiated transactions, block trades, accelerated share repurchase plans, or any combination of such methods. The timing and amount of shares repurchased will depend on the stock price, business and market conditions, corporate and regulatory requirements, alternative investment opportunities, acquisition opportunities, and other factors. The Company is not obligated to repurchase any specific amount of shares of common stock. The Repurchase Program does not have an expiration date and may be amended or terminated by the Board at any time without prior notice.

A summary of share repurchase activity is presented in the following table:

​

​

​

​

Fiscal Year Ended

​

March 28,

(dollars in thousands)

2026

Shares repurchased

​

286,504

Total cost of shares repurchased (excluding excise tax)

$

50,006

​

During fiscal 2025 and fiscal 2024 there was not an authorized repurchase program, and no shares were repurchased.
v3.26.1
Stock-Based Compensation
 12 Months Ended
Mar. 28, 2026
Stock-Based Compensation  
Stock-Based Compensation

10. Stock-Based Compensation

Equity Incentive Plans

On October 19, 2014, the Company approved the 2014 Equity Incentive Plan, which was amended as of August 24, 2016 (as amended, the “2014 Plan”). The 2014 Plan authorized the Company to issue awards to employees, consultants and directors for up to a total of 3,600,000 shares of common stock, par value $0.0001 per share. All awards granted by the Company under the 2014 Plan were nonqualified stock options, restricted stock awards, restricted stock units or performance share units. Options granted under the 2014 Plan have a life of eight to ten years and vested over service periods of four or five years or in connection with certain events as defined by the 2014 Plan and as determined by the Compensation Committee of the Company’s Board (the “Compensation Committee”). Restricted stock awards granted under the 2014 Plan vested over one or four years, as determined by the Compensation Committee. Restricted stock units granted under the 2014 Plan vested over service periods of one, four or five years, as determined by the Compensation Committee. Performance share units granted under the 2014 Plan were subject to the vesting criteria discussed further below.

On August 26, 2020 (the “Effective Date”), the Company’s stockholders approved the Boot Barn Holdings, Inc. 2020 Equity Incentive Plan, and on August 25, 2021, the Company’s stockholders approved Amendment No. 2021-1 to the Boot Barn Holdings, Inc. 2020 Equity Incentive Plan (as amended, the “2020 Plan”). Following the approval of the 2020 Plan, no further grants have been made under the 2014 Plan. The 2020 Plan authorizes the issuance of awards to employees (including executive officers) of the Company or any of its subsidiaries or other Affiliates (as defined in the 2020 Plan) and non-employee directors of the Board or any member of any board of directors of any Affiliate for up to a total of 2,000,000 shares of common stock, par value $0.0001 per share. In addition, and subject to adjustment as set forth in the 2020 Plan, shares of common stock subject to outstanding awards under the 2014 Plan that terminate, expire or are cancelled, forfeited, exchanged or surrendered without having been exercised, vested or paid in shares or are paid in cash after the Effective Date shall be added to the share reserve under the 2020 Plan. As of March 28, 2026, all awards granted under the 2020 Plan to date have been market-based stock options, restricted stock units or performance share units. Market-based stock options granted under the 2020 Plan were subject to the vesting criteria discussed in the fiscal 2025 Annual Report on Form 10-K filed with the SEC on May 15, 2025. Restricted stock units granted under the 2020 Plan vest over service periods ranging from one to four years, as determined by the Compensation Committee. Performance share units granted under the 2020 Plan are subject to the vesting criteria discussed further below.

Stock Options

During fiscal 2026, fiscal 2025, and fiscal 2024 the Company did not grant options to purchase shares.

The following table summarizes the stock option award activity for the fiscal year ended March 28, 2026:

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

​

  ​ ​ ​

​

​

  ​ ​ ​

Weighted

  ​ ​ ​

​

​

 

​

​

​

​

Grant Date

​

Average

​

​

​

 

​

​

​

​

Weighted

​

Remaining

​

Aggregate

 

​

​

Stock

​

Average

​

Contractual

​

Intrinsic

 

​

  ​ ​ ​

Options

  ​ ​ ​

Exercise Price

  ​ ​ ​

Life (in Years)

  ​ ​ ​

Value (1)

 

​

​

​

​

​

​

​

​

​

(in thousands)

​

Outstanding at March 29, 2025

 

124,438

​

$

24.26

​

​

​

​

​

​

Granted

 

—

​

$

—

​

​

​

​

​

​

Exercised

​

(17,421)

​

$

24.31

​

​

​

$

2,816

​

Cancelled, forfeited or expired

 

(299)

​

$

23.92

​

​

​

​

​

​

Outstanding at March 28, 2026

 

106,718

​

$

24.26

 

3.4

​

$

13,337

​

Vested and expected to vest after March 28, 2026

 

106,718

​

$

24.26

 

3.4

​

$

13,337

​

Exercisable at March 28, 2026

 

106,718

​

$

24.26

 

3.4

​

$

13,337

​

(1)Intrinsic value for stock options is defined as the difference between the market price of the Company’s common stock on the last business day of the fiscal year and the weighted average exercise price of the in-the-money stock options outstanding at the end of each fiscal period.

The tax benefit from stock options exercised during fiscal 2026, fiscal 2025 and fiscal 2024 was $0.7 million, $0.7 million, and $1.2 million, respectively.

Restricted Stock Units

During fiscal 2026, fiscal 2025 and fiscal 2024, the Company granted 83,186, 109,013, and 132,713 restricted stock units (“RSUs”), respectively, to non-employee directors, the Executive Chairman of the Board, and various employees under the 2020 Plan. The restricted stock units granted vest in periods ranging from one to three years, provided that the respective award recipient continues to be employed by the Company through the vesting period (subject to certain exceptions). The grant date fair values of the RSUs granted during fiscal 2026, fiscal 2025 and fiscal 2024 totaled $13.2 million, $12.5 million and $8.6 million, respectively, and were initially measured using the Company’s closing stock price on the grant date. The Company is recognizing the expense relating to these awards on a straight-line basis over the service period of each award (subject to certain exceptions), commencing on the date of grant.

A summary of the status of non-vested RSUs as of March 28, 2026 and changes during fiscal 2026 is presented below:

​

​

​

​

​

​

​

​

​

​

Weighted-

​

​

​

​

Average

​

​

​

​

Grant Date

​

  ​ ​ ​

Shares

  ​ ​ ​

Fair Value

Non-vested awards outstanding at March 29, 2025

 

172,191

​

$

93.10

Granted

 

83,186

​

$

158.13

Vested

​

(88,109)

​

$

87.28

Forfeited

 

(6,706)

​

$

122.41

Non-vested awards outstanding at March 28, 2026

 

160,562

​

$

128.94

​

The total fair value of RSUs vested during fiscal 2026 was $13.3 million.

Performance Share Units

During fiscal 2026, fiscal 2025 and fiscal 2024, the Company granted 46,231, 61,530 and 112,740 performance share units (“PSUs”), respectively, to various employees under the 2020 Plan with grant date fair values of $7.2 million, $6.9 million and $7.3 million, respectively. PSUs are stock-based awards in which the number of shares ultimately received depends on the Company’s performance against its cumulative earnings per share target over a three-year performance period. The performance periods for PSUs granted during: (i) fiscal 2026, began March 30, 2025 and ends April 1, 2028; (ii) fiscal 2025, began March 31, 2024 and ends March 27, 2027; and fiscal 2024, began April 2, 2023 and ended March 28, 2026.

The performance metrics for these PSU awards were established by the Company at the beginning of the performance period. At the end of the performance period, the number of shares to be issued is fixed based upon the degree of achievement of the pre-determined performance goals for such PSUs. If the cumulative three-year performance goals are below the threshold level, the number of PSUs to vest will be 0%, if the performance goals are at the threshold level, the number of PSUs to vest will be 50% of the target amounts, if the performance goals are at the target level, the number of PSUs to vest will be 100% of the target amounts, and if the performance goals are at the maximum level, the number of PSUs to vest will be 200% of the target amounts, each subject to continued service by the applicable award recipient through the last day of the performance period (subject to certain exceptions). If performance is between threshold and target goals or between target and maximum goals, the number of PSUs to vest will be determined by linear interpolation. The number of shares ultimately issued can range from 0% to 200% of the participant's target award.

The grant date fair values of the PSUs granted during fiscal 2026, fiscal 2025 and fiscal 2024 were initially measured using the Company’s closing stock price on the date of grant with the resulting stock compensation expense recognized on a straight-line basis over the three-year vesting period, subject to certain exceptions. The expense recognized over the vesting period is adjusted up or down on a quarterly basis based on the anticipated performance level during the performance period. If the performance goals are not probable of achievement during the performance period, any previously recognized stock compensation expense is reversed. The PSUs are forfeited if the threshold performance goals are not achieved as of the end of the performance period.

A summary of the status of non-vested PSUs as of March 28, 2026 and changes during fiscal 2026 is presented below:

​

​

​

​

​

​

​

​

​

​

Weighted-

​

​

​

​

Average

​

​

​

​

Grant Date

​

  ​ ​ ​

Shares

  ​ ​ ​

Fair Value

Non-vested awards outstanding at March 29, 2025

 

139,070

​

$

82.98

Granted

 

46,231

​

$

156.71

Target Award Adjustment(1)

​

(33,694)

​

$

86.96

Vested

​

—

​

$

—

Forfeited

 

(8,566)

​

$

96.56

Non-vested awards outstanding at March 28, 2026

 

143,041

​

$

105.06

(1)Represents the adjustment to reflect the number of PSUs ultimately earned based on achievement of performance metrics.

No PSUs vested during fiscal 2026 as the applicable performance conditions were not achieved.

Stock-Based Compensation Expense

A summary of stock-based compensation expense by award-type is presented below:

​

​

​

​

​

​

​

​

​

​

​

Fiscal Year Ended

​

March 28,

​

March 29,

​

March 30,

(in thousands)

2026

  ​ ​ ​

2025(1)

  ​ ​ ​

2024

Stock options

$

-

​

$

(2,436)

​

$

1,817

Restricted stock units

​

8,573

​

​

7,991

​

​

7,203

Performance share units

​

7,530

​

​

5,422

​

​

3,915

Total stock-based compensation expense, before tax

​

16,103

​

​

10,977

​

​

12,935

Income tax benefit

​

(2,832)

​

​

(3,654)

​

​

(2,686)

Total stock-based-compensation expense, after tax

$

13,271

​

$

7,323

​

$

10,249

(1)During fiscal 2025, the Company’s former Chief Executive Officer (“CEO”) resigned and forfeited all of his unvested equity awards. This resulted in a net reversal of stock-based compensation expense of $6.0 million associated with the former CEO’s unvested equity awards during fiscal 2025.

Stock-based compensation expense of $3.6 million, $4.3 million, and $2.4 million was recorded in cost of goods sold in the consolidated statements of operations for fiscal 2026, fiscal 2025, and fiscal 2024, respectively. All other stock-based compensation expense is included in selling, general and administrative expenses in the consolidated statements of operations.

A summary of unamortized stock-based compensation expense and the weighted-average remaining recognition period of awards granted under the Company’s stock-based compensation plans as of March 28, 2026 is presented below:

​

​

​

​

(in thousands, except for periods)

​

March 28, 2026

RSUs

​

​

​

Unamortized compensation expense for RSUs

​

$

11,071

Weighted-average remaining recognition period (in years)

​

 

1.82

​

​

​

​

PSUs

​

​

​

Unamortized compensation expense for PSUs

​

$

11,125

Weighted-average remaining recognition period (in years)

​

 

1.92

​
v3.26.1
Commitments and Contingencies
 12 Months Ended
Mar. 28, 2026
Commitments and Contingencies  
Commitments and Contingencies

11. Commitments and Contingencies

The Company is involved, from time to time, in litigation that is incidental to its business. The Company has reviewed these matters to determine if reserves are required for losses that are probable and reasonable to estimate in accordance with FASB ASC Topic 450, Contingencies. The Company evaluates such reserves, if any, based upon several criteria, including the merits of each claim, settlement discussions and advice from outside legal counsel, as well as indemnification of amounts expended by the Company’s insurers or others, if any.

The Company is also subject to certain other pending or threatened litigation matters incidental to its business. In management’s opinion, none of these legal matters, individually or in the aggregate, will have a material effect on the Company’s financial position, results of operations, or liquidity.

During the normal course of its business, the Company has made certain indemnifications and commitments under which the Company may be required to make payments for certain transactions. These indemnifications include those given to various lessors in connection with facility leases for certain claims arising from such facility leases, and indemnifications to directors and officers of the Company to the maximum extent permitted under the laws of the State of Delaware. The majority of these indemnifications and commitments do not provide for any limitation of the maximum potential future payments the Company could be obligated to make, and their duration may be indefinite. The Company has not recorded any liability for these indemnifications and commitments in the consolidated balance sheets as the impact is expected to be immaterial.
v3.26.1
Leases
 12 Months Ended
Mar. 28, 2026
Leases  
Leases

12. Leases

The Company does not own any real estate. Instead, most of its retail store locations are occupied under operating leases. The store leases generally have a base lease term of five or 10 years, with one or more renewal periods of five years, on average, exercisable at the Company’s option. The Company is generally responsible for the payment of property taxes and insurance, utilities and common area maintenance fees. Some leases also require additional payments based on percentage of sales. Lease terms include the non-cancellable portion of the underlying leases along with any reasonably certain lease periods associated with available renewal periods, termination options and purchase options.

ROU assets are tested for impairment in the same manner as long-lived assets. During fiscal 2026, fiscal 2025 and fiscal 2024, the Company did not record ROU asset impairment charges related to its stores.

ROU assets and lease liabilities as of March 28, 2026 and March 29, 2025 consisted of the following (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

Balance Sheet Classification

​

March 28, 2026

​

March 29, 2025

Assets

​

​

​

​

​

​

​

​

Finance

​

Right-of-use assets, net

​

$

7,042

​

$

7,789

Operating

​

Right-of-use assets, net

​

 

631,383

​

 

461,672

Total lease assets

​

​

​

$

638,425

​

$

469,461

​

​

​

​

​

​

​

​

​

Liabilities

​

​

​

 

​

​

 

​

Current

​

​

​

​

​

​

​

​

Finance

​

Short-term lease liabilities

​

$

1,027

​

$

948

Operating

​

Short-term lease liabilities

​

​

88,716

​

​

71,913

Total short-term lease liabilities

​

​

​

$

89,743

​

$

72,861

​

​

​

​

​

​

​

​

​

Non-Current

​

​

​

​

​

​

​

​

Finance

​

Long-term lease liabilities

​

$

12,453

​

$

13,480

Operating

​

Long-term lease liabilities

​

​

671,284

​

​

476,702

Total long-term lease liabilities

​

​

​

$

683,737

​

$

490,182

Total lease liabilities

​

​

​

$

773,480

​

$

563,043

​

Total lease costs for each of fiscal 2026, fiscal 2025 and fiscal 2024 were:

​

​

​

​

​

​

​

​

​

​

​

​

Fiscal Year Ended

(in thousands)

  ​

March 28, 2026

​

March 29, 2025

​

March 30, 2024

Finance lease cost

​

​

​

​

​

​

​

​

​

Amortization of right-of-use assets

​

$

748

​

$

748

​

$

805

Interest on lease liabilities

​

​

595

​

​

634

​

​

672

Total finance lease cost

​

$

1,343

​

$

1,382

​

$

1,477

​

​

​

​

​

​

​

​

​

​

Operating lease cost

​

$

112,063

​

$

91,599

​

$

73,577

Short-term lease cost

​

​

5,024

​

​

4,539

​

​

4,403

Variable lease cost

​

​

36,817

​

​

31,433

​

​

23,920

Total lease cost

​

$

155,247

​

$

128,953

​

$

103,377

​

The following table summarizes future lease payments as of March 28, 2026:

​

​

​

​

​

​

​

​

​

Operating Leases

​

Finance Leases

Fiscal Year

​

(in thousands)

​

(in thousands)

2027

​

$

107,488

​

$

1,590

2028

​

 

132,344

​

 

1,629

2029

​

 

125,558

​

 

1,669

2030

​

​

117,566

​

​

1,709

2031

​

​

108,955

​

​

1,751

Thereafter

​

 

358,534

​

 

7,766

Total

​

​

950,445

​

​

16,114

Less: Imputed interest

​

​

(190,445)

​

​

(2,634)

Present value of net lease payments

​

$

760,000

​

$

13,480

​

As of March 28, 2026, the Company’s minimum lease commitment for operating leases signed but not yet commenced was $152.3 million.

The following table includes supplemental lease information:

​

​

​

​

​

​

​

​

​

​

Fiscal Year Ended

​

Supplemental Cash Flow Information (dollars in thousands)

​

March 28, 2026

​

March 29, 2025

​

Cash paid for amounts included in the measurement of lease liabilities

​

​

​

​

​

​

​

Operating cash flows from operating leases

​

$

128,628

​

$

99,782

​

Operating cash flows from finance leases

​

 

585

​

 

624

​

Financing cash flows from finance leases

​

​

967

​

​

891

​

​

​

$

130,180

​

$

101,297

​

Lease liabilities arising from new right-of-use assets

​

​

​

​

​

​

​

Operating leases

​

$

247,258

​

$

145,954

​

Finance leases

​

$

—

​

$

—

​

​

​

​

​

​

​

​

​

Weighted average remaining lease term (in years)

​

​

​

​

​

​

​

Operating leases

​

​

7.9

​

​

7.8

​

Finance leases

​

​

9.4

​

​

10.4

​

​

​

​

​

​

​

​

​

Weighted average discount rate

​

​

​

​

​

​

​

Operating leases

​

​

5.4

%

​

5.2

%

Finance leases

​

​

10.9

%

​

10.9

%

​
v3.26.1
Defined Contribution Plan
 12 Months Ended
Mar. 28, 2026
Defined Contribution Plan  
Defined Contribution Plan

13. Defined Contribution Plan

The Boot Barn 401(k) Plan (the “401(k) Plan”) is a qualified plan under Section 401(k) of the Internal Revenue Code of 1986, as amended (“IRC”). The 401(k) Plan provides a matching contribution for all employees that work a minimum of 1,000 hours per year. Contributions to the plan are based on certain criteria as defined in the agreement governing the 401(k) Plan. Participating employees are allowed to contribute up to the statutory maximum set by the Internal Revenue Service. The Company provides a safe harbor matching contribution that matches 100% of employee contributions up to 3% of their respective wages and then 50% of further contributions up to 5% of their respective wages. Contributions to the plan and charges to selling, general and administrative expenses were $3.1 million, $2.5 million, and $2.3 million for fiscal 2026, fiscal 2025, and fiscal 2024, respectively.
v3.26.1
Income Taxes
 12 Months Ended
Mar. 28, 2026
Income Taxes  
Income Taxes

14. Income Taxes

Income tax expense consisted of the following:

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Fiscal Year Ended

​

​

​

March 28,

​

March 29,

​

March 30,

​

(in thousands)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

 

Current:

​

​

​

​

​

​

​

​

​

​

Federal

​

$

47,567

​

$

49,527

​

$

32,160

​

State

​

 

14,748

​

 

12,365

​

 

9,442

​

Foreign

​

​

—

​

​

—

​

​

—

​

Total current

​

 

62,315

​

 

61,892

​

 

41,602

​

Deferred:

​

​

​

​

​

​

​

​

​

​

Federal

​

 

13,116

​

 

(2,607)

​

 

5,774

​

State

​

 

(722)

​

 

(110)

​

 

3,000

​

Foreign

​

​

—

​

​

—

​

​

—

​

Total deferred

​

 

12,394

​

 

(2,717)

​

 

8,774

​

Total income tax expense

​

$

74,709

​

$

59,175

​

$

50,376

​

​

The reconciliation between the Company’s effective tax rate on income from operations and the statutory tax rate is as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fiscal Year Ended

​

March 28,

​

March 29,

​

March 30,

(dollars in thousands)

2026

​

2025

​

2024

Income taxes at statutory federal rate

$

63,124

​

21.0

%  

​

$

50,424

​

21.0

%  

​

$

41,448

​

21.0

%  

State and local taxes, net of federal income tax effect (1)

 

11,082

​

3.7

​

​

 

9,681

​

4.0

​

​

 

9,759

​

4.9

​

Foreign tax effects

 

—

​

—

​

​

 

—

​

—

​

​

 

—

​

—

​

Tax credits

 

(727)

​

(0.2)

​

​

 

(788)

​

(0.3)

​

​

 

(297)

​

(0.2)

​

Nontaxable or nondeductible items

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Excess tax benefit of stock-based compensation

 

(1,428)

​

(0.5)

​

​

 

(1,502)

​

(0.6)

​

​

 

(1,387)

​

(0.7)

​

IRC Section 162(m)

​

1,755

​

0.6

​

​

​

1,000

​

0.4

​

​

​

1,484

​

0.8

​

Other

​

422

​

0.1

​

​

​

298

​

0.1

​

​

​

270

​

0.1

​

Other adjustments

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other

​

481

​

0.2

​

​

​

62

​

—

​

​

​

(901)

​

(0.5)

​

Provision for income taxes

$

74,709

​

24.9

%  

​

$

59,175

​

24.6

%  

​

$

50,376

​

25.4

%  

​

(1)For each respective fiscal year, state taxes in the following states contributed to the majority of the tax effect in this category:

2026: California, Texas, Tennessee, and Arizona

2025: California, Kansas, and Texas

2024: California, Tennessee, and Texas

Differences between the effective tax rate and the statutory rate relate primarily to excess tax benefits due to income tax accounting for stock-based compensation, IRC Section 162(m) and state taxes.

The amount of cash paid for income taxes by the Company, net of refunds, is as follows:

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Fiscal Year Ended

​

​

March 28,

​

March 29,

​

March 30,

(in thousands)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

Federal

​

$

47,000

​

$

49,000

​

$

43,790

State

​

 

​

​

 

​

​

 

​

California

​

​

5,873

​

​

4,458

​

​

6,955

Other states

​

​

9,161

​

​

6,471

​

​

6,412

Foreign

​

​

—

​

​

—

​

​

—

Total

​

$

62,034

​

$

59,929

​

$

57,157

​

Deferred taxes reflect the net tax effects of the temporary differences between the carrying amount of assets and liabilities for financial reporting and the amount used for income tax purposes. Significant components of the Company’s net deferred tax liabilities as of March 28, 2026 and March 29, 2025 consisted of the following (in thousands):

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 28

  ​ ​ ​

March 29,

 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

 

Deferred tax assets:

​

​

​

​

​

​

​

State taxes

​

$

1,433

​

$

1,150

​

Accrued liabilities

​

 

3,856

​

 

2,698

​

Award program liabilities

​

 

977

​

 

765

​

Deferred revenue

​

 

4,417

​

 

3,610

​

Inventories

​

 

9,684

​

 

8,265

​

Stock options

​

 

3,922

​

 

3,034

​

Lease liabilities

​

​

187,837

​

​

135,892

​

Other, net

​

 

3,546

​

 

2,668

​

Total deferred tax assets

​

 

215,672

​

 

158,082

​

Deferred tax liabilities:

​

​

​

​

​

​

​

Depreciation and amortization

​

 

(107,758)

​

 

(80,532)

​

Prepaid expenses

​

 

(1,956)

​

 

(887)

​

Right-of-use assets

​

​

(157,669)

​

​

(115,980)

​

Total deferred tax liabilities

​

 

(267,383)

​

 

(197,399)

​

Valuation allowance

​

​

—

​

​

—

​

Net deferred tax liabilities

​

$

(51,711)

​

$

(39,317)

​

​

​

As of March 28, 2026, the Company had no net operating loss carryforwards for federal and state tax purposes.

Valuation allowances are established, when necessary, to reduce deferred income tax assets to the amounts expected to be realized. To this end, the Company has considered and evaluated its sources of taxable income, including forecasted future taxable income, and the Company has concluded that a valuation allowance is not necessary as of March 28, 2026 and March 29, 2025.

The Company applies ASC 740, which contains a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon ultimate settlement. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments. At March 28, 2026 and March 29, 2025, no material amounts were recorded for any uncertain tax positions.

The Company’s policy is to recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. To the extent that accrued interest and penalties do not ultimately become payable, amounts accrued will be reduced and reflected as a reduction of the overall income tax provision in the period that such determination is made. The Company does not have any accrued interest or penalties associated with any unrecognized tax benefits as of March 28, 2026 and March 29, 2025.

The Company does not anticipate a significant change in its uncertain tax benefits over the next 12 months.

The major jurisdictions in which the Company files income tax returns include the U.S. federal jurisdiction, as well as various state jurisdictions within the U.S. The Company’s fiscal years 2021 through 2025 returns are subject to examination by the U.S. federal and various state tax authorities.

As of March 28, 2026, the Company was not aware of any ongoing state tax examinations. As of March 28, 2026, the Company was subject to an Internal Revenue Service examination for the fiscal 2023 tax year. Such examination was closed without any additional tax liability on May 4, 2026.

On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law, which enacts significant changes to U.S. tax and related laws. The most significant provision of the OBBBA affecting the Company is the one hundred percent bonus depreciation on eligible property acquired after January 19, 2025. The Company has reflected the impact of the OBBBA on its consolidated financial statements as of and for the fiscal year ended March 28, 2026.

v3.26.1
Related Party Transactions
 12 Months Ended
Mar. 28, 2026
Related Party Transactions  
Related Party Transactions

15. Related Party Transactions

One member of the Board served on the board of directors of Floor & Decor Holdings, Inc., a specialty retail vendor in the flooring market, through February 2025, and one member of the Board served as an executive officer of Floor & Decor Holdings, Inc. through April 2022. Beginning in March 2025, the Company no longer has a related party relationship with Floor & Decor Holdings, Inc.

Capital expenditures with Floor & Decor Holdings, Inc. amounted to less than $0.1 million in each of fiscal 2025 and fiscal 2024, and were recorded as property and equipment, net on the consolidated balance sheets.

John Grijalva, the husband of Laurie Grijalva, Chief Merchandising Officer, works as an independent sales representative primarily for Dan Post Boot Company, Outback Trading Company, LTD and KS Marketing LLC. Mr. Grijalva conducts his business as an independent sales representative through a limited liability company of which he and Ms. Grijalva are members. We purchased merchandise from these suppliers in the aggregate approximate amounts of $37.3 million, $38.0 million, and $32.8 million in fiscal 2026, fiscal 2025, and fiscal 2024, respectively. Mr. Grijalva was paid commissions by the companies he represents amounting to approximately $2.6 million, $2.5 million, and $2.2 million in fiscal 2026, fiscal 2025 and fiscal 2024, respectively, a portion of which were passed on to other sales representatives working for Mr. Grijalva.
v3.26.1
Earnings Per Share
 12 Months Ended
Mar. 28, 2026
Earnings Per Share  
Earnings Per Share

16. Earnings Per Share

Earnings per share is computed under the provisions of FASB ASC Topic 260, Earnings Per Share. Basic earnings per share is computed based on the weighted average number of outstanding shares of common stock during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method, whereby proceeds from such exercise and unamortized compensation, if any, on share-based awards are assumed to be used by the Company to purchase the shares of common stock at the average market price during the period. The dilutive effect of stock options and restricted stock is applicable only in periods of net income. Performance share units and market-based stock option awards are excluded from the calculation of diluted earnings per share until their respective performance or market criteria has been achieved.

The components of basic and diluted earnings per share of common stock, in aggregate, for fiscal 2026, fiscal 2025, and fiscal 2024 are as follows:

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Fiscal Year Ended

​

​

March 28,

​

March 29,

​

March 30,

(in thousands, except per share data)

 

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

Net income

​

$

225,880

​

$

180,942

​

$

146,996

​

​

​

​

​

​

​

​

​

​

Weighted average basic shares outstanding

​

 

30,505

​

 

30,524

​

 

30,167

Dilutive effect of options and restricted stock

​

 

230

​

 

249

​

 

444

Weighted average diluted shares outstanding

​

 

30,735

​

 

30,773

​

 

30,611

​

​

​

​

​

​

​

​

​

​

Basic earnings per share

​

$

7.40

​

$

5.93

​

$

4.87

Diluted earnings per share

​

$

7.35

​

$

5.88

​

$

4.80

​

During fiscal 2026, fiscal 2025 and fiscal 2024, securities outstanding totaling approximately zero, zero, and 86,882 shares, comprised of options and restricted stock, were excluded from the computation of weighted average diluted common shares outstanding, as the effect of doing so would have been anti-dilutive.
v3.26.1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Pay vs Performance Disclosure      
Net Income (Loss) $ 225,880 $ 180,942 $ 146,996
v3.26.1
Insider Trading Arrangements - James Watkins
 3 Months Ended
Mar. 28, 2026
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement

On February 20, 2026, James Watkins, the Company’s Chief Financial Officer and Secretary, adopted a written plan for the sale of the Company’s common stock that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a “10b5-1 Plan”). The 10b5-1 Plan provides for the potential sale of up to 4,000 shares of the Company’s common stock beginning May 22, 2026 through August 2, 2028.
Name James Watkins
Title Chief Financial Officer and Secretary
Rule 10b5-1 Arrangement Adopted true
Adoption Date Feb. 20, 2026
Expiration Date Aug. 02, 2028
Aggregate Available 4,000
v3.26.1
Insider Trading Policies and Procedures
 12 Months Ended
Mar. 28, 2026
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.26.1
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Mar. 28, 2026
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block] Under the oversight of the Audit Committee, our management and the INFOSEC team have established comprehensive processes for identifying, assessing and managing material risks from cybersecurity threats, and these processes are integrated into our overall enterprise risk management program. Our approach is intended to be proactive and adaptive, featuring regular security assessments, tabletop exercises, third-party audits, team member training, and continuous improvement of our cybersecurity infrastructure. We work to align our practices with industry best practices and regulatory standards. We continually evaluate our information technology systems to identify new and monitor existing cybersecurity risks based on observed activity on the systems. We evaluate the nature and severity of identified risks, and whether changes to the system are necessary. We perform annual cybersecurity training for all employees with access to our systems and conduct regular test phishing campaigns. We engage a third-party to assist in monitoring, preventing and detecting potential cybersecurity vulnerabilities and incidents, including performing scans of our information technology systems and penetration testing. We use the results of the various tests to inform our response plan, update our systems, and train employees.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] Under the oversight of the Audit Committee, our management and the INFOSEC team have established comprehensive processes for identifying, assessing and managing material risks from cybersecurity threats, and these processes are integrated into our overall enterprise risk management program. Our approach is intended to be proactive and adaptive, featuring regular security assessments, tabletop exercises, third-party audits, team member training, and continuous improvement of our cybersecurity infrastructure. We work to align our practices with industry best practices and regulatory standards. We continually evaluate our information technology systems to identify new and monitor existing cybersecurity risks based on observed activity on the systems. We evaluate the nature and severity of identified risks, and whether changes to the system are necessary. We perform annual cybersecurity training for all employees with access to our systems and conduct regular test phishing campaigns. We engage a third-party to assist in monitoring, preventing and detecting potential cybersecurity vulnerabilities and incidents, including performing scans of our information technology systems and penetration testing. We use the results of the various tests to inform our response plan, update our systems, and train employees.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block] The Audit Committee, under oversight of the Board of Directors, has responsibility for oversight of risks from cybersecurity threats, and the assessment and management of cybersecurity risks is the responsibility of the Information Security (“INFOSEC”) team. The INFOSEC team is managed by the Senior Vice President, Information Technology, who reports to our Chief Executive Officer.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] Audit Committee
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The Audit Committee, under oversight of the Board of Directors, has responsibility for oversight of risks from cybersecurity threats, and the assessment and management of cybersecurity risks is the responsibility of the Information Security (“INFOSEC”) team. The INFOSEC team is managed by the Senior Vice President, Information Technology, who reports to our Chief Executive Officer.
Cybersecurity Risk Role of Management [Text Block]

Under the oversight of the Audit Committee, our management and the INFOSEC team have established comprehensive processes for identifying, assessing and managing material risks from cybersecurity threats, and these processes are integrated into our overall enterprise risk management program. Our approach is intended to be proactive and adaptive, featuring regular security assessments, tabletop exercises, third-party audits, team member training, and continuous improvement of our cybersecurity infrastructure. We work to align our practices with industry best practices and regulatory standards. We continually evaluate our information technology systems to identify new and monitor existing cybersecurity risks based on observed activity on the systems. We evaluate the nature and severity of identified risks, and whether changes to the system are necessary. We perform annual cybersecurity training for all employees with access to our systems and conduct regular test phishing campaigns. We engage a third-party to assist in monitoring, preventing and detecting potential cybersecurity vulnerabilities and incidents, including performing scans of our information technology systems and penetration testing. We use the results of the various tests to inform our response plan, update our systems, and train employees.

Upon the identification of a cybersecurity incident, the Incident Response Team (“IRT”) initiates our Security Incident Response Policy. This includes determining the scope and risk level of the incident, the incident response, and the steps necessary to reduce the likelihood of reoccurrence. Depending on the severity of the incident, the IRT reports the incident to the Audit Committee, as well as communicates with other appropriate stakeholders. In addition, a summary of cybersecurity incidents, results of testing, corporate security training and planned enhancements are reported to the Audit Committee at least quarterly by the Senior Vice President, Information Technology.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] Senior Vice President, Information Technology
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Our current Senior Vice President, Information Technology and other members of our INFOSEC team collectively have more than 70 years of experience in information technology and extensive education and industry experience managing cybersecurity risks, developing and implementing cybersecurity policies, and responding to cybersecurity incidents.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] We continually evaluate our information technology systems to identify new and monitor existing cybersecurity risks based on observed activity on the systems. We evaluate the nature and severity of identified risks, and whether changes to the system are necessary. We perform annual cybersecurity training for all employees with access to our systems and conduct regular test phishing campaigns.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.26.1
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Mar. 28, 2026
Summary of Significant Accounting Policies  
Basis of Presentation

Basis of Presentation

The Company’s consolidated financial statements, prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), include the accounts of the Company and each of its subsidiaries, including Boot Barn Holdings, Inc., Boot Barn, Inc., RCC Western Stores, Inc. (“RCC”), Baskins Acquisition Holdings, LLC (“Baskins”), Sheplers, LLC and Sheplers Holding, LLC (collectively with Sheplers, LLC, “Sheplers”). All intercompany accounts and transactions among the Company and its subsidiaries have been eliminated in consolidation. The vast majority of the Company’s identifiable assets are in the United States.
Fiscal Periods

Fiscal Year

The Company reports its results of operations and cash flows on a 52- or 53-week basis, and its fiscal year ends on the last Saturday of March unless April 1st is a Saturday, in which case the fiscal year ends on April 1st. The fiscal years ended March 28, 2026 (“fiscal 2026”), March 29, 2025 (“fiscal 2025”), and March 30, 2024 (“fiscal 2024”) each consisted of 52 weeks.
Comprehensive Income

Comprehensive Income

The Company does not have any components of other comprehensive income recorded within its consolidated financial statements and, therefore, does not separately present a statement of comprehensive income in its consolidated financial statements.
Segment Reporting

Segment Reporting

GAAP has established guidance for reporting information about a company’s operating segments, including disclosures related to a company’s products and services, geographic areas and major customers. The Company monitors and reviews its segment reporting structure in accordance with authoritative guidance to determine whether any changes have occurred that would impact its reportable segments. The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer. The CODM regularly reviews operations and financial performance at a consolidated level, based on a single operating segment. The Company operates as one operating and one reportable segment. Further, the Company’s operations represent one reporting unit for the purpose of its goodwill impairment analysis.
Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Among the significant estimates affecting the Company’s consolidated financial statements are those relating to revenue recognition, lease accounting, inventories, goodwill, intangible and long-lived assets, stock-based compensation and income taxes. Management regularly evaluates its estimates and assumptions based upon historical experience and various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. To the extent actual results differ from those estimates, the Company’s future results of operations may be affected.
Cash and Cash Equivalents

Cash and Cash Equivalents

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash equivalents also include receivables from credit card sales. The carrying amounts of cash and cash equivalents represent their fair values.
Accounts Receivable

Accounts Receivable

The Company’s accounts receivable consist of amounts due from commercial customers for merchandise sold, as well as receivables from suppliers under co-operative arrangements. The Company’s allowance for credit losses was $0.7 million and $0.6 million as of March 28, 2026 and March 29, 2025, respectively.
Inventories

Inventories

Inventories consist primarily of purchased merchandise and are valued at the lower of cost or net realizable value. Cost is determined using the weighted-average cost method and includes the cost of merchandise and import related costs, including freight, duty and agent commissions. The Company assesses the recoverability of inventory through a periodic review of historical usage and present demand. When the inventory on hand exceeds the foreseeable demand, the value of inventory that, at the time of the review, is not expected to be sold is written down to its estimated net realizable value.
Debt Issuance Costs and Debt Discounts

Debt Issuance Costs and Debt Discounts

Debt issuance costs are capitalized and amortized to interest expense over the terms of the applicable loan agreements using the effective interest method. Those costs related to the issuance of debt are presented as a reduction to the principal amount of the debt. Debt issuance costs incurred with the issuance of revolving credit lines are included in prepaid expenses and other current assets.

Debt discounts arise when transaction fees are paid to the lending institution. Debt discounts are recorded as a reduction to the principal amount of the debt. Amortization of debt discounts is recorded as an increase to the net principal amount of the debt and as a charge to interest expense over the term of the applicable loan agreement using the effective interest method.
Property and Equipment, net

Property and Equipment, net

Property and equipment consists of machinery and equipment, furniture and fixtures, software, vehicles, and leasehold improvements. Property and equipment is subject to depreciation and is recorded at cost less accumulated depreciation. Expenditures for major remodels and improvements are capitalized while minor replacements, maintenance, and repairs that do not improve or extend the life of such assets are charged to expense. Gains or losses on disposal of fixed assets, when applicable, are reflected in operations. Depreciation is computed using the straight-line

method over the estimated useful lives, ranging from one to ten years. The Company’s property and equipment are depreciated using the following estimated useful lives:

​

​

​

​

​

​

Useful Life

Machinery and equipment

​

3-5 years

Furniture and fixtures

​

3-7 years

Software

​

3-5 years

Vehicles

​

3-5 years

Leasehold improvements

​

1-10 years

​
Goodwill and Indefinite-Lived Intangible Assets

​

​

​

​

​

​

Useful Life

Machinery and equipment

​

3-5 years

Furniture and fixtures

​

3-7 years

Software

​

3-5 years

Vehicles

​

3-5 years

Leasehold improvements

​

1-10 years
Definite-Lived Intangible Assets

Definite-Lived Intangible Assets

Definite-lived intangible assets historically consisted of customer lists, which were amortized over a five-year useful life based on their estimated attrition rates. As of March 28, 2026, these assets were fully amortized.

Long-Lived Assets

Long-Lived Assets

Long-lived assets consist of property and equipment and definite-lived intangible assets. The Company assesses potential impairment of its long-lived assets whenever events or changes in circumstances indicate that an asset or asset group’s carrying value may not be recoverable. Factors that are considered important that could trigger an impairment review include a current period operating loss or negative cash flow combined with a history of operating losses or

negative cash flow and a projection or forecast that demonstrates continuing losses or insufficient income associated with the use of a long-lived asset or asset group. Other factors include a significant change in the manner of the use of the asset or a significant negative industry or economic trend. This evaluation is performed based on estimated undiscounted future cash flows from operating activities compared with the carrying value of the related assets. If the undiscounted future cash flows are less than the carrying value, an impairment loss is recognized, measured by the difference between the carrying value, and the estimated fair value of the assets, with such estimated fair values determined using the best information available and in accordance with FASB ASC Topic 820, Fair Value Measurements (“ASC 820”). During fiscal 2026, fiscal 2025 and fiscal 2024, the Company did not record asset impairment charges related to its stores.

Stock-Based Compensation

Stock-Based Compensation

Stock-based compensation is accounted for under FASB ASC Topic 718, Compensation—Stock Compensation (“ASC 718”). The Company accounts for all stock-based compensation transactions using a fair-value method and recognizes the fair value of each award as an expense over the service period. The Company estimates the fair value of stock options granted with service conditions using the Black-Scholes option pricing model. The use of the Black-Scholes model requires a number of estimates, including the expected option term, the expected volatility in the price of the Company’s common stock, the risk-free rate of interest and the dividend yield on the Company’s common stock. The fair value of stock options granted with both service and market vesting conditions is estimated using a Monte Carlo simulation model. The fair value of the Company’s restricted stock units and performance share units is the closing price of the Company’s common stock on the grant date. The consolidated financial statements include amounts that are based on the Company’s best estimates and judgments. The Company classifies compensation expense related to these awards in the consolidated statements of operations based on the department to which the recipient reports.
Revenue Recognition

Revenue Recognition

Revenue is recorded for store sales upon the purchase of merchandise by customers. Transfer of control takes place at the point at which the customer receives and pays for the merchandise at the register. E-commerce sales are recorded when control transfers to the customer, which generally occurs upon delivery of the product. Shipping and handling revenues are included in total net sales. Shipping costs incurred by the Company are included as cost of goods sold. Sales taxes that are collected in connection with revenue transactions are withheld and remitted to the respective taxing authorities. As such, these taxes are excluded from revenue.

Revenue is recorded net of estimated and actual sales returns and deductions for coupon redemptions, estimated future award redemption and other promotions. The sales returns reserve reflects an estimate of sales returns based on projected merchandise returns determined through the use of historical average return percentages. The total reserve for returns was $9.7 million and $8.8 million as of March 28, 2026 and March 29, 2025, respectively, and is recorded in accrued expenses and other current liabilities in the accompanying consolidated balance sheets. The Company accounts for the return asset and liability separately on a gross basis.

The Company maintains a customer loyalty program under which members accumulate points based on purchase activity. For members to maintain their active point balance, they must make a qualifying purchase of merchandise at least once in a 365-day period. Once a loyalty program member achieves a certain point level, the member earns awards that may be redeemed for credits on merchandise purchases. To redeem awards, the member must make a qualifying purchase of merchandise within 60 days of the date the award was granted. Unredeemed awards and accumulated partial points are accrued as unearned revenue until redemption or expiration and, upon redemption and expiration, recorded as an adjustment to net sales using the relative standalone selling price method. The unearned revenue for this program is recorded in accrued expenses and other current liabilities on the consolidated balance sheets

and was $7.9 million, $6.2 million, and $5.0 million as of March 28, 2026, March 29, 2025, and March 30, 2024, respectively.

The following table provides a reconciliation of the activity related to the Company’s customer loyalty program:

​

​

​

​

​

​

​

​

​

​

​

​

Customer Loyalty Program

  ​ ​ ​

Fiscal Year Ended

​

​

​

March 28,

​

March 29,

​

March 30,

​

(In thousands)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

 

Beginning balance

​

$

6,168

​

$

5,050

​

$

4,145

​

Current year provisions

​

 

26,877

​

 

20,149

​

 

17,694

​

Current year award redemptions

​

 

(25,097)

​

 

(19,031)

​

 

(16,789)

​

Ending balance

​

$

7,948

​

$

6,168

​

$

5,050

​

​

Proceeds from the sale of gift cards are deferred until the customers use the cards to acquire merchandise. Gift cards, gift certificates and store credits do not have expiration dates, and unredeemed gift cards, gift certificates and store credits are subject to state escheatment laws. Amounts remaining after escheatment are recognized in net sales in the period escheatment occurs and the liability is considered to be extinguished. Income from the redemption of gift cards and gift card breakage is included in net sales. The following table provides a reconciliation of the activity related to the Company’s gift card program:

​

​

​

​

​

​

​

​

​

​

​

Gift Card Program

  ​ ​ ​

Fiscal Year Ended

​

​

March 28,

​

March 29,

​

March 30,

(In thousands)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

Beginning balance

​

$

28,285

​

$

23,649

​

$

19,855

Current year issuances

​

 

58,675

​

 

50,180

​

 

44,193

Current year redemptions

​

 

(51,347)

​

 

(44,581)

​

 

(39,533)

Current year breakage and escheatment

​

​

(1,035)

​

​

(963)

​

​

(866)

Ending balance

​

$

34,578

​

$

28,285

​

$

23,649
Cost of Goods Sold

Cost of Goods Sold

Cost of goods sold includes the cost of merchandise, obsolescence and shrink provisions, store and distribution center occupancy costs (including rent, depreciation and utilities), inbound and outbound freight, supplier allowances, occupancy-related taxes, inventory acquisition-related costs, and compensation costs for merchandise purchasing, exclusive brand design and development, sourcing, and distribution center personnel.
Store Opening Costs

Store Opening Costs

Store opening costs consist of costs incurred prior to opening a new store and primarily consist of manager and other employee payroll, travel and training costs, marketing expenses, initial opening supplies and costs of transporting initial inventory and certain fixtures to store locations, as well as occupancy costs incurred from the time that we take possession of a store site to the opening of that store. Occupancy costs are included in cost of goods sold and the other store opening costs are included in selling, general and administrative (“SG&A”) expenses. All of these costs are expensed as incurred.
Advertising Costs

Advertising Costs

Certain advertising costs, including pay-per-click, direct mail, television and radio promotions, event sponsorship, in-store photographs and other promotional advertising are expensed when the marketing campaign commences. The Company had prepaid advertising costs of $4.9 million and $2.2 million as of March 28, 2026 and March 29, 2025, respectively. All other advertising costs are expensed as incurred. The Company recognized $62.8

million, $50.5 million, and $44.0 million in advertising costs during fiscal 2026, fiscal 2025, and fiscal 2024, respectively.
Leases

Leases

The Company accounts for leases in accordance with FASB ASC Topic 842, Leases. Operating and finance lease liabilities are recognized at the lease commencement date based on the present value of the fixed lease payments using the Company's incremental borrowing rates for its population of leases. Related operating and finance lease right-of-use (“ROU”) assets are recognized based on the initial present value of the fixed lease payments, reduced by cash payments received from landlords as lease incentives, plus any prepaid rent and other direct costs from executing the leases. Amortization of both operating and finance lease right-of-use assets is performed on a straight-line basis and recorded as part of rent expense in cost of goods sold and selling, general and administrative expenses on the consolidated statements of operations. The majority of total lease costs is recorded as part of cost of goods sold, with the balance recorded in selling, general and administrative expenses on the consolidated statements of operations. The interest expense amortization component of the finance lease liabilities is recorded within interest expense on the consolidated statements of operations.

Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Variable lease payments are recognized as lease expense as they are incurred.
Income Taxes

Income Taxes

The Company accounts for income taxes in accordance with FASB ASC Topic 740, Income Taxes (“ASC 740”), which requires the asset and liability approach for financial accounting and reporting of income taxes. Deferred tax assets and liabilities are attributable to differences between financial statement and income tax reporting. Deferred tax assets, net of any valuation allowances, represent the future tax return consequences of those differences and for operating loss and tax credit carryforwards, which will be deductible when the assets are recovered. Deferred tax assets are reduced by a valuation allowance if it is deemed more likely than not that some or all of the deferred tax assets will not be realized. In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. The Company considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment.

The Company accounts for uncertain tax positions in accordance with ASC 740, which clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements. It prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Such changes in recognition or measurement might result in the recognition of a tax benefit or an additional charge to the tax provision in the period.

The Company recognizes interest and penalties related to unrecognized tax benefits within the income tax expense line in the consolidated statements of operations. Accrued interest and penalties, if incurred, are included within accrued expenses and other current liabilities in the consolidated balance sheets. There were no accrued interest or penalties for fiscal 2026 or fiscal 2025.
Per Share Information

Per Share Information

Basic earnings per share is computed by dividing net income by the weighted average number of outstanding shares of common stock. In computing diluted earnings per share, the weighted average number of common shares outstanding is adjusted to reflect the effect of potentially dilutive securities such as stock options and restricted stock. In accordance with ASC 718, the Company utilizes the treasury stock method to compute the dilutive effect of stock options, restricted stock units and performance share units.
Fair Value of Certain Financial Assets and Liabilities

Fair Value of Certain Financial Assets and Liabilities

The Company follows ASC 820 which requires disclosure of the estimated fair value of certain assets and liabilities defined by the guidance as financial instruments. The Company’s financial instruments consist principally of cash and cash equivalents, accounts receivable, accounts payable and debt. ASC 820 defines the fair value of financial instruments as the price that would be received from the sale of an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 establishes a three-level hierarchy for disclosure that is based on the extent and level of judgment used to estimate the fair value of assets and liabilities.

●Level 1 uses unadjusted quoted prices that are available in active markets for identical assets or liabilities.
●Level 2 uses inputs other than quoted prices included in Level 1 that are either directly or indirectly observable through correlation with market data. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and inputs to valuation models or other pricing methodologies that do not require significant judgment because the inputs used in the model, such as interest rates, incremental borrowing rates and volatility, can be corroborated by readily observable market data.
●Level 3 uses one or more significant inputs that are unobservable and supported by little or no market activity, and reflect the use of significant management judgment. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques and significant management judgment or estimation. The Company’s Level 3 assets include certain acquired businesses and the evaluation of store impairment.

Cash and cash equivalents, accounts receivable and accounts payable are classified according to the lowest level input that is significant to the fair value measurement. As a result, the asset or liability could be classified as Level 2 or Level 3 even though there may be certain significant inputs that are readily observable. The Company believes that the recorded values of its financial instruments approximate their current fair values because of their nature and respective relatively short maturity dates or duration.

Although a market quote for the fair value of its outstanding debt arrangement discussed in Note 8 “Revolving credit facilities and long-term debt” is not readily available, the Company believes its carrying value approximates fair value due to the variable interest rates, which are Level 2 inputs. There were no material financial assets or liabilities requiring fair value measurements as of March 28, 2026 on a recurring basis.
Concentration of Credit Risk

Concentration of Credit Risk

Financial instruments that potentially subject the Company to credit risk consist principally of cash and cash equivalents. At times, such amounts held at banks may be in excess of Federal Deposit Insurance Corporation insurance limits, and the Company mitigates such risk by utilizing multiple banks.
Supplier Concentration Risk

Supplier Concentration Risk

The Company purchases merchandise inventories from several hundred suppliers worldwide. Sales of products from the Company’s three largest suppliers totaled approximately 25% of net sales in fiscal 2026 and fiscal 2025 and 24% of net sales in fiscal 2024.
Recent Accounting Pronouncements

Recent Accounting Pronouncements

In November 2024, the FASB issued Accounting Standards Update (“ASU”) No. 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures. This ASU requires additional disclosure of certain costs and expenses within the notes to the financial statements. The amendments in this ASU are required to be adopted for fiscal years beginning after December 15, 2026, with early adoption permitted. The amendments should be

applied either prospectively or retrospectively. The Company is currently evaluating the impact of adoption on its financial disclosures.

Recently Adopted Accounting Pronouncements

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU requires disaggregated information about an entity’s effective tax rate reconciliation, as well as information on income taxes paid. This ASU is applicable to the Company’s Annual Report on Form 10-K for fiscal 2026, and subsequent interim periods, with early application permitted. The Company adopted this ASU for its annual period ended March 28, 2026.
v3.26.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Mar. 28, 2026
Schedule of estimated useful lives The Company’s property and equipment are depreciated using the following estimated useful lives:

​

​

​

​

​

​

Useful Life

Machinery and equipment

​

3-5 years

Furniture and fixtures

​

3-7 years

Software

​

3-5 years

Vehicles

​

3-5 years

Leasehold improvements

​

1-10 years
Customer Loyalty Program  
Schedule of reconciliation of the activity related to contracts with customers

​

​

​

​

​

​

​

​

​

​

​

​

Customer Loyalty Program

  ​ ​ ​

Fiscal Year Ended

​

​

​

March 28,

​

March 29,

​

March 30,

​

(In thousands)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

 

Beginning balance

​

$

6,168

​

$

5,050

​

$

4,145

​

Current year provisions

​

 

26,877

​

 

20,149

​

 

17,694

​

Current year award redemptions

​

 

(25,097)

​

 

(19,031)

​

 

(16,789)

​

Ending balance

​

$

7,948

​

$

6,168

​

$

5,050

​
Gift Card Program  
Schedule of reconciliation of the activity related to contracts with customers

​

​

​

​

​

​

​

​

​

​

​

Gift Card Program

  ​ ​ ​

Fiscal Year Ended

​

​

March 28,

​

March 29,

​

March 30,

(In thousands)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

Beginning balance

​

$

28,285

​

$

23,649

​

$

19,855

Current year issuances

​

 

58,675

​

 

50,180

​

 

44,193

Current year redemptions

​

 

(51,347)

​

 

(44,581)

​

 

(39,533)

Current year breakage and escheatment

​

​

(1,035)

​

​

(963)

​

​

(866)

Ending balance

​

$

34,578

​

$

28,285

​

$

23,649
v3.26.1
Segment Reporting (Tables)
 12 Months Ended
Mar. 28, 2026
Segment Reporting  
Schedule of segment revenue, segment profit or loss, and significant expenses

The following table presents information about our segment revenue, segment profit or loss, and significant expenses (in thousands):

​

​

​

​

​

​

​

​

​

​

Fiscal Year Ended

​

March 28,

​

March 29,

​

March 30,

(In thousands)

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

Net Sales

$

2,253,859

​

$

1,911,104

​

$

1,667,009

Less:

​

​

​

​

​

​

​

​

Merchandise cost of goods sold1

​

1,106,636

​

​

954,476

​

​

854,128

Buying, occupancy, and distribution center expenses2

​

288,868

​

​

239,590

​

​

198,457

Gross profit

​

858,355

​

​

717,038

​

​

614,424

Selling expenses3

​

418,962

​

​

349,649

​

​

303,555

Other general and administrative expenses4

​

140,248

​

​

128,037

​

​

112,655

Income from operations

​

299,145

​

​

239,352

​

​

198,214

Other segment expenses5

​

73,265

​

​

58,410

​

​

51,218

Net income

$

225,880

​

$

180,942

​

$

146,996

1 Merchandise cost of goods sold includes the cost of merchandise, inbound and outbound freight, obsolescence and shrinkage provisions, supplier allowances, and inventory acquisition-related costs.

2 Buying, occupancy, and distribution center expenses include store and distribution center occupancy costs (including rent, depreciation and utilities), occupancy-related taxes, and compensation costs for merchandise purchasing, exclusive brand design and development, sourcing and distribution center personnel. For consolidated depreciation expense see Note 5: Property and Equipment, Net.

3 Selling expenses include all store-level salaries and hourly labor costs, store overhead, and other operating costs, including advertising, pay-per-click, marketing campaigns, operating supplies, repairs and maintenance, credit card fees and costs of third-party services.

4 Includes corporate compensation and benefits, travel expenses, corporate occupancy costs, stock compensation costs, legal and professional fees, insurance, and other related corporate costs.

5 Includes interest expense, other income, and income tax expense.
Schedule of disaggregated revenue

The Company disaggregates net sales into the following major merchandise categories:

​

​

​

​

​

​

​

​

​

  ​ ​ ​

​

Fiscal Year Ended

% of Net Sales

  ​ ​ ​

​

March 28, 2026

​

March 29, 2025

​

March 30, 2024

Footwear

  ​ ​ ​

​

46%

​

47%

​

47%

Apparel

​

​

37%

​

37%

​

36%

Hats, accessories and other

​

​

17%

​

16%

​

17%

Total

​

​

100%

​

100%

​

100%

The Company also disaggregates net sales between stores and e-commerce:

​

​

​

​

​

​

​

​

​

  ​ ​ ​

​

Fiscal Year Ended

% of Net Sales

  ​ ​ ​

​

March 28, 2026

​

March 29, 2025

​

March 30, 2024

Stores

  ​ ​ ​

​

90%

​

90%

​

89%

E-commerce

​

​

10%

​

10%

​

11%

Total

​

​

100%

​

100%

​

100%
v3.26.1
Prepaid Expenses and Other Current Assets (Tables)
 12 Months Ended
Mar. 28, 2026
Prepaid Expenses and Other Current Assets  
Schedule of prepaid expenses and other current assets

Prepaid expenses and other current assets consisted of the following (in thousands):

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 28,

  ​ ​ ​

March 29,

 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

 

Prepaid advertising

​

$

4,935

​

$

2,223

​

Prepaid insurance

​

 

2,942

​

 

2,616

​

Income tax receivable

​

 

8,158

​

 

8,401

​

Returns allowance

​

​

4,283

​

​

3,948

​

Prepaid merchandise

​

​

6,009

​

​

12,000

​

Other

​

 

7,135

​

 

7,548

​

Total prepaid expenses and other current assets

​

$

33,462

​

$

36,736

​

​
v3.26.1
Property and Equipment, Net (Tables)
 12 Months Ended
Mar. 28, 2026
Property and Equipment, Net  
Schedule of property and equipment, net

Property and equipment, net, consisted of the following (in thousands):

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 28,

  ​ ​ ​

March 29,

 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

 

Leasehold improvements

​

$

377,211

​

$

279,683

​

Machinery and equipment

​

 

109,932

​

 

86,812

​

Furniture and fixtures

​

 

288,243

​

 

232,842

​

Construction in progress

​

 

53,046

​

 

65,280

​

Vehicles

​

 

4,942

​

 

3,936

​

​

​

 

833,374

​

 

668,553

​

Less: Accumulated depreciation

​

 

(319,266)

​

 

(246,474)

​

Property and equipment, net

​

$

514,108

​

$

422,079

​
v3.26.1
Accrued Expenses and Other Current Liabilities (Tables)
 12 Months Ended
Mar. 28, 2026
Accrued Expenses and Other Current Liabilities  
Schedule of accrued expenses and other current liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 28,

  ​ ​ ​

March 29,

 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

 

Accrued compensation

​

$

35,565

​

$

33,188

​

Deferred revenue

​

 

37,314

​

 

30,718

​

Sales tax liability

​

 

18,381

​

 

16,044

​

Accrued occupancy expense

​

​

5,962

​

​

4,695

​

Accrued interest

​

 

167

​

 

158

​

Sales reward redemption liability

​

 

7,948

​

 

6,168

​

Accrued expenses

​

​

22,208

​

​

18,613

​

Accrued property and equipment

​

​

13,685

​

​

22,402

​

Sales returns reserve

​

​

9,681

​

​

8,786

​

Other

​

 

8,192

​

 

5,266

​

Total accrued expenses and other current liabilities

​

$

159,103

​

$

146,038

​

​
v3.26.1
Share Repurchase Program (Tables)
 12 Months Ended
Mar. 28, 2026
Share Repurchase Program  
Schedule of share repurchase activity

A summary of share repurchase activity is presented in the following table:

​

​

​

​

Fiscal Year Ended

​

March 28,

(dollars in thousands)

2026

Shares repurchased

​

286,504

Total cost of shares repurchased (excluding excise tax)

$

50,006
v3.26.1
Stock-Based Compensation (Tables)
 12 Months Ended
Mar. 28, 2026
Stock-Based Compensation  
Schedule of stock option activity

The following table summarizes the stock option award activity for the fiscal year ended March 28, 2026:

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

​

  ​ ​ ​

​

​

  ​ ​ ​

Weighted

  ​ ​ ​

​

​

 

​

​

​

​

Grant Date

​

Average

​

​

​

 

​

​

​

​

Weighted

​

Remaining

​

Aggregate

 

​

​

Stock

​

Average

​

Contractual

​

Intrinsic

 

​

  ​ ​ ​

Options

  ​ ​ ​

Exercise Price

  ​ ​ ​

Life (in Years)

  ​ ​ ​

Value (1)

 

​

​

​

​

​

​

​

​

​

(in thousands)

​

Outstanding at March 29, 2025

 

124,438

​

$

24.26

​

​

​

​

​

​

Granted

 

—

​

$

—

​

​

​

​

​

​

Exercised

​

(17,421)

​

$

24.31

​

​

​

$

2,816

​

Cancelled, forfeited or expired

 

(299)

​

$

23.92

​

​

​

​

​

​

Outstanding at March 28, 2026

 

106,718

​

$

24.26

 

3.4

​

$

13,337

​

Vested and expected to vest after March 28, 2026

 

106,718

​

$

24.26

 

3.4

​

$

13,337

​

Exercisable at March 28, 2026

 

106,718

​

$

24.26

 

3.4

​

$

13,337

​

(1)Intrinsic value for stock options is defined as the difference between the market price of the Company’s common stock on the last business day of the fiscal year and the weighted average exercise price of the in-the-money stock options outstanding at the end of each fiscal period.
Schedule of non-vested RSUs

A summary of the status of non-vested RSUs as of March 28, 2026 and changes during fiscal 2026 is presented below:

​

​

​

​

​

​

​

​

​

​

Weighted-

​

​

​

​

Average

​

​

​

​

Grant Date

​

  ​ ​ ​

Shares

  ​ ​ ​

Fair Value

Non-vested awards outstanding at March 29, 2025

 

172,191

​

$

93.10

Granted

 

83,186

​

$

158.13

Vested

​

(88,109)

​

$

87.28

Forfeited

 

(6,706)

​

$

122.41

Non-vested awards outstanding at March 28, 2026

 

160,562

​

$

128.94
Schedule of non-vested PSUs

A summary of the status of non-vested PSUs as of March 28, 2026 and changes during fiscal 2026 is presented below:

​

​

​

​

​

​

​

​

​

​

Weighted-

​

​

​

​

Average

​

​

​

​

Grant Date

​

  ​ ​ ​

Shares

  ​ ​ ​

Fair Value

Non-vested awards outstanding at March 29, 2025

 

139,070

​

$

82.98

Granted

 

46,231

​

$

156.71

Target Award Adjustment(1)

​

(33,694)

​

$

86.96

Vested

​

—

​

$

—

Forfeited

 

(8,566)

​

$

96.56

Non-vested awards outstanding at March 28, 2026

 

143,041

​

$

105.06

(1)Represents the adjustment to reflect the number of PSUs ultimately earned based on achievement of performance metrics.
Schedule of stock-based compensation expense by award-type

A summary of stock-based compensation expense by award-type is presented below:

​

​

​

​

​

​

​

​

​

​

​

Fiscal Year Ended

​

March 28,

​

March 29,

​

March 30,

(in thousands)

2026

  ​ ​ ​

2025(1)

  ​ ​ ​

2024

Stock options

$

-

​

$

(2,436)

​

$

1,817

Restricted stock units

​

8,573

​

​

7,991

​

​

7,203

Performance share units

​

7,530

​

​

5,422

​

​

3,915

Total stock-based compensation expense, before tax

​

16,103

​

​

10,977

​

​

12,935

Income tax benefit

​

(2,832)

​

​

(3,654)

​

​

(2,686)

Total stock-based-compensation expense, after tax

$

13,271

​

$

7,323

​

$

10,249

(1)During fiscal 2025, the Company’s former Chief Executive Officer (“CEO”) resigned and forfeited all of his unvested equity awards. This resulted in a net reversal of stock-based compensation expense of $6.0 million associated with the former CEO’s unvested equity awards during fiscal 2025.
Schedule of of unamortized stock-based compensation expense and the weighted-average remaining recognition period

A summary of unamortized stock-based compensation expense and the weighted-average remaining recognition period of awards granted under the Company’s stock-based compensation plans as of March 28, 2026 is presented below:

​

​

​

​

(in thousands, except for periods)

​

March 28, 2026

RSUs

​

​

​

Unamortized compensation expense for RSUs

​

$

11,071

Weighted-average remaining recognition period (in years)

​

 

1.82

​

​

​

​

PSUs

​

​

​

Unamortized compensation expense for PSUs

​

$

11,125

Weighted-average remaining recognition period (in years)

​

 

1.92

​
v3.26.1
Leases (Tables)
 12 Months Ended
Mar. 28, 2026
Leases  
Schedule of ROU assets and liabilities

ROU assets and lease liabilities as of March 28, 2026 and March 29, 2025 consisted of the following (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

Balance Sheet Classification

​

March 28, 2026

​

March 29, 2025

Assets

​

​

​

​

​

​

​

​

Finance

​

Right-of-use assets, net

​

$

7,042

​

$

7,789

Operating

​

Right-of-use assets, net

​

 

631,383

​

 

461,672

Total lease assets

​

​

​

$

638,425

​

$

469,461

​

​

​

​

​

​

​

​

​

Liabilities

​

​

​

 

​

​

 

​

Current

​

​

​

​

​

​

​

​

Finance

​

Short-term lease liabilities

​

$

1,027

​

$

948

Operating

​

Short-term lease liabilities

​

​

88,716

​

​

71,913

Total short-term lease liabilities

​

​

​

$

89,743

​

$

72,861

​

​

​

​

​

​

​

​

​

Non-Current

​

​

​

​

​

​

​

​

Finance

​

Long-term lease liabilities

​

$

12,453

​

$

13,480

Operating

​

Long-term lease liabilities

​

​

671,284

​

​

476,702

Total long-term lease liabilities

​

​

​

$

683,737

​

$

490,182

Total lease liabilities

​

​

​

$

773,480

​

$

563,043
Schedule of total lease cost

​

​

​

​

​

​

​

​

​

​

​

​

Balance Sheet Classification

​

March 28, 2026

​

March 29, 2025

Assets

​

​

​

​

​

​

​

​

Finance

​

Right-of-use assets, net

​

$

7,042

​

$

7,789

Operating

​

Right-of-use assets, net

​

 

631,383

​

 

461,672

Total lease assets

​

​

​

$

638,425

​

$

469,461

​

​

​

​

​

​

​

​

​

Liabilities

​

​

​

 

​

​

 

​

Current

​

​

​

​

​

​

​

​

Finance

​

Short-term lease liabilities

​

$

1,027

​

$

948

Operating

​

Short-term lease liabilities

​

​

88,716

​

​

71,913

Total short-term lease liabilities

​

​

​

$

89,743

​

$

72,861

​

​

​

​

​

​

​

​

​

Non-Current

​

​

​

​

​

​

​

​

Finance

​

Long-term lease liabilities

​

$

12,453

​

$

13,480

Operating

​

Long-term lease liabilities

​

​

671,284

​

​

476,702

Total long-term lease liabilities

​

​

​

$

683,737

​

$

490,182

Total lease liabilities

​

​

​

$

773,480

​

$

563,043
Schedule of future operating lease payments

The following table summarizes future lease payments as of March 28, 2026:

​

​

​

​

​

​

​

​

​

Operating Leases

​

Finance Leases

Fiscal Year

​

(in thousands)

​

(in thousands)

2027

​

$

107,488

​

$

1,590

2028

​

 

132,344

​

 

1,629

2029

​

 

125,558

​

 

1,669

2030

​

​

117,566

​

​

1,709

2031

​

​

108,955

​

​

1,751

Thereafter

​

 

358,534

​

 

7,766

Total

​

​

950,445

​

​

16,114

Less: Imputed interest

​

​

(190,445)

​

​

(2,634)

Present value of net lease payments

​

$

760,000

​

$

13,480
Schedule of future finance lease payments

The following table summarizes future lease payments as of March 28, 2026:

​

​

​

​

​

​

​

​

​

Operating Leases

​

Finance Leases

Fiscal Year

​

(in thousands)

​

(in thousands)

2027

​

$

107,488

​

$

1,590

2028

​

 

132,344

​

 

1,629

2029

​

 

125,558

​

 

1,669

2030

​

​

117,566

​

​

1,709

2031

​

​

108,955

​

​

1,751

Thereafter

​

 

358,534

​

 

7,766

Total

​

​

950,445

​

​

16,114

Less: Imputed interest

​

​

(190,445)

​

​

(2,634)

Present value of net lease payments

​

$

760,000

​

$

13,480

​
Schedule of supplemental lease information

The following table includes supplemental lease information:

​

​

​

​

​

​

​

​

​

​

Fiscal Year Ended

​

Supplemental Cash Flow Information (dollars in thousands)

​

March 28, 2026

​

March 29, 2025

​

Cash paid for amounts included in the measurement of lease liabilities

​

​

​

​

​

​

​

Operating cash flows from operating leases

​

$

128,628

​

$

99,782

​

Operating cash flows from finance leases

​

 

585

​

 

624

​

Financing cash flows from finance leases

​

​

967

​

​

891

​

​

​

$

130,180

​

$

101,297

​

Lease liabilities arising from new right-of-use assets

​

​

​

​

​

​

​

Operating leases

​

$

247,258

​

$

145,954

​

Finance leases

​

$

—

​

$

—

​

​

​

​

​

​

​

​

​

Weighted average remaining lease term (in years)

​

​

​

​

​

​

​

Operating leases

​

​

7.9

​

​

7.8

​

Finance leases

​

​

9.4

​

​

10.4

​

​

​

​

​

​

​

​

​

Weighted average discount rate

​

​

​

​

​

​

​

Operating leases

​

​

5.4

%

​

5.2

%

Finance leases

​

​

10.9

%

​

10.9

%

​
v3.26.1
Income Taxes (Tables)
 12 Months Ended
Mar. 28, 2026
Income Taxes  
Schedule of income tax expense (benefit)

Income tax expense consisted of the following:

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Fiscal Year Ended

​

​

​

March 28,

​

March 29,

​

March 30,

​

(in thousands)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

 

Current:

​

​

​

​

​

​

​

​

​

​

Federal

​

$

47,567

​

$

49,527

​

$

32,160

​

State

​

 

14,748

​

 

12,365

​

 

9,442

​

Foreign

​

​

—

​

​

—

​

​

—

​

Total current

​

 

62,315

​

 

61,892

​

 

41,602

​

Deferred:

​

​

​

​

​

​

​

​

​

​

Federal

​

 

13,116

​

 

(2,607)

​

 

5,774

​

State

​

 

(722)

​

 

(110)

​

 

3,000

​

Foreign

​

​

—

​

​

—

​

​

—

​

Total deferred

​

 

12,394

​

 

(2,717)

​

 

8,774

​

Total income tax expense

​

$

74,709

​

$

59,175

​

$

50,376

​
Schedule of reconciliation between the Company's effective tax rate on income from operations and the statutory tax rate

The reconciliation between the Company’s effective tax rate on income from operations and the statutory tax rate is as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fiscal Year Ended

​

March 28,

​

March 29,

​

March 30,

(dollars in thousands)

2026

​

2025

​

2024

Income taxes at statutory federal rate

$

63,124

​

21.0

%  

​

$

50,424

​

21.0

%  

​

$

41,448

​

21.0

%  

State and local taxes, net of federal income tax effect (1)

 

11,082

​

3.7

​

​

 

9,681

​

4.0

​

​

 

9,759

​

4.9

​

Foreign tax effects

 

—

​

—

​

​

 

—

​

—

​

​

 

—

​

—

​

Tax credits

 

(727)

​

(0.2)

​

​

 

(788)

​

(0.3)

​

​

 

(297)

​

(0.2)

​

Nontaxable or nondeductible items

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Excess tax benefit of stock-based compensation

 

(1,428)

​

(0.5)

​

​

 

(1,502)

​

(0.6)

​

​

 

(1,387)

​

(0.7)

​

IRC Section 162(m)

​

1,755

​

0.6

​

​

​

1,000

​

0.4

​

​

​

1,484

​

0.8

​

Other

​

422

​

0.1

​

​

​

298

​

0.1

​

​

​

270

​

0.1

​

Other adjustments

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other

​

481

​

0.2

​

​

​

62

​

—

​

​

​

(901)

​

(0.5)

​

Provision for income taxes

$

74,709

​

24.9

%  

​

$

59,175

​

24.6

%  

​

$

50,376

​

25.4

%  

​

(1)For each respective fiscal year, state taxes in the following states contributed to the majority of the tax effect in this category:

2026: California, Texas, Tennessee, and Arizona

2025: California, Kansas, and Texas

2024: California, Tennessee, and Texas
Schedule of cash paid for income taxes

The amount of cash paid for income taxes by the Company, net of refunds, is as follows:

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Fiscal Year Ended

​

​

March 28,

​

March 29,

​

March 30,

(in thousands)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

Federal

​

$

47,000

​

$

49,000

​

$

43,790

State

​

 

​

​

 

​

​

 

​

California

​

​

5,873

​

​

4,458

​

​

6,955

Other states

​

​

9,161

​

​

6,471

​

​

6,412

Foreign

​

​

—

​

​

—

​

​

—

Total

​

$

62,034

​

$

59,929

​

$

57,157
Schedule of significant components of the Company's net deferred tax assets (liabilities)

Deferred taxes reflect the net tax effects of the temporary differences between the carrying amount of assets and liabilities for financial reporting and the amount used for income tax purposes. Significant components of the Company’s net deferred tax liabilities as of March 28, 2026 and March 29, 2025 consisted of the following (in thousands):

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 28

  ​ ​ ​

March 29,

 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

 

Deferred tax assets:

​

​

​

​

​

​

​

State taxes

​

$

1,433

​

$

1,150

​

Accrued liabilities

​

 

3,856

​

 

2,698

​

Award program liabilities

​

 

977

​

 

765

​

Deferred revenue

​

 

4,417

​

 

3,610

​

Inventories

​

 

9,684

​

 

8,265

​

Stock options

​

 

3,922

​

 

3,034

​

Lease liabilities

​

​

187,837

​

​

135,892

​

Other, net

​

 

3,546

​

 

2,668

​

Total deferred tax assets

​

 

215,672

​

 

158,082

​

Deferred tax liabilities:

​

​

​

​

​

​

​

Depreciation and amortization

​

 

(107,758)

​

 

(80,532)

​

Prepaid expenses

​

 

(1,956)

​

 

(887)

​

Right-of-use assets

​

​

(157,669)

​

​

(115,980)

​

Total deferred tax liabilities

​

 

(267,383)

​

 

(197,399)

​

Valuation allowance

​

​

—

​

​

—

​

Net deferred tax liabilities

​

$

(51,711)

​

$

(39,317)

​
v3.26.1
Earnings Per Share (Tables)
 12 Months Ended
Mar. 28, 2026
Earnings Per Share  
Schedule of the components of basic and diluted (loss)/earnings per share of common stock

The components of basic and diluted earnings per share of common stock, in aggregate, for fiscal 2026, fiscal 2025, and fiscal 2024 are as follows:

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Fiscal Year Ended

​

​

March 28,

​

March 29,

​

March 30,

(in thousands, except per share data)

 

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

Net income

​

$

225,880

​

$

180,942

​

$

146,996

​

​

​

​

​

​

​

​

​

​

Weighted average basic shares outstanding

​

 

30,505

​

 

30,524

​

 

30,167

Dilutive effect of options and restricted stock

​

 

230

​

 

249

​

 

444

Weighted average diluted shares outstanding

​

 

30,735

​

 

30,773

​

 

30,611

​

​

​

​

​

​

​

​

​

​

Basic earnings per share

​

$

7.40

​

$

5.93

​

$

4.87

Diluted earnings per share

​

$

7.35

​

$

5.88

​

$

4.80
v3.26.1
Business Operations (Details)
 12 Months Ended
Mar. 28, 2026
Vote
state
store
shares
Mar. 29, 2025
state
store
shares
Mar. 30, 2024
state
store
Business Operations      
Number of shares authorized 100,000,000 100,000,000  
Number of shares issued 30,998,000 30,892,000  
Number of shares outstanding 30,384,141 30,594,094  
Number of votes per common share | Vote 1    
Number of stores | store 539 459 400
Number of states in which the Company operates | state 49 49 45
Fiscal Year      
Fiscal year period 364 days 364 days 364 days
v3.26.1
Summary of Significant Accounting Policies - Reporting Segment and Accounts Receivable (Details)
$ in Millions
 12 Months Ended
Mar. 28, 2026
USD ($)
item
segment
Mar. 29, 2025
USD ($)
Segment Reporting    
Operating segments 1  
Reportable segments 1  
Number of reporting units | item 1  
Accounts Receivable    
Allowance for credit losses | $ $ 0.7 $ 0.6
v3.26.1
Summary of Significant Accounting Policies - Useful Lives of Property and Equipment (Details)
Mar. 28, 2026
Minimum  
Property and Equipment, Net  
Useful life 1 year
Maximum  
Property and Equipment, Net  
Useful life 10 years
Machinery and equipment | Minimum  
Property and Equipment, Net  
Useful life 3 years
Machinery and equipment | Maximum  
Property and Equipment, Net  
Useful life 5 years
Furniture and fixtures | Minimum  
Property and Equipment, Net  
Useful life 3 years
Furniture and fixtures | Maximum  
Property and Equipment, Net  
Useful life 7 years
Software | Minimum  
Property and Equipment, Net  
Useful life 3 years
Software | Maximum  
Property and Equipment, Net  
Useful life 5 years
Vehicles | Minimum  
Property and Equipment, Net  
Useful life 3 years
Vehicles | Maximum  
Property and Equipment, Net  
Useful life 5 years
Leasehold improvements | Minimum  
Property and Equipment, Net  
Useful life 1 year
Leasehold improvements | Maximum  
Property and Equipment, Net  
Useful life 10 years
v3.26.1
Summary of Significant Accounting Policies - Goodwill and Indefinite Lived Intangible Assets (Details)
$ in Millions
 12 Months Ended
Mar. 28, 2026
USD ($)
item
Mar. 29, 2025
USD ($)
Mar. 30, 2024
USD ($)
Definite-Lived Intangible Assets      
Useful life   5 years  
Goodwill and Indefinite-Lived Intangible Assets      
Number of reporting units | item 1    
Goodwill impairment $ 0.0 $ 0.0 $ 0.0
Impairment of indefinite-lived intangible assets, excluding goodwill 0.0 0.0  
Long-Lived Assets      
Asset impairment charges $ 0.0 $ 0.0 0.0
Sheplers | Trademarks      
Goodwill and Indefinite-Lived Intangible Assets      
Impairment of indefinite-lived intangible assets, excluding goodwill     $ 2.0
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]     Selling, General and Administrative Expense
v3.26.1
Summary of Significant Accounting Policies - Sales Returns Reserve (Details) - USD ($)
$ in Thousands
Mar. 28, 2026
Mar. 29, 2025
Sales Returns Reserve    
Unearned revenue $ 37,314 $ 30,718
Allowance for Sales Returns    
Sales Returns Reserve    
Unearned revenue $ 9,700 $ 8,800
v3.26.1
Summary of Significant Accounting Policies - Customer Loyalty Program (Details) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Customer Loyalty Program      
Unearned revenue $ 37,314 $ 30,718  
Reconciliation of Activity in Program      
Beginning balance 30,718    
Ending balance $ 37,314 30,718  
Customer Loyalty Program      
Customer Loyalty Program      
Number of days from award grant date in which the customer has to make a qualifying purchase to redeem the awards 60 days    
Unearned revenue $ 7,948 6,168 $ 5,050
Reconciliation of Activity in Program      
Beginning balance 6,168 5,050 4,145
Year-to-date provisions 26,877 20,149 17,694
Year-to-date award redemptions (25,097) (19,031) (16,789)
Ending balance $ 7,948 $ 6,168 $ 5,050
v3.26.1
Summary of Significant Accounting Policies - Gift Card Program (Details) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Reconciliation of Activity in Program      
Beginning balance $ 30,718    
Ending balance 37,314 $ 30,718  
Gift Card Program      
Reconciliation of Activity in Program      
Beginning balance 28,285 23,649 $ 19,855
Year-to-date issued 58,675 50,180 44,193
Year-to-date redemptions (51,347) (44,581) (39,533)
Current year breakage and escheatment (1,035) (963) (866)
Ending balance $ 34,578 $ 28,285 $ 23,649
v3.26.1
Summary of Significant Accounting Policies - Additional Disclosures (Details)
$ in Thousands
 12 Months Ended
Mar. 28, 2026
USD ($)
item
Mar. 29, 2025
USD ($)
item
Mar. 30, 2024
USD ($)
item
Advertising Costs      
Prepaid advertising $ 4,935 $ 2,223  
Advertising expense 62,800 50,500 $ 44,000
Income Taxes      
Accrued interest and penalties 0 $ 0  
Fair Value of Certain Financial Assets and Liabilities      
Financial assets requiring fair value measurements on a recurring basis 0    
Financial liabilities requiring fair value measurements on a recurring basis $ 0    
Supplier Concentration Risk | Sales from Suppliers | Three Largest Suppliers      
Supplier Concentration Risk      
Number of largest suppliers | item 3 3 3
Concentration risk percentage 25.00% 24.00% 24.00%
v3.26.1
Segment Reporting - Segment Information (Details)
$ in Thousands
 12 Months Ended
Mar. 28, 2026
USD ($)
segment
Mar. 29, 2025
USD ($)
Mar. 30, 2024
USD ($)
Segment Reporting      
Operating segments | segment 1    
Reportable segments | segment 1    
Segment revenue, segment profit or loss, and significant expenses      
Net sales $ 2,253,859 $ 1,911,104 $ 1,667,009
Type of Revenue us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Less:      
Gross Profit $ 858,355 $ 717,038 $ 614,424
Income from operations 299,145 239,352 198,214
Net income 225,880 180,942 146,996
Consolidated depreciation expense 78,654 62,462 49,531
Company's One Reportable Operating Segment      
Segment revenue, segment profit or loss, and significant expenses      
Net sales $ 2,253,859 $ 1,911,104 $ 1,667,009
Type of Revenue us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Less:      
Merchandise cost of goods sold $ 1,106,636 $ 954,476 $ 854,128
Buying, occupancy, and distribution center expenses 288,868 239,590 198,457
Gross Profit 858,355 717,038 614,424
Selling expenses 418,962 349,649 303,555
Other general and administrative expenses 140,248 128,037 112,655
Income from operations 299,145 239,352 198,214
Other segment expenses 73,265 58,410 51,218
Net income $ 225,880 $ 180,942 $ 146,996
v3.26.1
Segment Reporting - Disaggregated Revenue (Details)
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Disaggregation Of Revenue      
Net sales percentage 100.00% 100.00% 100.00%
Stores      
Disaggregation Of Revenue      
Net sales percentage 90.00% 90.00% 89.00%
E-commerce      
Disaggregation Of Revenue      
Net sales percentage 10.00% 10.00% 11.00%
Footwear      
Disaggregation Of Revenue      
Net sales percentage 46.00% 47.00% 47.00%
Apparel      
Disaggregation Of Revenue      
Net sales percentage 37.00% 37.00% 36.00%
Hats, accessories and other      
Disaggregation Of Revenue      
Net sales percentage 17.00% 16.00% 17.00%
v3.26.1
Segment Reporting - Geographic Information (Details)
 12 Months Ended
Mar. 28, 2026
Revenue | Geographic Concentration | Customers Outside the United States  
Geographic Information  
Percentage of net sales 0.30%
v3.26.1
Prepaid Expenses and Other Current Assets (Details) - USD ($)
$ in Thousands
Mar. 28, 2026
Mar. 29, 2025
Prepaid Expenses and Other Current Assets    
Prepaid advertising $ 4,935 $ 2,223
Prepaid insurance 2,942 2,616
Income tax receivable 8,158 8,401
Returns allowance 4,283 3,948
Prepaid merchandise 6,009 12,000
Other 7,135 7,548
Total prepaid expenses and other current assets $ 33,462 $ 36,736
v3.26.1
Property and Equipment, Net (Details) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Property and Equipment, Net      
Property and equipment, gross $ 833,374 $ 668,553  
Less: Accumulated depreciation (319,266) (246,474)  
Property and equipment, net 514,108 422,079  
Depreciation 78,654 62,462 $ 49,531
Leasehold improvements      
Property and Equipment, Net      
Property and equipment, gross 377,211 279,683  
Machinery and equipment      
Property and Equipment, Net      
Property and equipment, gross 109,932 86,812  
Furniture and fixtures      
Property and Equipment, Net      
Property and equipment, gross 288,243 232,842  
Construction in progress      
Property and Equipment, Net      
Property and equipment, gross 53,046 65,280  
Vehicles      
Property and Equipment, Net      
Property and equipment, gross $ 4,942 $ 3,936  
v3.26.1
Goodwill and Intangible Assets, Net (Details) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Goodwill and Intangible Assets, Net      
Goodwill $ 197,502 $ 197,502  
Changes to the carrying amount of goodwill during the year 0 0 $ 0
Indefinite-lived intangible assets 59,000 58,700  
Amortization of intangible assets   20 54
Impairment of indefinite-lived intangible assets, excluding goodwill 0 0  
Sheplers | Trademarks      
Goodwill and Intangible Assets, Net      
Indefinite-lived intangible assets $ 7,200    
Impairment of indefinite-lived intangible assets, excluding goodwill     $ 2,000
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]     Selling, General and Administrative Expense
Maximum      
Goodwill and Intangible Assets, Net      
Amortization of intangible assets   $ 100 $ 100
v3.26.1
Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Thousands
Mar. 28, 2026
Mar. 29, 2025
Accrued Expenses and Other Current Liabilities    
Accrued compensation $ 35,565 $ 33,188
Deferred revenue 37,314 30,718
Sales tax liability 18,381 16,044
Accrued occupancy expense 5,962 4,695
Accrued interest 167 158
Sales reward redemption liability 7,948 6,168
Accrued expenses 22,208 18,613
Accrued property and equipment 13,685 22,402
Sales returns reserve 9,681 8,786
Other 8,192 5,266
Total accrued expenses and other current liabilities $ 159,103 $ 146,038
v3.26.1
Revolving Credit Facility and Long-Term Debt (Details) - USD ($)
$ in Millions
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Wells Fargo Bank letters of credit      
Revolving credit facility and long-term debt      
Borrowing capacity $ 10.0    
Amount outstanding 4.0 $ 2.9  
Wells Fargo Revolver      
Revolving credit facility and long-term debt      
Borrowing capacity $ 250.0    
Commitment fee on unused capacity (as a percentage) 0.25%    
Amount outstanding $ 0.0 0.0  
Interest expense $ 0.8 $ 0.8 $ 1.7
Weighted average interest rate (as a percent) 6.90% 7.80% 7.00%
Additional interest rate required if certain triggering events come into existence (as a percent) 2.00%    
Deferred loan fees $ 1.7    
Unamortized value of the debt issuance costs and debt discount 0.1 $ 0.2  
Wells Fargo Revolver | Interest expense      
Revolving credit facility and long-term debt      
Amortization of deferred loan fees $ 0.1 $ 0.1 $ 0.1
Wells Fargo Revolver | Minimum      
Revolving credit facility and long-term debt      
Consolidated fixed charge coverage ratio 1    
Wells Fargo Revolver | SOFR      
Revolving credit facility and long-term debt      
Basis margin (as a percent) 0.10%    
Wells Fargo Revolver | SOFR | Minimum      
Revolving credit facility and long-term debt      
Basis margin (as a percent) 1.00%    
Wells Fargo Revolver | SOFR | Maximum      
Revolving credit facility and long-term debt      
Basis margin (as a percent) 1.25%    
Wells Fargo Revolver | Base rate | Minimum      
Revolving credit facility and long-term debt      
Basis margin (as a percent) 0.00%    
Wells Fargo Revolver | Base rate | Maximum      
Revolving credit facility and long-term debt      
Basis margin (as a percent) 0.25%    
Wells Fargo Revolver | Federal funds rate      
Revolving credit facility and long-term debt      
Basis margin (as a percent) 0.50%    
Wells Fargo Revolver | Adjusted Term SOFR      
Revolving credit facility and long-term debt      
Basis margin (as a percent) 1.00%    
v3.26.1
Share Repurchase Program (Details) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 28, 2026
May 24, 2025
Stock Repurchases    
Total cost of shares repurchased (excluding excise tax) $ 50,006  
Repurchase Program    
Stock Repurchases    
Authorized repurchase amount   $ 200,000
Shares repurchased (in shares) 286,504  
Total cost of shares repurchased (excluding excise tax) $ 50,006  
v3.26.1
Stock-Based Compensation - Narrative (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Aug. 26, 2020
Oct. 19, 2014
Stock-Based Compensation          
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001      
Stock options granted 0 0 0    
Stock-based compensation expense $ 16,103 $ 10,977 $ 12,935    
Tax benefit from shares exercised 2,832 3,654 2,686    
Cost of goods sold          
Stock-Based Compensation          
Stock-based compensation expense $ 3,600 4,300 2,400    
CEO          
Stock-Based Compensation          
Stock-based compensation expense   (6,000)      
Employee Stock Option          
Stock-Based Compensation          
Stock-based compensation expense   (2,436) 1,817    
Stock options exercised (in shares) 17,421        
Tax benefit from shares exercised $ 700 700 1,200    
Restricted Stock Units          
Stock-Based Compensation          
Stock-based compensation expense $ 8,573 7,991 7,203    
Restricted Stock Units | Minimum          
Stock-Based Compensation          
Vesting period 1 year        
Restricted Stock Units | Maximum          
Stock-Based Compensation          
Vesting period 3 years        
Performance share units          
Stock-Based Compensation          
Stock-based compensation expense $ 7,530 $ 5,422 $ 3,915    
Performance share units | Minimum          
Stock-Based Compensation          
Vesting percentage 0.00%        
Performance share units | Maximum          
Stock-Based Compensation          
Vesting percentage 200.00%        
Performance share units | Below Threshold          
Stock-Based Compensation          
Vesting percentage 0.00%        
Performance share units | Threshold          
Stock-Based Compensation          
Vesting percentage 50.00%        
Performance share units | Target          
Stock-Based Compensation          
Vesting percentage 100.00%        
Performance share units | Maximum Level          
Stock-Based Compensation          
Vesting percentage 200.00%        
2014 Plan          
Stock-Based Compensation          
Shares authorized         3,600,000
Common stock, par value (in dollars per share)         $ 0.0001
2014 Plan | Employee Stock Option | Minimum          
Stock-Based Compensation          
Expiration period 8 years        
Vesting period 4 years        
2014 Plan | Employee Stock Option | Maximum          
Stock-Based Compensation          
Expiration period 10 years        
Vesting period 5 years        
2014 Plan | Restricted Stock Units | Minimum          
Stock-Based Compensation          
Vesting period 1 year        
2014 Plan | Restricted Stock Units | Maximum          
Stock-Based Compensation          
Vesting period 4 years        
2014 Plan | Restricted Stock Units | Tranche One          
Stock-Based Compensation          
Vesting period 1 year        
2014 Plan | Restricted Stock Units | Tranche Two          
Stock-Based Compensation          
Vesting period 4 years        
2014 Plan | Restricted Stock Units | Tranche Three          
Stock-Based Compensation          
Vesting period 5 years        
2020 Plan          
Stock-Based Compensation          
Shares authorized       2,000,000  
Common stock, par value (in dollars per share)       $ 0.0001  
2020 Plan | Restricted Stock Units          
Stock-Based Compensation          
Total fair value of vested shares $ 13,300        
Restricted stock or performance share units granted 83,186 109,013 132,713    
Restricted stock or performance share units granted fair value $ 13,200 $ 12,500 $ 8,600    
2020 Plan | Restricted Stock Units | Minimum          
Stock-Based Compensation          
Vesting period 1 year        
2020 Plan | Restricted Stock Units | Maximum          
Stock-Based Compensation          
Vesting period 4 years        
2020 Plan | Performance share units          
Stock-Based Compensation          
Vesting period 3 years        
Restricted stock or performance share units granted 46,231 61,530 112,740    
Restricted stock or performance share units granted fair value $ 7,200 $ 6,900 $ 7,300    
v3.26.1
Stock-Based Compensation - Stock Options and Significant Valuation Assumptions (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Stock Options      
Granted 0 0 0
Employee Stock Option      
Stock Options      
Outstanding at the beginning of period 124,438    
Exercised (17,421)    
Canceled, forfeited, or expired (299)    
Outstanding at the end of period 106,718 124,438  
Vested and expected to vest after end of period 106,718    
Exercisable at end of period 106,718    
Grant Date Weighted-Average Exercise Price      
Outstanding at the beginning of period $ 24.26    
Exercise price (in dollars per share) 24.31    
Canceled, forfeited, or expired 23.92    
Outstanding at the end of period 24.26 $ 24.26  
Vested and expected to vest at end of period 24.26    
Exercisable at end of period $ 24.26    
Weighted Average Remaining Contractual Life      
Weighted average remaining contractual life, awards outstanding 3 years 4 months 24 days    
Weighted average remaining contractual life, awards vested and expected to vest 3 years 4 months 24 days    
Weighted average remaining contractual life, awards exercisable 3 years 4 months 24 days    
Aggregate Intrinsic Value      
Aggregate intrinsic value, awards exercised $ 2,816    
Aggregate intrinsic value, awards outstanding 13,337    
Aggregate intrinsic value, awards vested and expected to vest 13,337    
Aggregate intrinsic value, awards exercisable $ 13,337    
v3.26.1
Stock-Based Compensation - Non-vested Options (Details) - shares
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Shares      
Granted 0 0 0
v3.26.1
Stock-Based Compensation - Non-vested RSUs (Details) - 2020 Plan - Restricted Stock Units - $ / shares
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Shares      
Non-vested awards outstanding at beginning of period (in shares) 172,191    
Granted (in shares) 83,186 109,013 132,713
Vested (in shares) (88,109)    
Forfeited (in shares) (6,706)    
Non-vested awards outstanding at end of period (in shares) 160,562 172,191  
Weighted Average Fair Value      
Non-vested awards outstanding at beginning of period (in dollars per share) $ 93.1    
Granted (in dollars per share) 158.13    
Vested (in dollars per share) 87.28    
Forfeited (in dollars per share) 122.41    
Non-vested awards outstanding at end of period (in dollars per share) $ 128.94 $ 93.1  
v3.26.1
Stock-Based Compensation - Non-vested PSUs (Details) - 2020 Plan - Performance share units - $ / shares
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Shares      
Non-vested awards outstanding at beginning of period (in shares) 139,070    
Granted (in shares) 46,231 61,530 112,740
Target Award Adjustment (in shares) (33,694)    
Vested (in shares) 0    
Forfeited (in shares) (8,566)    
Non-vested awards outstanding at end of period (in shares) 143,041 139,070  
Weighted Average Fair Value      
Non-vested awards outstanding at beginning of period (in dollars per share) $ 82.98    
Granted (in dollars per share) 156.71    
Target Award Adjustment (in dollars per share) 86.96    
Forfeited (in dollars per share) 96.56    
Non-vested awards outstanding at end of period (in dollars per share) $ 105.06 $ 82.98  
v3.26.1
Stock-Based Compensation - Stock-based Compensation Expense (Details) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Stock-Based Compensation      
Total stock-based compensation expense, before tax $ 16,103 $ 10,977 $ 12,935
Income tax benefit (2,832) (3,654) (2,686)
Total stock based-compensation expense, after tax 13,271 7,323 10,249
Employee Stock Option      
Stock-Based Compensation      
Total stock-based compensation expense, before tax   (2,436) 1,817
Income tax benefit (700) (700) (1,200)
Restricted Stock Units      
Stock-Based Compensation      
Total stock-based compensation expense, before tax 8,573 7,991 7,203
Performance share units      
Stock-Based Compensation      
Total stock-based compensation expense, before tax $ 7,530 $ 5,422 $ 3,915
v3.26.1
Stock-Based Compensation - Unamortized Stock-based Compensation Expense (Details)
$ in Thousands
 12 Months Ended
Mar. 28, 2026
USD ($)
Restricted Stock Units  
Stock-Based Compensation  
Unamortized compensation expense $ 11,071
Weighted-average remaining recognition period 1 year 9 months 25 days
Performance share units  
Stock-Based Compensation  
Unamortized compensation expense $ 11,125
Weighted-average remaining recognition period 1 year 11 months 1 day
v3.26.1
Leases - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Leases      
Lessee, Operating Lease, Existence of Option to Extend [true false] true    
Operating lease renewal term 5 years    
ROU asset impairment charge $ 0.0 $ 0.0 $ 0.0
Minimum      
Leases      
Operating lease term 5 years    
Maximum      
Leases      
Operating lease term 10 years    
v3.26.1
Leases - ROU assets and liabilities (Details) - USD ($)
$ in Thousands
Mar. 28, 2026
Mar. 29, 2025
ROU assets and liabilities    
Finance lease assets $ 7,042 $ 7,789
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] Total lease assets Total lease assets
Operating lease assets $ 631,383 $ 461,672
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] Total lease assets Total lease assets
Total lease assets $ 638,425 $ 469,461
Current finance lease liabilities $ 1,027 $ 948
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List] Total short-term lease liabilities Total short-term lease liabilities
Current operating lease liabilities $ 88,716 $ 71,913
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List] Total short-term lease liabilities Total short-term lease liabilities
Total short-term lease liabilities $ 89,743 $ 72,861
Noncurrent finance lease liabilities $ 12,453 $ 13,480
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List] Total long-term lease liabilities Total long-term lease liabilities
Noncurrent operating lease liabilities $ 671,284 $ 476,702
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List] Total long-term lease liabilities Total long-term lease liabilities
Total long-term lease liabilities $ 683,737 $ 490,182
Total lease liabilities $ 773,480 $ 563,043
v3.26.1
Leases - Lease cost (Details) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Lease cost      
Amortization of right-of-use assets $ 748 $ 748 $ 805
Interest on lease liabilities 595 634 672
Total finance lease cost 1,343 1,382 1,477
Operating lease cost 112,063 91,599 73,577
Short-term lease cost 5,024 4,539 4,403
Variable lease cost 36,817 31,433 23,920
Total lease cost $ 155,247 $ 128,953 $ 103,377
v3.26.1
Leases - Future lease payments (Details)
$ in Thousands
Mar. 28, 2026
USD ($)
Operating Leases  
2027 $ 107,488
2028 132,344
2029 125,558
2030 117,566
2031 108,955
Thereafter 358,534
Total 950,445
Less: Imputed interest (190,445)
Present value of net lease payments $ 760,000
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Finance and Operating Lease, Liability, Current, Finance and Operating Lease, Liability, Noncurrent
Finance Leases  
2027 $ 1,590
2028 1,629
2029 1,669
2030 1,709
2031 1,751
Thereafter 7,766
Total 16,114
Less: Imputed interest (2,634)
Present value of net lease payments $ 13,480
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration] Finance and Operating Lease, Liability, Current, Finance and Operating Lease, Liability, Noncurrent
Leases Signed but not yet Commenced  
Minimum lease commitment for operating leases signed but not yet commenced $ 152,300
v3.26.1
Leases - Supplemental lease information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Supplemental Lease Information    
Operating cash flows from operating leases $ 128,628 $ 99,782
Operating cash flows used for finance leases 585 624
Financing cash flows from finance leases 967 891
Cash paid for amounts included in the measurement of lease liabilities 130,180 101,297
Lease liabilities arising from new right-of-use assets-Operating leases $ 247,258 $ 145,954
Weighted average remaining lease term (in years)-Operating leases 7 years 10 months 24 days 7 years 9 months 18 days
Weighted average remaining lease term (in years)-Finance leases 9 years 4 months 24 days 10 years 4 months 24 days
Weighted average discount rate-Operating leases 5.40% 5.20%
Weighted average discount rate-Finance leases 10.90% 10.90%
v3.26.1
Defined Contribution Plan (Details)
$ in Millions
 12 Months Ended
Mar. 28, 2026
USD ($)
item
Mar. 29, 2025
USD ($)
Mar. 30, 2024
USD ($)
Defined Contribution Plan      
Minimum number of hours required for eligibility | item 1,000    
Plan contributions and plan costs | $ $ 3.1 $ 2.5 $ 2.3
First 3%      
Defined Contribution Plan      
Percentage of employer match 100.00%    
Percentage of employee gross pay for which employer contributes a full matching contribution 3.00%    
Next 2%      
Defined Contribution Plan      
Percentage of employer match 50.00%    
Percentage of employee gross pay for which employer contributes a full matching contribution 5.00%    
v3.26.1
Income Taxes - Income Tax Expense (Details) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Current:      
Federal $ 47,567 $ 49,527 $ 32,160
State 14,748 12,365 9,442
Total current 62,315 61,892 41,602
Deferred:      
Federal 13,116 (2,607) 5,774
State (722) (110) 3,000
Total deferred 12,394 (2,717) 8,774
Provision for income taxes $ 74,709 $ 59,175 $ 50,376
v3.26.1
Income Taxes - Reconciliation of Tax Rate (Details) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
The reconciliation between the Company's effective tax rate on income from operations and the statutory tax rate      
Income taxes at statutory federal rate $ 63,124 $ 50,424 $ 41,448
State and local taxes, net of federal income tax effect 11,082 9,681 9,759
Tax credits (727) (788) (297)
Nontaxable or nondeductible items      
Excess tax benefit of stock-based compensation (1,428) (1,502) (1,387)
IRC Section 162(m) 1,755 1,000 1,484
Other 422 298 270
Other Adjustments      
Other 481 62 (901)
Provision for income taxes $ 74,709 $ 59,175 $ 50,376
The reconciliation between the Company's effective tax rate on income from operations and the statutory tax rate (as a percentage)      
Income taxes at statutory federal rate (as a percentage) 21.00% 21.00% 21.00%
State and local taxes, net of federal income tax effect (as a percentage) 3.70% 4.00% 4.90%
Tax credits (as a percentage) (0.20%) (0.30%) (0.20%)
Nontaxable or nondeductible items (as a percentage)      
Excess tax benefit of stock-based compensation (as a percentage) (0.50%) (0.60%) (0.70%)
IRC Section 162(m) (as a percentage) 0.60% 0.40% 0.80%
Other (as a percentage) 0.10% 0.10% 0.10%
Other Adjustments (as a percentage)      
Other (as a percentage) 0.20%   (0.50%)
Provision for income taxes (as a percentage) 24.90% 24.60% 25.40%
v3.26.1
Income Taxes - Cash Paid for Income Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Cash Paid for Income Taxes      
Federal $ 47,000 $ 49,000 $ 43,790
Total 62,034 59,929 57,157
California      
Cash Paid for Income Taxes      
State 5,873 4,458 6,955
Other States      
Cash Paid for Income Taxes      
State $ 9,161 $ 6,471 $ 6,412
v3.26.1
Income Taxes - Deferred Taxes (Details) - USD ($)
$ in Thousands
Mar. 28, 2026
Mar. 29, 2025
Deferred tax assets:    
State taxes $ 1,433 $ 1,150
Accrued liabilities 3,856 2,698
Award program liabilities 977 765
Deferred revenue 4,417 3,610
Inventories 9,684 8,265
Stock options 3,922 3,034
Lease liabilities 187,837 135,892
Other, net 3,546 2,668
Total deferred tax assets 215,672 158,082
Net operating loss carryforward 0  
Deferred tax liabilities:    
Depreciation and amortization (107,758) (80,532)
Prepaid expenses (1,956) (887)
Right-of-use assets (157,669) (115,980)
Total deferred tax liabilities (267,383) (197,399)
Net deferred tax liabilities (51,711) (39,317)
Unrecognized tax benefits    
Accrued interest and penalties $ 0 $ 0
v3.26.1
Related Party Transactions (Details) - Related Party - USD ($)
$ in Millions
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Floor & Decor Holdings, Inc | Maximum      
Related Party Transactions      
Capital expenditures related to specialty retail vendor   $ 0.1 $ 0.1
John Grijalva      
Related Party Transactions      
Merchandise purchased $ 37.3 38.0 32.8
Commissions paid on sales $ 2.6 $ 2.5 $ 2.2
v3.26.1
Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Earnings Per Share      
Net income $ 225,880 $ 180,942 $ 146,996
Weighted average basic shares outstanding 30,505,000 30,524,000 30,167,000
Dilutive effect of options, RSUs, and PSUs 230,000 249,000 444,000
Weighted average diluted shares outstanding 30,735,000 30,773,000 30,611,000
Basic earnings per share $ 7.4 $ 5.93 $ 4.87
Diluted earnings per share $ 7.35 $ 5.88 $ 4.8
Shares that were not included in the computation of weighted average diluted common shares amounts 0 0 86,882