RTTNews | May 13, 2021 12:20PM EDT

12:20 Thursday, May 13, 2021 (RTTNews.com) - Shares of lifestyle retail chain Boot Barn Holdings, Inc. (BOOT) are trading 8 percent higher on Thursday as the company posted strong first-quarter results.

The company reported net income of $24.6 million or $0.82 per share in the first quarter, higher than $5.7 million or $0.20 per share in the same period last year.

Excluding tax benefits incurred in both periods, net income was $0.75 per share, compared to $0.18 per share a year ago.

Net sales rose 37.2 percent to $258.9 million from $188.6 million in the prior-year quarter. Same store sales were up 3.1 percent, inclusive of a 1.1 percent decline in retail store same store sales and a 27 percent increase in e-commerce sales.

The stock is currently trading at $71.88, up $4.27 or 6 percent on the NYSE.

BOOT has traded between $17.49 and $75.65 during the past 52 weeks.

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