Boot Barn Holdings, Inc.

Good day, everybody, and welcome to Boot Barns Holdings' first quarter 2024 earnings call. As a reminder, this call is being recorded. I would now like to turn the conference over to your host, Mr. Mark Didovish, Senior Vice President of Investor Relations and Financial Planning. Please go ahead, sir.

Thank you. Good afternoon, everyone. Thank you for joining us today to discuss Boot Barns' first quarter fiscal 2024 earnings results. With me on today's call are Jim Conroy. President and Chief Executive Officer, and Jim Watkins, Chief Financial Officer. The copy of today's press release, along with a supplemental financial presentation, is available in the Investor Relations section of Buparn's website at buparn.com. Shortly after we end this call, a recording of the call will be available as a replay for 30 days on the Investor Relations section of the company's website. I would like to remind you that certain statements we will make in this presentation are forward-looking statements. These forward-looking statements reflect Buparn's judgment and analysis only as of today, and actual results may differ materially from current expectations based on a number of factors affecting Buparn's business. Accordingly, you should not place undue reliance on these forward-looking statements. For a more thorough discussion of the risks and uncertainties associated with the forward-looking statements to be made during this conference call and webcast, we refer you to the disclaimer regarding forward-looking statements that is included in our first quarter fiscal 2024 earnings release. as well as our filings with the SEC referenced in that disclaimer. We do not undertake any obligation to update or alter any forward-looking statements, whether as a result of new information, future events, or otherwise. I will now turn the call over to Jim Conroy, who burns President and Chief Executive Officer.

Jim? Thank you, Mark, and good afternoon. Thank you, everyone, for joining us. On this call, I will review our first quarter fiscal 24 results, discuss the progress we have made across each of our four strategic initiatives, and provide an update on current business. Following my remarks, Jim Watkins will review our financial performance in more detail, and then we will open the call-up for questions. We are very pleased with our start to the fiscal 24-year and our first quarter results. During the quarter, total sales increased 4.9%, driven primarily by sales from new stores added over the last 12 months, partially offset by a low single-digit decline, a negative 2.9%, consolidated same store sales. We feel great about this performance given that the business was cycling plus 10% and plus 79% growth in consolidated same store sales in the prior year and two year ago periods. Additionally, we are quite pleased with the sales results both in stores and online with both businesses outperforming our guidance for the quarter.