<SEC-DOCUMENT>0001157523-18-002156.txt : 20181025
<SEC-HEADER>0001157523-18-002156.hdr.sgml : 20181025
<ACCEPTANCE-DATETIME>20181025161204
ACCESSION NUMBER:		0001157523-18-002156
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181025
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181025
DATE AS OF CHANGE:		20181025

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Boot Barn Holdings, Inc.
		CENTRAL INDEX KEY:			0001610250
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-SHOE STORES [5661]
		IRS NUMBER:				900776290
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0330

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36711
		FILM NUMBER:		181139035

	BUSINESS ADDRESS:	
		STREET 1:		15345 BARRANCA PARKWAY
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92618
		BUSINESS PHONE:		949-453-4400

	MAIL ADDRESS:	
		STREET 1:		15345 BARRANCA PARKWAY
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92618
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51889127.htm
<DESCRIPTION>BOOT BARN HOLDINGS, INC. 8-K
<TEXT>
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      <font style="font-size: 18pt"><b>UNITED STATES</b></font><br><font style="font-size: 18pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><b>Washington, D.C. 20549</b><br><br><br><font style="font-size: 18pt"><b>FORM
      8-K</b></font><br><br><font style="font-size: 12pt"><b>CURRENT REPORT</b></font><br><br><b>&#160;<font style="font-size: 12pt">Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></b><br><br><br><b>Date
      of Report (Date of earliest event reported): <font style="font-family: Times New Roman; font-size: 10pt">October
      25, 2018</font></b><br><br><br><font style="font-size: 18pt"><b>Boot
      Barn Holdings, Inc.</b></font><br>(Exact name of registrant as specified
      in its charter)<br><br>
    </p>
<div style="text-align:left">
    <table style="width: 100%; font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="width: 34%; white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" valign="top">
          <b>001-36711</b>
        </td>
        <td style="width: 33%; white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" valign="top">
          <b>90-0776290</b>
        </td>
      </tr>
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        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other jurisdiction<br>of incorporation)
          </p>
        </td>
        <td style="width: 34%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission<br>File Number)
          </p>
        </td>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (I.R.S. Employer<br>Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
<div style="text-align:left">
    <table style="width: 100%; font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 50%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>15345 Barranca Parkway, Irvine, California</b>
          </p>
        </td>
        <td style="width: 50%; white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" valign="top">
          <b>92618</b>
        </td>
      </tr>
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        <td style="width: 50%; text-align: center; padding-left: 0.0px" valign="top">
          (Address of principal executive offices)
        </td>
        <td style="width: 50%; text-align: center; padding-left: 0.0px" valign="top">
          (Zip Code)
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <b>(949) 453-4400</b><br>(Registrant&#8217;s telephone number, including area
      code)<br><br><b>Not Applicable</b><br>(Former name or former address, if
      changed since last report)
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: left">
      Check the appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:
    </p>
    <p style="text-align: left">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p style="text-align: left">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p style="text-align: left">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p style="text-align: left">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule&#160;405 of the Securities Act of 1933 (&#167;230.405
      of this chapter) or Rule&#160;12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8864;</font><font style="font-size: 10pt">
      </font>Emerging growth company
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8864;</font><font style="font-size: 10pt">
      </font>If an emerging growth company, indicate by check mark if the
      registrant has elected not to use the extended transition period for
      complying with any new or revised financial accounting standards
      provided pursuant to section 13(a)&#160;of the Exchange Act.
    </p>
    <div style="width: 100%; margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p>
      <b>Item 2.02 &#160;&#160;Results of Operations and Financial Condition.</b>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      On October 25, 2018, Boot Barn Holdings, Inc. issued a press release
      announcing certain financial results for its fiscal quarter ended
      September 29, 2018. The press release is attached hereto as Exhibit 99.1.
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      The information provided in this Item 2.02, including Exhibit 99.1, is
      intended to be &#8220;furnished&#8221; and shall not be deemed &#8220;filed&#8221; for purposes
      of Section 18 of the Securities Exchange Act of 1934, as amended (the
      &#8220;Exchange Act&#8221;), or otherwise subject to the liabilities of that
      section, nor shall it be deemed incorporated by reference into any other
      filing under the Securities Act of 1933, as amended, or the Exchange
      Act, except as expressly set forth by specific reference in such a
      filing.
    </p>
    <p>

    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01&#160;&#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p style="font-size: 10pt; margin-left: 30.0px">
      <a href="a51889127ex99_1.htm">Exhibit 99.1</a>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a href="a51889127ex99_1.htm">Earnings
      press release dated October 25, 2018.</a>
    </p>
    <p>

    </p>
    <div style="width: 100%; margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
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        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>SIGNATURES</b>
    </p>
    <p>
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Pursuant to the requirements of the Securities Exchange Act of
      1934, the registrant has duly caused this report to be signed on its
      behalf by the undersigned hereunto duly authorized.
    </p>
    <p>

    </p>
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        </td>
        <td style="width: 52%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          BOOT BARN HOLDINGS, INC.
        </td>
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        <td style="width: 3%">

        </td>
        <td style="width: 52%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 42%; text-align: left; padding-left: 0.0px" valign="top">
          &#160;
        </td>
      </tr>
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        <td style="width: 3%">

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        <td style="width: 52%">

        </td>
        <td style="width: 3%">

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          &#160;
        </td>
      </tr>
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        <td style="width: 3%; text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Date:
          </p>
        </td>
        <td style="width: 52%; text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            October 25, 2018
          </p>
        </td>
        <td style="width: 3%; text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          By:
        </td>
        <td style="width: 42%; text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Gregory V. Hackman
          </p>
        </td>
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        <td style="width: 3%">

        </td>
        <td style="width: 52%">

        </td>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 42%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Name:&#160;Gregory V. Hackman
          </p>
        </td>
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        <td style="width: 3%">

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        <td style="width: 52%">

        </td>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 42%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Title:&#160;Chief Financial Officer
          </p>
        </td>
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    </div>
    <p>

    </p>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51889127ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Boot Barn
      Holdings, Inc. Announces Second Quarter Fiscal Year 2019 Financial
      Results and Increased Annual Guidance</b></font>
    </p>
    <p>
      IRVINE, Calif.--(BUSINESS WIRE)--October 25, 2018--Boot Barn Holdings,
      Inc. (NYSE: BOOT) today announced its financial results for the second
      fiscal quarter ended September 29, 2018.
    </p>
    <p>
      Highlights for the quarter ended September 29, 2018, were as follows:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Net sales increased 17.5% to $168.1 million.
      </li>
      <li style="margin-bottom: 10.0px">
        Same store sales increased 11.3%.
      </li>
      <li style="margin-bottom: 10.0px">
        Net income was $4.5 million, or $0.16 per diluted share, compared to
        net income of $1.1 million, or $0.04 per diluted share in the
        prior-year period. Net income per diluted share in the second quarter
        of fiscal 2019 includes approximately $0.04 per share of tax benefit
        related to stock option exercises.
      </li>
      <li style="margin-bottom: 10.0px">
        Added 3 stores through new openings and acquisitions.
      </li>
    </ul>
    <p>
      Jim Conroy, Chief Executive Officer, commented, &#8220;We are very pleased
      with our second quarter results and the underlying strength in the
      business. Same store sales increased double digits, both in our retail
      stores and online, which combined with merchandise margin expansion from
      increased full-price selling and exclusive brand penetration, drove 130
      basis points of operating margin improvement over last year. During the
      quarter, we made significant progress across each of our four strategic
      growth initiatives. Most notably, in mid-September we successfully
      launched our new exclusive brand, <i>Idyllwind, Fueled by Miranda Lambert</i>.
      We are well positioned to continue driving improved results during our
      upcoming holiday quarter and over the long term.&#8221; Mr. Conroy continued,
      &#8220;We are also pleased with sales through the first three weeks of our
      fiscal third quarter, which continue to be very strong both in our
      retail stores and online.&#8221;
    </p>
    <p>
      <b>Operating Results for the Second Quarter Ended September 29, 2018</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Net sales increased 17.5% to $168.1 million from $143.1 million in the
        prior-year period. The increase in net sales was driven by an 11.3%
        increase in same store sales, the sales contribution from the stores
        acquired from Wood&#8217;s Boots, Lone Star and Drysdales, and sales from
        new stores added over the past twelve months.
      </li>
      <li style="margin-bottom: 10.0px">
        Gross profit was $50.9 million, or 30.3% of net sales, compared to
        $41.7 million, or 29.1% of net sales, in the prior-year period. Gross
        profit increased primarily due to increased sales and an increase in
        merchandise margin rate. Gross profit rate increased primarily from a
        30 basis point increase in merchandise margin rate and 90 basis points
        of leverage in buying and occupancy costs. The higher merchandise
        margin was driven by more full-price selling and increased exclusive
        brand penetration.
      </li>
      <li style="margin-bottom: 10.0px">
        Selling, general and administrative expense was $42.2 million, or
        25.1% of net sales, compared to $36.1 million, or 25.2% of net sales,
        in the prior-year period. Selling, general and administrative expenses
        increased primarily as a result of increased sales, expenses for new
        and acquired stores, higher marketing costs as a result of the <i>Idyllwind</i>
        launch, and costs associated with the addition of a mid-year physical
        inventory.
      </li>
    </ul>
    <ul>
      <li style="margin-bottom: 10.0px">
        Income from operations was $8.7 million, or 5.2% of net sales,
        compared to $5.6 million, or 3.9% of net sales, in the prior-year
        period.
      </li>
      <li style="margin-bottom: 10.0px">
        Net income was $4.5 million, or $0.16 per diluted share, compared to
        $1.1 million, or $0.04 per diluted share, in the prior-year period.
        Net income per diluted share in the second quarter of fiscal 2019
        includes approximately $0.04 per share of tax benefit related to stock
        option exercises.
      </li>
      <li style="margin-bottom: 10.0px">
        Added 3 stores through new openings and acquisitions, bringing the
        total count at quarter-end to 232 stores in 31 states.
      </li>
    </ul>
    <div style="width: 100%; margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Operating Results for the Six Months Ended September 29, 2018</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Net sales increased 16.9% to $330.1 million from $282.5 million in the
        prior-year period. The increase in net sales was driven by an 11.4%
        increase in same store sales, the sales contribution from the stores
        acquired from Wood&#8217;s Boots, Lone Star and Drysdales, and sales from
        new stores added over the past twelve months.
      </li>
      <li style="margin-bottom: 10.0px">
        Gross profit was $102.4 million, or 31.0% of net sales, compared to
        $83.1 million, or 29.4% of net sales, in the prior-year period. Gross
        profit increased primarily due to increased sales and an increase in
        merchandise margin rate. Gross profit rate increased primarily from an
        80 basis point increase in merchandise margin rate and 80 basis points
        of leverage in buying and occupancy costs. The higher merchandise
        margin was driven by more full-price selling and increased exclusive
        brand penetration.
      </li>
      <li style="margin-bottom: 10.0px">
        Selling, general and administrative expense was $83.8 million, or
        25.4% of net sales, compared to $72.5 million, or 25.7% of net sales,
        in the prior-year period. Selling, general and administrative expenses
        increased primarily as a result of increased sales, expenses for new
        and acquired stores, higher marketing costs as a result of the <i>Idyllwind</i>
        launch, and costs associated with the addition of a mid-year physical
        inventory. Selling, general and administrative expenses as a
        percentage of sales decreased as a result of expense leverage on
        higher sales.
      </li>
      <li style="margin-bottom: 10.0px">
        Income from operations was $18.5 million, or 5.6% of net sales,
        compared to $10.6 million, or 3.7% of net sales, in the prior-year
        period.
      </li>
      <li style="margin-bottom: 10.0px">
        Net income was $11.3 million, or $0.39 per diluted share, compared to
        $1.9 million, or $0.07 per diluted share, in the prior-year period.
        Net income per diluted share in the six months ended September 29,
        2018 includes approximately $0.12 per share of tax benefit related to
        stock option exercises.
      </li>
      <li style="margin-bottom: 10.0px">
        Added 9 stores through new openings and acquisitions.
      </li>
    </ul>
    <div style="width: 100%; margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
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        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Balance Sheet Highlights as of September 29, 2018</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Cash of $9.4 million.
      </li>
      <li style="margin-bottom: 10.0px">
        Average inventory per store was up 2.6% on a same store basis compared
        to September 30, 2017.
      </li>
      <li style="margin-bottom: 10.0px">
        Total net debt of $199.9 million, including $26.1 million drawn under
        the revolving credit facility.
      </li>
    </ul>
    <p>
      <b>Fiscal Year 2019 Outlook</b>
    </p>
    <p>
      For the fiscal year ending March 30, 2019, the Company now expects:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        To add 23 new stores, including the 9 stores opened and acquired
        during the first six months of fiscal 2019.
      </li>
      <li style="margin-bottom: 10.0px">
        Same store sales growth of 6.5% to 8.0%.
      </li>
      <li style="margin-bottom: 10.0px">
        Income from operations between $57.5 million and $60.5 million
        compared to the Company&#8217;s prior outlook of $54.0 million and $57.9
        million.
      </li>
      <li style="margin-bottom: 10.0px">
        Interest expense of $17.0 million to $18.0 million.
      </li>
      <li style="margin-bottom: 10.0px">
        Net income of $33.6 million to $35.8 million, compared to the
        Company&#8217;s prior outlook of $29.9 million to $32.8 million.
      </li>
      <li style="margin-bottom: 10.0px">
        Net income per diluted share of $1.16 to $1.24 based on 28.9 million
        weighted average diluted shares outstanding, compared to the Company&#8217;s
        prior outlook of $1.04 to $1.14.
      </li>
    </ul>
    <p>
      For the fiscal third quarter ending December 29, 2018, the Company
      expects:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Same store sales growth of 5.0% to 7.0%.
      </li>
      <li style="margin-bottom: 10.0px">
        Net income per diluted share of $0.56 to $0.60 based on 29.1 million
        weighted average diluted shares outstanding.
      </li>
    </ul>
    <p>
      <b>Conference Call Information</b>
    </p>
    <p>
      A conference call to discuss the financial results for the second
      quarter of fiscal year 2019 is scheduled for today, October 25, 2018, at
      4:30 p.m. ET (1:30 p.m. PT). Investors and analysts interested in
      participating in the call are invited to dial (866) 548-4713. The
      conference call will also be available to interested parties through a
      live webcast at investor.bootbarn.com. Please visit the website and
      select the &#8220;Events and Presentations&#8221; link at least 15 minutes prior to
      the start of the call to register and download any necessary software. A
      telephone replay of the call will be available until November 25, 2018,
      by dialing (844) 512-2921 (domestic) or (412) 317-6671 (international)
      and entering the conference identification number: 2518566. Please note
      participants must enter the conference identification number in order to
      access the replay.
    </p>
    <p>
      <b>About Boot Barn</b>
    </p>
    <p>
      Boot Barn is the nation&#8217;s leading lifestyle retailer of western and
      work-related footwear, apparel and accessories for men, women and
      children. The Company offers its loyal customer base a wide selection of
      work and lifestyle brands. As of the date of this release, Boot Barn
      operates 232 stores in 31 states, in addition to an e-commerce channel <u>www.bootbarn.com</u>.
      The Company also operates <u>www.sheplers.com</u>, the nation&#8217;s leading
      pure play online western and work retailer and <u>www.countryoutfitter.com</u>,
      an e-commerce site selling to customers who live a country lifestyle.
      For more information, call 888-Boot-Barn or visit <u>www.bootbarn.com</u>.
    </p>
    <div style="width: 100%; margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Forward Looking Statements</b>
    </p>
    <p>
      This press release contains forward-looking statements that are subject
      to risks and uncertainties. All statements other than statements of
      historical fact included in this press release are forward-looking
      statements. Forward-looking statements refer to our current expectations
      and projections relating to, by way of example and without limitation,
      our financial condition, liquidity, profitability, results of
      operations, margins, plans, objectives, strategies, future performance,
      business and industry. You can identify forward-looking statements by
      the fact that they do not relate strictly to historical or current
      facts. These statements may include words such as &quot;anticipate&quot;,
      &quot;estimate&quot;, &quot;expect&quot;, &quot;project&quot;, &quot;plan&#8220;, &quot;intend&quot;, &quot;believe&quot;, &#8220;may&#8221;,
      &#8220;might&#8221;, &#8220;will&#8221;, &#8220;could&#8221;, &#8220;should&#8221;, &#8220;can have&#8221;, &#8220;likely&#8221;, &#8220;outlook&#8221; and
      other words and terms of similar meaning in connection with any
      discussion of the timing or nature of future operating or financial
      performance or other events, but not all forward-looking statements
      contain these identifying words. These forward-looking statements are
      based on assumptions that the Company&#8217;s management has made in light of
      their industry experience and on their perceptions of historical trends,
      current conditions, expected future developments and other factors they
      believe are appropriate under the circumstances. As you consider this
      press release, you should understand that these statements are not
      guarantees of performance or results. They involve risks, uncertainties
      (some of which are beyond the Company&#8217;s control) and assumptions. These
      risks, uncertainties and assumptions include, but are not limited to,
      the following: decreases in consumer spending due to declines in
      consumer confidence, local economic conditions or changes in consumer
      preferences; the Company&#8217;s ability to effectively execute on its growth
      strategy; and the Company&#8217;s failure to maintain and enhance its strong
      brand image, to compete effectively, to maintain good relationships with
      its key suppliers, and to improve and expand its exclusive product
      offerings. The Company discusses the foregoing risks and other risks in
      greater detail under the heading &#8220;Risk factors&#8221; in the periodic reports
      filed by the Company with the Securities and Exchange Commission.
      Although the Company believes that these forward-looking statements are
      based on reasonable assumptions, you should be aware that many factors
      could affect the Company&#8217;s actual financial results and cause them to
      differ materially from those anticipated in the forward-looking
      statements. Because of these factors, the Company cautions that you
      should not place undue reliance on any of these forward-looking
      statements. New risks and uncertainties arise from time to time, and it
      is impossible for the Company to predict those events or how they may
      affect the Company. Further, any forward-looking statement speaks only
      as of the date on which it is made. Except as required by law, the
      Company does not intend to update or revise the forward-looking
      statements in this press release after the date of this press release.
    </p>
    <div style="width: 100%; margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="10">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="10" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Boot Barn Holdings, Inc.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="10" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Consolidated Balance Sheets</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="10" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (In thousands, except per share data)
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="10" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Unaudited)
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="10">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="3" valign="top">
          <b>September 29,</b>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="3" valign="top">
          <b>March 31,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: center; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: center; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="text-align: center; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Assets</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Current assets:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          9,406
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          9,016
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          4,445
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          4,389
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Inventories
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          230,089
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          211,472
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Prepaid expenses and other current assets
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          20,090
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          16,250
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Total current assets
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          264,030
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          241,127
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Property and equipment, net
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          95,014
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          89,208
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Goodwill
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          195,858
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          193,095
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Intangible assets, net
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          63,140
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          63,383
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Other assets
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          1,143
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          1,128
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 15.0px" valign="top">
          Total assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          619,185
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          587,941
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Liabilities and stockholders&#8217; equity</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Current liabilities:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Line of credit
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          26,120
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          21,006
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Accounts payable
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          102,764
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          89,958
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Accrued expenses and other current liabilities
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          40,209
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          40,034
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Total current liabilities
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          169,093
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          150,998
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Deferred taxes
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          14,637
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          13,030
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Long-term portion of notes payable, net
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          173,745
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          183,200
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Capital lease obligation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          7,023
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          7,303
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Other liabilities
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          19,725
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          18,804
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 15.0px" valign="top">
          Total liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          384,223
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          373,335
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Stockholders&#8217; equity:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Common stock, $0.0001 par value; September 29, 2018 - 100,000 shares
          authorized, 28,377 shares issued; March 31, 2018 - 100,000 shares
          authorized, 27,331 shares issued
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          3
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Preferred stock, $0.0001 par value; 10,000 shares authorized, no
          shares issued or outstanding
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Additional paid-in capital
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          157,568
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          148,127
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Retained earnings
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          77,965
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          66,670
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Less: Common stock held in treasury, at cost, 47 and 31 shares at
          September 29, 2018 and March 31, 2018, respectively
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          (574
        </td>
        <td style="white-space: nowrap; text-align: left; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          (194
        </td>
        <td style="white-space: nowrap; text-align: left; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Total stockholders&#8217; equity
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          234,962
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          214,606
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top">
          Total liabilities and stockholders&#8217; equity
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          619,185
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          587,941
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="14">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="14" valign="top">
          <b>Boot Barn Holdings, Inc.</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="14" valign="top">
          <b>Consolidated Statements of Operations</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="14" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (In thousands, except per share data)
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="14" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Unaudited)
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="14">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="5" valign="top">
          <b>Thirteen Weeks Ended</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="6" valign="top">
          <b>Twenty-Six Weeks Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" colspan="2" valign="top">
          <b>September 29,</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" colspan="2" valign="top">
          <b>September 30,</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" colspan="3" valign="top">
          <b>September 29,</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" colspan="2" valign="top">
          <b>September 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: center; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          <b>2018</b>
        </td>
        <td style="text-align: center; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: center; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          <b>2017</b>
        </td>
        <td style="text-align: center; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: center; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="3" valign="bottom">
          <b>2018</b>
        </td>
        <td style="text-align: center; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: center; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net sales
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          168,109
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          143,072
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          330,093
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          282,451
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Cost of goods sold
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          117,191
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          101,382
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          227,728
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          199,369
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Gross profit
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          50,918
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          41,690
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          102,365
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          83,082
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Selling, general and administrative expenses
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          42,221
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          36,052
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          83,839
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          72,503
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Income from operations
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          8,697
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          5,638
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          18,526
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          10,579
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Interest expense, net
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          4,153
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          3,789
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          8,253
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          7,447
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Income before income taxes
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          4,544
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          1,849
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          10,273
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          3,132
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Income tax expense/(benefit)
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          10
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          751
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          (1,022
        </td>
        <td style="white-space: nowrap; text-align: left; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          1,257
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 15.0px" valign="top">
          Net income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          4,534
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          1,098
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          11,295
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          1,875
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Earnings per share:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Basic shares
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          0.16
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          0.04
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          0.41
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          0.07
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Diluted shares
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          0.16
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          0.04
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          0.39
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          0.07
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Weighted average shares outstanding:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Basic shares
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          28,119
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          26,608
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          27,861
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          26,584
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Diluted shares
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          28,875
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          26,950
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          28,721
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          26,960
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="9" valign="top">
          <b>Boot Barn Holdings, Inc.</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="9" valign="top">
          <b>Consolidated Statements of Cash Flows</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="9" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (In thousands)
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="9" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Unaudited)
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="7" valign="top">
          <b>Twenty-Six Weeks Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" colspan="3" valign="top">
          <b>September 29,</b>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" colspan="3" valign="top">
          <b>September 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: center; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="3" valign="bottom">
          <b>2018</b>
        </td>
        <td style="text-align: center; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: center; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="3" valign="bottom">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Cash flows from operating activities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          11,295
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          1,875
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Adjustments to reconcile net income to net cash provided by/(used
          in) operating activities:
        </td>
        <td>

        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Depreciation
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          8,654
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          7,584
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Stock-based compensation
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          1,416
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          1,253
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Amortization of intangible assets
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          350
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          671
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Amortization of debt issuance fees and debt discount
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          630
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          593
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Loss on disposal of property and equipment
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          27
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          61
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Hurricane-related asset write-off
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          3,222
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Insurance recovery receivable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (3,422
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Accretion of above market leases
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (13
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (1
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Store impairment charge
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          305
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Deferred taxes
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          1,607
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (371
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          Changes in operating assets and liabilities, net of acquisition:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 30.0px" valign="top">
          Insurance settlement
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          700
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 30.0px" valign="top">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (56
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          823
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 30.0px" valign="top">
          Inventories
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (12,582
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (22,124
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 30.0px" valign="top">
          Inventories purchased in asset acquisitions
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (4,163
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (2,752
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 30.0px" valign="top">
          Prepaid expenses and other current assets
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (3,925
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (1,083
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 30.0px" valign="top">
          Other assets
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (30
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (17
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 30.0px" valign="top">
          Accounts payable
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          13,063
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          12,287
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 30.0px" valign="top">
          Accrued expenses and other current liabilities
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          74
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (766
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 30.0px" valign="top">
          Other liabilities
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          658
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          757
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 30.0px" valign="top">
          Net cash provided by/(used in) operating activities
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          17,310
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          (710
        </td>
        <td style="white-space: nowrap; text-align: left; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Cash flows from investing activities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Purchases of property and equipment
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (15,007
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (11,279
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Acquisition of business, net of cash acquired
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          (4,424
        </td>
        <td style="white-space: nowrap; text-align: left; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 30.0px" valign="top">
          Net cash used in investing activities
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          (19,431
        </td>
        <td style="white-space: nowrap; text-align: left; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          (11,279
        </td>
        <td style="white-space: nowrap; text-align: left; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Cash flows from financing activities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Borrowings on line of credit - net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          5,114
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          23,846
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Repayments on debt and capital lease obligations
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (10,248
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (10,212
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Debt issuance fees paid
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (520
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Tax withholding payments for net share settlement
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (380
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (89
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Proceeds from the exercise of stock options
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          8,025
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          363
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 30.0px" valign="top">
          Net cash provided by financing activities
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          2,511
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          13,388
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net increase in cash and cash equivalents
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          390
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          1,399
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Cash and cash equivalents, beginning of period
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          9,016
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          8,035
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top">
          Cash and cash equivalents, end of period
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          9,406
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          9,434
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Supplemental disclosures of cash flow information:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Cash paid for income taxes
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          301
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          393
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Cash paid for interest
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          7,569
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          6,744
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Supplemental disclosure of non-cash activities:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Unpaid purchases of property and equipment
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          985
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          2,323
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="14">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="14" valign="top">
          <b>Boot Barn Holdings, Inc.</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="14" valign="top">
          <b>Store Count</b>
        </td>
      </tr>
      <tr>
        <td colspan="14">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" colspan="2" valign="top">
          <b>Fiscal Year Ended</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" colspan="2" valign="top">
          <b>Fiscal Year Ended</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" colspan="2" valign="top">
          <b>Quarter Ended</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" colspan="2" valign="top">
          <b>Quarter Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="2" valign="top">
          <b>April 1,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="2" valign="top">
          <b>March 31,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="2" valign="top">
          <b>June 30,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" colspan="2" valign="top">
          <b>September 29,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          <b>2018</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          <b>2018</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: center; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="2" valign="bottom">
          <b>2018</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Store Count (BOP)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          208
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          219
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          226
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          230
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Opened/Acquired
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          12
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          3
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Closed Boot Barn Stores
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          (1
        </td>
        <td style="white-space: nowrap; text-align: left; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          (2
        </td>
        <td style="white-space: nowrap; text-align: left; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          (2
        </td>
        <td style="white-space: nowrap; text-align: left; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          (1
        </td>
        <td style="white-space: nowrap; text-align: left; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top">
          Store Count (EOP)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          219
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          226
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          230
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt" valign="bottom">
          232
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="19">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="19" valign="top">
          <b>Debt Covenant EBITDA Reconciliation</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" colspan="19" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Unaudited)
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="19">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="17" valign="top">
          <b>Thirteen Weeks Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="2" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>September 29,</b><br>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2018</b>
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="text-align: center; border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="3" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>June 30,</b><br><b>2018</b>
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="text-align: center; border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="3" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>March 31,</b><br><b>2018</b>
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="text-align: center; border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="2" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>December 30,</b><br><b>2017</b>
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="3" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>September 30,</b><br>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2017</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Boot Barn's Net income</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          4,534
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          6,761
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          6,855
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          20,149
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          1,098
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Income tax expense/(benefit)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          10
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (1,032
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          619
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          425
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          751
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Interest expense, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          4,153
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          4,100
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          3,808
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          3,821
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          3,789
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Depreciation and intangible asset amortization
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          4,573
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          4,431
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          4,610
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          4,263
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          4,142
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Boot Barn's EBITDA</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>13,270</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>14,260</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>15,892</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>28,658</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>9,780</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Non-cash stock-based compensation (a)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          804
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          612
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          398
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          597
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          678
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Non-cash accrual for future award redemptions (b)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          92
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          22
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (120
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          47
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          (162
        </td>
        <td style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Loss on disposal of assets (c)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          27
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          179
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          12
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          47
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Store impairment charge (d)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          92
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          213
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          83
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Secondary offering costs (e)
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          176
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          294
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Boot Barn's Adjusted EBITDA</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>14,285</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>15,283</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>16,726</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>29,314</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px" valign="bottom">
          <b>10,343</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Additional adjustments (f)
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          553
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          935
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          546
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          862
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          418
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <b>Consolidated EBITDA per Loan Agreements</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>$</b>
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>14,838</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>$</b>
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>16,218</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>$</b>
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>17,272</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>$</b>
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>30,176</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>$</b>
        </td>
        <td style="white-space: nowrap; text-align: right; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt" valign="bottom">
          <b>10,761</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            _______________________
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          (a) Represents non-cash compensation expenses related to stock
          options, restricted stock awards and restricted stock units granted
          to certain of our employees and directors.
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          (b) Represents the non-cash accrual for future award redemptions in
          connection with our customer loyalty program.
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          (c) Represents loss on disposal of assets from store closures.
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          (d) Represents store impairment charges recorded in order to reduce
          the carrying amount of the assets to their estimated fair values.
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          (e) Represents professional fees and expenses incurred in connection
          with the January 2018 and May 2018 secondary offerings.
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          (f) Adjustments to Boot Barn's Adjusted EBITDA as provided in the
          2015 Golub Term Loan and June 2015 Wells Fargo Revolver include
          pre-opening costs, franchise and state taxes, and other
          miscellaneous adjustments.
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br><b>Investor:</b><br>ICR, Inc.<br>Brendon Frey, 203-682-8216<br><u>BootBarnIR@icrinc.com</u><br>or<br><b>Media:</b><br>Boot
      Barn Holdings, Inc.<br>Jim Watkins, 949-453-4428<br>Vice President,
      Investor Relations<br><u>BootBarnIRMedia@bootbarn.com</u>
    </p>
    <p style="text-align: center">

    </p>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
