Latest news with #BOOT
Yahoo
19-06-2025
- Business
- Yahoo
New Strong Sell Stocks for June 18th
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Apple Hospitality REIT, Inc. APLE is a publicly traded real estate investment trust. The Zacks Consensus Estimate for its current year earnings has been revised 4.4% downward over the last 60 days. Assertio Holdings, Inc. ASRT is a specialty pharmaceutical company. The Zacks Consensus Estimate for its current year earnings has been revised 50% downward over the last 60 days. Boot Barn Holdings, Inc. BOOT is a lifestyle retail chain. The Zacks Consensus Estimate for its current year earnings has been revised 9.3% downward over the last 60 days. View the entire Zacks Rank #5 List. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Boot Barn Holdings, Inc. (BOOT) : Free Stock Analysis Report Apple Hospitality REIT, Inc. (APLE) : Free Stock Analysis Report Assertio Holdings, Inc. (ASRT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Inicia sesión para acceder a tu cartera de valores
New Indian Express
11-06-2025
- Business
- New Indian Express
For tunnel road tech, BBMP engineers visit Vizag, set to land in Kashmir next
BENGALURU: A team from the engineers' wing of BBMP has started visiting other Indian cities where tunnel road projects are being executed. This is to assess and adopt the best practices to execute the first phase of the 18-km-long tunnel road in Bengaluru. The cabinet on June 5, 2025 approved the construction of the north-south tunnel road corridor under the Build-Own-Operate-Transfer (BOOT) model. Deputy Chief Minister and Bengaluru in-charge minister DK Shivakumar has been insisting on the project, claiming that it will decongest the city. The first phase will be taken up at a cost of Rs 17,000 crore. The team recently visited Visakhapatnam to study the New Australian Tunnelling Method (NATM) that is being used by the NHAI to build the 464-km tunnel road reaching Raipur. The BBMP team is going next to Kashmir to understand the tunnel projects there. 'We went to Vizag to understand NATM, the land required and the time it takes as compared to other regular methods. The existing technology used by BMRCL cannot be adopted for the road project as the diameter of the tunnel boring machine for the Metro rail project is 5.6 metre, while the road project requires at least 14.6 metre,' BBMP Chief Engineer BS Prahalad told TNIE. Understanding different models is essential when executing the project in Bengaluru, where land acquisition and cost is a concern, he said. 'We need to understand each of the tunnelling methods before coming to a conclusion. So far nothing has been finalised,' he added. The visits and the preparatory work is going on at a time when citizens and experts have demanded that the project be dropped and the public transport system be strengthened. They pointed out that what is being done in other cities cannot be replicated here without a thorough analysis. BBMP sources said that instead of studying the technology, the engineering team should look at the feasibility and requirements of other cities and compare them to Bengaluru. But that is not being done, they added. Prof Ashish Verma, a mobility expert from IISc, said, 'Studies and various models prepared by us have shown that public transport is better when compared to the tunnel road. It is not a feasible project in the long run.'
Indian Express
06-06-2025
- Business
- Indian Express
Karnataka clears Hebbal-Silk Board, KR Pura-Mysuru Road tunnel road projects under BOOT model; to levy toll
The Karnataka Cabinet Thursday approved the construction of two major tunnel road corridors in Bengaluru under the Build-Own-Operate-Transfer (BOOT) model, clearing the way for toll-based road usage. The corridors — one stretching from Esteem Mall near Hebbal to HSR Layout/Silk Board, and the other from KR Pura to Mysuru Road — will be developed through a global tendering process, state Law and Parliamentary Affairs Minister H K Patil announced after the Cabinet meeting. 'The Cabinet considered three options — the Hybrid Annuity Model (HAM), handing it over to the National Highways Authority of India (NHAI), or BOOT. It has opted for the BOOT model, and global tenders will be floated soon,' Patil said. Under the BOOT model, the concession period has been set at 30 years, during which the selected private players will recover their investment through toll collection. The details of toll modalities will be finalised later, he added. Government sources said tenders for the high-cost Hebbal-Silk Board infrastructure project — estimated at Rs 17,780 crore — are likely to be issued within the next seven to 10 days. The detailed project report (DPR) of Bengaluru's twin-tube tunnel road project between Hebbal and Silk Board Junction has estimated a toll of Rs 330 for a distance of 16.6 km. The report also highlights that the tolls for subsequent years are calculated on the basis of a 5 per cent annual increase in Wholesale Price Index with a 40 per cent restriction. The base year for the toll revenue is FY 2030-31. Importantly, the toll estimates have been proposed only for cars, with no mention of other vehicles. According to the report, a toll rate of Rs 320 is estimated for Hebbal-Sarjapur/HSR Layout (16.3 km), Rs 250 for Hebbal-Hosur Main Road (12.79 km), Rs 180 for Hebbal-Seshadri Road (9.05 km), Rs 320 from Outer Ring Road, K R Puram-Silk Board Junction, Rs 245 for Mekhri Circle to Silk Board Junction (12.54 km), and Rs 195 for Race Course-Silk Board Junction (9.8 km). Further, the study has also estimated toll rates of Rs 255 from Jayanagar to Hebbal (13 km), Rs 245 from Jayanagar to Outer Ring Road and KR Puram (12.36 km), and Rs 130 from C V Raman Road to Hebbal (6.60 km).
Yahoo
04-06-2025
- Business
- Yahoo
BOOT Q1 Earnings Call: Revenue Miss and Margin Expansion Amid Tariff Uncertainty
Clothing and footwear retailer Boot Barn (NYSE:BOOT) fell short of the market's revenue expectations in Q1 CY2025, but sales rose 16.8% year on year to $453.7 million. Its GAAP profit of $1.22 per share increased from $0.96 in the same quarter last year. Is now the time to buy BOOT? Find out in our full research report (it's free). Revenue: $453.7 million (16.8% year-on-year growth) Revenue Guidance for Q2 CY2025 is $487 million at the midpoint, roughly in line with what analysts were expecting EPS (GAAP) guidance for the upcoming financial year 2026 is $5.95 at the midpoint, missing analyst estimates by 4.7% Operating Margin: 11%, up from 9.8% in the same quarter last year Locations: 459 at quarter end, up from 400 in the same quarter last year Same-Store Sales rose 6% year on year (-5.9% in the same quarter last year) Market Capitalization: $4.94 billion Boot Barn's first quarter performance was shaped by broad-based sales growth across both its physical stores and e-commerce channels, with management highlighting a 6% increase in same-store sales. CEO John Hazen attributed the quarter's results to 'increased transactions and full price selling,' supported by strong performance in categories like denim and women's western boots. Merchandise margin expanded due to supply chain efficiencies, better buying economies of scale, and growth in exclusive brand penetration. Hazen emphasized that the company's customer loyalty database continued to expand, reaching 9.6 million active members, which has helped tailor merchandise and marketing strategies. The company also noted that its ongoing store expansion into new and legacy markets contributed to increased brand awareness and incremental online demand, particularly in regions such as New York and Alaska. Looking forward, Boot Barn's guidance reflects caution around the impact of tariffs on both pricing and consumer demand in the coming quarters. Management stated that while same-store sales trends have been strong in the early part of the year, they expect momentum to moderate as price increases tied to tariffs take effect. CFO Jim Watkins noted, 'Our goal is to maintain merchandise margin rate, but we may give up some margin in order to maintain or gain market share.' The company's outlook includes a range of potential outcomes, reflecting the fluid situation with tariffs, anticipated mid-single-digit price increases from vendors, and possible consumer demand softness. Boot Barn plans to leverage its diversified sourcing strategy and ongoing exclusive brand development to help mitigate tariff-related headwinds, while continuing disciplined investment in new store openings and the in-store customer experience. Management attributed the quarter's sales and margin growth to robust store expansion, exclusive brand penetration, and supply chain efficiencies. However, they flagged the evolving tariff landscape and vendor price increases as emerging pressures that could influence demand and profitability. Exclusive brand penetration gains: Boot Barn increased exclusive brand sales to 38.6% of revenue, with management crediting this strategy for over one-third of merchandise margin growth. CEO John Hazen said this focus 'balanced expanding exclusive brands while driving growth within our third-party partners.' Store network expansion: The company opened 60 new stores over the year, extending its reach into four new states and ending the quarter with 459 locations. New stores contributed directly to revenue growth and were cited as a driver of both in-store and online sales gains. E-commerce and omnichannel growth: E-commerce same-store sales grew 9.8%, with accounting for about 75% of online sales and performing at low double-digit growth. Management noted that opening physical stores in new markets led to immediate online demand increases in those regions. Supply chain and inventory management: CFO Jim Watkins attributed improved merchandise margin to supply chain efficiencies, lower inventory shrink, and proactive inventory purchases ahead of anticipated tariffs. The company accelerated receipts to mitigate tariff exposure and diversified sourcing, reducing exclusive brand production in China from 24% to an expected 12%. Category performance variation: While most categories saw growth, denim and women's western boots led with mid-teen gains, and work boots remained a soft spot with low-single-digit declines. Hazen said renewed marketing focus will target work boot sales in the coming quarters. Management expects future results to be shaped by tariff-related cost pressures, pricing strategies, and continued investment in exclusive brand and store growth. Tariff impact and mitigation: Boot Barn anticipates $8 million in incremental tariff costs in the year, primarily affecting the second half. The company is responding by shifting sourcing away from China, raising select retail prices, and balancing margin preservation with the goal of retaining market share. Management cautioned that consumer demand may soften as price increases are implemented. Exclusive brand and pricing strategy: The company plans to hold or selectively raise prices on exclusive brand products, especially where psychological price points are at risk. Hazen explained that pricing decisions are made style-by-style to maximize competitiveness, with potential for exclusive brand penetration to rise if third-party prices increase more sharply. Continued store expansion: Boot Barn aims to open 65–70 new stores in the coming year, spanning both new and legacy markets. Management believes this expansion will support incremental sales, improve fixed-cost leverage, and enhance omnichannel performance as new stores typically drive a 'halo effect' on regional online sales. In the coming quarters, the StockStory team will focus on (1) how effectively Boot Barn navigates tariff-driven cost pressures through sourcing and pricing actions, (2) the pace and profitability of new store openings across diverse markets, and (3) the trajectory of exclusive brand penetration, especially as consumer demand responds to higher price points. Sustained merchandise margin and the ability to drive category growth, particularly in work boots and apparel, will also be key indicators of execution. Boot Barn currently trades at a forward P/E ratio of 26×. In the wake of earnings, is it a buy or sell? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
23-05-2025
- Business
- Time of India
India's power transmission body flags regulatory hurdles in equipment procurement
India's power transmission sector is facing acute supply-side bottlenecks, especially in procuring High Voltage Direct Current (HVDC) equipment critical for carrying renewable energy over long distances, raising concerns over the country's ability to meet its 2030 renewable energy targets. The Electric Power Transmission Association (EPTA) has urged the Power Ministry to provide a level-playing field in procurement policies, highlighting a regulatory mismatch that allows renewable energy (RE) developers to bypass subcontracting restrictions, while transmission companies remain bound by them. The association has called for a temporary exemption from these restrictions until December 2030, to help transmission developers procure key HVDC components without delay. 'This mismatch between generation and transmission is hurting the overall power sector and delaying addition of capacity,' said an official from a leading transmission company, reported PTI. According to the official, while RE projects are built in 12–18 months, transmission lines often take 3–4 years, and HVDC systems even longer. The issue stems from restrictions on suppliers and subcontractors from countries sharing land borders with India, particularly China, which is a major source of HVDC equipment. Although these curbs apply to central ministries, autonomous bodies, and public-private partnership (PPP) projects, they also extend to transmission developers operating under the fully privately funded Build-Own-Operate-Transfer (BOOT) model, leaving them similarly affected. The EPTA noted that renewable developers are exempt from these restrictions, following a 2022 clarification by the Ministry of New and Renewable Energy. It stated that while SECI's procurement qualifies as public procurement, the contracts don't fall under 'works contracts,' thereby allowing unrestricted subcontracting, including from China. Transmission developers, on the other hand, continue to face full restrictions under tariff-based competitive bidding (TBCB). 'Despite TBCB projects not being PPPs, the transmission service providers cannot procure or subcontract from countries sharing land borders with India, thereby severely limiting supplier choices,' said an industry official. This asymmetry, industry players say, has created a systemic gap between RE generation and transmission readiness, particularly in HVDC-dependent regions like Rajasthan and Khavda in Gujarat. At present, only two domestic OEMs offer LCC-based HVDC systems, while global manufacturers in Europe and the US are booked until 2030, amid surging renewable installations in the West. As a result, the constrained market is pushing project costs higher, with tariffs reaching up to 17% above levelised rates, and project timelines extending up to six years. 'HVDC projects are vital for renewable energy development, and must be governed by the same procurement norms as RE projects,' EPTA said in its representation to the Power Ministry. Data from two recently concluded HVDC bids show that it took 19 months just to finalise the tender, with an overall implementation window of 54 months. The Central Electricity Regulatory Commission (CERC) has also acknowledged the issue, noting that HVDC component supply constraints are inflating project costs and justifying higher bids. Calling for urgent policy harmonisation, EPTA Director General G P Upadhyaya said: 'A systemic gap has emerged between generation readiness and transmission infrastructure timelines, particularly for HVDC-dependent RE zones like Rajasthan and Khavda in Gujarat. The timely execution of HVDC systems is a critical path for achieving India's renewable energy targets.' With inputs from PTI
