Shares of Boot Barn Holdings Inc. (BOOT) surged 11.04% in after-hours trading on Wednesday, following the release of its fourth-quarter and fiscal year 2025 financial results, coupled with the announcement of a significant share repurchase program and an optimistic outlook for the coming fiscal year.

The western wear retailer reported a fourth-quarter net income of $37.5 million, with earnings per share (EPS) of $1.22. While the company's Q4 sales of $453.7 million slightly missed analysts' expectations of $458.6 million, investors appeared to focus on the positive aspects of the report and future projections.

Adding to the enthusiasm, Boot Barn's Board of Directors authorized a $200 million share repurchase program. The company plans to buy back its common stock through various methods, including open market purchases and privately negotiated transactions. This move signals management's confidence in the company's financial health and future prospects. Furthermore, Boot Barn provided an upbeat forecast for fiscal year 2026, projecting total sales between $2.070 billion and $2.150 billion, with net income per diluted share expected to range from $5.50 to $6.40. This positive outlook, combined with the strong Q4 results and the share buyback announcement, likely contributed to the significant after-hours stock price increase.