Boot Barn Holdings Inc. (BOOT) saw its stock surge 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 $200 million share repurchase program and an optimistic outlook for fiscal year 2026.

The western wear retailer reported fourth-quarter earnings per share of $1.22 and net income of $37.5 million. While quarterly sales came in at $453.7 million, slightly below analysts' expectations of $458.6 million, investors seemed to focus on the company's forward-looking statements and capital return plans.

Boot Barn's Board of Directors authorized a $200 million share repurchase program, signaling confidence in the company's financial position and commitment to enhancing shareholder value. Additionally, the company provided a positive outlook for fiscal year 2026, projecting total sales between $2.07 billion and $2.15 billion, with expected net income per diluted share ranging from $5.50 to $6.40. This forward guidance appears to have bolstered investor confidence, contributing to the significant after-hours stock price increase.