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  "documentTitle": "Boot Barn Holdings, Inc. (BOOT)",
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  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-05-08 00:00:00",
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  "notes": "Uses a historical financial table from Boot Barn's IPO prospectus to contrast with Tecovas's current growth trajectory.",
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      "text": "In 2024, Tecovas will open its first store in the Northeast and two stores in California as well as other locations, Lafitte said. The company has grown from about $1 million in net sales in its first year to more than $200 million in annual net sales, Lafitte said.",
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      "text": "Spruce Point does not believe the market appreciates how quickly competitors are growing at Boot Barn's expense.",
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      "text": "net sales: $200 million",
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      "text": "Spruce Point does not believe the market appreciates how quickly competitors are growing at Boot Barn's expense. Tecovas was founded in 2015 and after just 8 years has already reached the $200 million sales mark and is profitable.",
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      "text": "In 2024, Tecovas will open its first store in the Northeast and two stores in California as well as other locations, Lafitte said. The company has grown from about $1 million in net sales in its first year to more than $200 million in annual net sales, Lafitte said. — David Lafitte",
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      "text": "Sources: BOOT IPO Prospectus (Sept 2014); Austin American-Statesman, March 28, 2024; press releases.",
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      "text": "Tecovas Is A Fast-Growing Competitor",
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