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Boot Barn Holdings, Inc.

BOOT

Consumer Discretionary

1

exclusion reason

1 theme

Animal Welfare (1)
BOOT Consumer Discretionary Current as of March 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Animal Exploitation
Since Jul 28, 2021

Boot Barn Holdings, Inc. is a major Western and work-themed retailer whose core product lines rely on materials derived from animal exploitation. The company sells footwear, apparel, and accessories made from leather, which is a direct byproduct of the global meat and dairy industries. As a vertically integrated retailer with over 300 stores, its business model is fundamentally tied to the commercial use of animal hides.

The company's regulatory filings acknowledge that its merchandise supply chain, which sources heavily from international manufacturers, faces risks from violations of laws related to its products. While specific incidents tied to Boot Barn's direct supply chain are not detailed in public enforcement records, the company's scale and product focus implicate it in the systemic practices of the animal agriculture industry, from which its primary material is sourced.

Research Sources 1 organization
Cruelty Free Investors
External

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.