Buckle July Comps Rise 1.6%, Q2 Sales Hit $319.8M; Earnings Call Set for Aug 21
BKE is trading near its 52-week low of $40.73 (12% above the low).
Summary
Buckle's July comparable store sales rose 1.6%, driving a 4.1% total net sales increase to $115.4 million. For the full second quarter, comparable sales grew 2.1% and net sales reached $319.8 million, up 4.6% year-over-year. This follows a strong Q1 that saw 5.1% comp growth and a 6.1% sales increase. The company also announced its Q2 earnings call for August 21, where full profit details will be disclosed. The steady monthly comp gains suggest sustained consumer demand, though the pace has moderated from Q1 levels.
At the time of this announcement, BKE was trading at $45.42 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $40.73 to $61.69. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: BusinessWire.