Buckle Q2 EPS Beats, Women's Sales Surge 9.5%
BKE is trading near its 52-week low of $40.73 (7.7% above the low).
Summary
Buckle's fiscal Q2 results beat on both top and bottom lines: EPS of $0.87 vs. $0.81 consensus, net sales up 4.6% to $319.8M. Women's business was the standout, jumping 9.5% to half of total sales, with denim up 11% and alternative pants up nearly 50%. Gross margin improved 40 bps to 47.8%, helped by tariff refunds and fewer markdowns, though operating margin narrowed due to higher marketing and labor spend. Inventory rose 13.3%, a potential watch item. Shares traded up 3% on the news.
At the time of this announcement, BKE was trading at $43.86 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 positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.