Buckle Q2 Sales Beat Estimates as Comparable Store Growth Accelerates
BKE is trading near its 52-week low of $40.73 (12% above the low).
Summary
Buckle reported fiscal Q2 net sales of $319.8 million, up 4.6% year-over-year and ahead of the $314.6 million consensus. Comparable store sales rose 2.1%, an acceleration from the 1.6% July figure. Net income slipped slightly to $44.4 million from $45.0 million a year ago, with EPS of $0.87. Online sales grew 2.3% to $44.6 million. The company did not provide guidance.
At the time of this announcement, BKE was trading at $45.50 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.2B. 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: Reuters.