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BKE Buckle News Story

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Apparel retailer Buckle's Q3 net sales rises

Overview

Buckle fiscal Q3 net sales up 9.3% yr/yr

Net income for fiscal Q3 rises to $48.7 mln, with EPS at $0.96

Online sales for fiscal Q3 increased 13.6% to $53.0 mln

Outlook

Buckle did not provide specific guidance for future quarters in press release

Result Drivers

NET SALES GROWTH - Buckle reports 9.3% increase in net sales for Q3, driven by higher comparable store sales

ONLINE SALES INCREASE - Online sales rose 13.6% to $53.0 mln in Q3, contributing to overall revenue growth

INCREASED PROFITABILITY - Buckle's net income rose to $48.7 mln for Q3, with EPS at $0.96

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Sales$320.80 mln$320.84 mln (1 Analyst)
Q3 EPS$0.96
Q3 Net Income$48.70 mln
Q3 Gross Profit$153.91 mln
Q3 Operating Income$60.91 mln
Q3 Pretax Profit$64.50 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" The average consensus recommendation for the apparel & accessories retailers peer group is "buy." Wall Street's median 12-month price target for Buckle Inc is $55.00, about 0% below its November 20 closing price of $55.02 The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago Press Release: ID:nBw7sMFpqa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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