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
Metric
Beat/Miss
Actual
Consensus 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
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(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.)