Overview
Buckle fiscal Q2 net sales rise 8.3%, beating analyst expectations
Net income for fiscal Q2 increases to $45.0 mln, or $0.90 per share
Online sales surge 17.7% in fiscal Q2, boosting overall sales
Result Drivers
COMPARABLE STORE SALES - Buckle reports a 7.3% increase in comparable store sales for Q2
ONLINE SALES GROWTH - Online sales surged 17.7% in Q2, contributing significantly to overall sales growth
NET INCOME INCREASE - Net income rose to $45 mln, reflecting improved sales performance
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$305.70 mln
$290 mln (2 Analysts)
Q2 EPS
$0.90
Q2 Net Income
$45.01 mln
Q2 Gross Profit
$145.01 mln
Q2 Operating Income
$56.34 mln
Q2 Pretax Profit
$59.61 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 $51.00, about 7.5% below its August 21 closing price of $54.85
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nBw1d6dQga
(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.)