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BKE Buckle News Story

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Consumer CyclicalsBalancedMid CapSuper Stock

Apparel retailer Buckle beats Q2 sales estimates

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

MetricBeat/MissActualConsensus Estimate
Q2 SalesBeat$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.)

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