The Buckle, Inc. (BKE – Free Report) has been witnessing strength across its men’s and women’s businesses as well as in the accessory category for a while. In addition, BKE’s online wing is consistently showing impressive performance. These factors are aiding BKE’s sales.
Last month, Buckle released its second-quarter fiscal 2022 results, wherein net sales inch up 2.3% year over year to $302 million and also surpassed the Zacks Consensus Estimate of $300 million. Comparable store net sales (comps) for the 13-week period ended Jul 30, 2022, rose 1.6% year over year. Online sales also climbed 6.5% to $46.2 million in the reported quarter.
Shares of this on-trend apparel, accessories and footwear retailer have gained 0.5% in the past three months against the industry’s 11.5% decline. Let’s delve deeper.
August Data
We note that comps for the four-week period ended Aug 27, 2022, grew 4.6% year