Back to top

Analyst Blog

The Buckle, Inc. (BKE - Snapshot Report) witnessed a 2.1% rise in comps when compared with Jul 2012 results. Net sales increased 16.7% to $77.2 million from $66.2 million in the prior-year period. For the second quarter ended Aug 3, 2013, Buckle witnessed a 3.2% rise in comps, while net sales increased 7.9% to $232.5 million from $215.5 million in the year-ago period.  

On the whole, July sales were soft for most retailers as weak traffic played spoilsport. Discount store operator, Fred's, Inc. (FRED - Analyst Report), witnessed a 2.5% rise in comps, while the clothing chain, The Gap, Inc. (GPS - Analyst Report), witnessed a 1% increase. However, specialty retailer, The Cato Corporation , witnessed a 5% decline in comps. 

Going forward, with high inventory levels for the key back-to-school season, retailers will have to spend more on promotions and come up with value pricing to make the most of the second-best shopping season after the winter holidays. However, discounts and hot deals could eat away margins.

Coming back to Buckle, it witnessed an increase of 14% in total sales in the men's category, which comprised roughly 41% of Jul 2013 sales. The rise reflected strong sales of denim, accessories, knit shirts and active apparel. 

Women's category, which represents 59% of total sales for Jul 2013, marked an increase of 17% when compared with Jul 2012. The category witnessed increased sales in footwear, woven tops, active apparel and dresses.

On a combined basis, accessory sales declined approximately 4%, while footwear sales rose about 5.5% during the period under review.

The company opened 8 new stores during the month and operates through 452 retail stores across 43 states. Headquartered in Kearney, Neb., shares of Buckle currently carry a Zacks Rank #3 (Hold).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
QIHOO 360 T… QIHU 95.04 +4.95%
PILGRIMS PR… PPC 31.52 +3.72%
WILLIAMS(C)… CWEI 138.97 +3.55%
FLAMEL TECH… FLML 14.02 +3.16%
CALLON PETE… CPE 11.50 +3.14%