Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

The Buckle, Inc. (BKE - Snapshot Report) reported sales data for the month of November (4 weeks ended Nov 30, 2013). The retailer of casual apparel, footwear and accessories for men and women witnessed a 0.6% fall in comps as compared with the year-over-year figure (for the 4-week period ended Dec 1, 2012). Net sales increased 4.6% to $101.2 million from $96.7 million in the prior-year period (ended Nov 24, 2012).

For the 43-week period, Buckle witnessed a 1.1% rise in comps, while net sales increased 3.5% to $890.2 million from $860.1 million in the year-ago period.  

Despite retailers’ increased investment in promotions and lucrative discounts, traffic did not increase considerably. As a result, companies like L Brands, Inc. (LB - Analyst Report) and Costco Wholesale Corp. (COST - Analyst Report) reported results that were below analysts’ expectations. Limited Brands posted negative comps of 5% while Costco reported positive comps of merely 2%.

However, it appears that J. C. Penney Company, Inc. (JCP - Analyst Report), which was in troubled waters, is making a turnaround. This was evident from its comparable-store sales results for November that surged 10.1% amid the reduced consumer spending.

Buckle witnessed an increase of 8.5% year over year in total sales in the men's category, contributing roughly 43.0% to Nov 2013 sales. The rise reflected strong sales of denim, casual bottoms, sweater and outerwear.

Women's category, which accounts for 57.0% of total sales for Nov 2013, marked an increase of 1.5% when compared with Nov 2012. The rise was driven by strong sales of casual bottoms, sweaters, outerwear footwear and accessories.

On a combined basis, accessory sales rose 16% while footwear sales rose about 22.5% in the reported month. Notably, these two categories are estimated to be nearly 8.5% and 6.0%, respectively, of November's net sales.

Kearney, Nebraska-based Buckle, which currently carries a Zacks Rank #3 (Hold), operates 452 retail stores across 43 states.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

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 Zacks.com. 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
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%