We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Buckle's (BKE) Sluggish Comps Trend Continues to Hurt Stock
Read MoreHide Full Article
The Buckle, Inc. (BKE - Free Report) has been continuing with sluggish comparable-store sales (comps) performance. Comps for the five-week period ended Jul 1, 2017 fell 5.8% year over year, continuing the declining trend – 9% in May, 3.5% in April, 10.1% in March, 23.2% in February and 17.6% in January.
The company generated net sales of $73.6 million in June, down 5.9% year over year. Notably, net sales decreased 8.8% in May, 3.9% in April, 10.1% in March, 23.3% in February and 17.2% in January.
Comps for the 22-week period ended Jul 1, 2017 declined 10.7%, while net sales decreased by 10.8% to $347.3 million.
Further, Buckle’s disappointing performance is evident from its dismal run in the index. Shares of this retailer of casual apparel, footwear and accessories have plunged 23.9% year to date, wider than the Zacks categorized Retail-Apparel/Shoe industry’s decline of 18.9%. Yesterday, the stock declined 2.5% following the company’s soft comps results.
Sales at the company’s Men's category, which contributed nearly 52.5% to Buckle’s June sales, tumbled 4.5% year over year. Moreover, it has not been able to turn the performance of struggling Women’s business around. Sales in the Women’s category, which represented 47.5% of the company’s monthly sales, slumped 10% year over year.
On a combined basis, accessory sales, which constituted nearly 11% of the company’s May sales, dropped 6.5%, while footwear sales, which accounted for almost 6.5% of net sales, rose 3%.
As of Jul 6, 2017, Buckle operated 462 retail stores across 44 states.
Apart from Buckle, Costco Wholesale Corporation (COST - Free Report) , Zumiez Inc. (ZUMZ - Free Report) and L Brands, Inc. came out with comparable sales results for the month of June. While comparable sales for Costco and Zumiez increased 6% and 5.3%, respectively, that of L Brands declined 9%.
Buckle currently carries a Zacks Rank #5 (Strong Sell).
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Buckle's (BKE) Sluggish Comps Trend Continues to Hurt Stock
The Buckle, Inc. (BKE - Free Report) has been continuing with sluggish comparable-store sales (comps) performance. Comps for the five-week period ended Jul 1, 2017 fell 5.8% year over year, continuing the declining trend – 9% in May, 3.5% in April, 10.1% in March, 23.2% in February and 17.6% in January.
The company generated net sales of $73.6 million in June, down 5.9% year over year. Notably, net sales decreased 8.8% in May, 3.9% in April, 10.1% in March, 23.3% in February and 17.2% in January.
Comps for the 22-week period ended Jul 1, 2017 declined 10.7%, while net sales decreased by 10.8% to $347.3 million.
Further, Buckle’s disappointing performance is evident from its dismal run in the index. Shares of this retailer of casual apparel, footwear and accessories have plunged 23.9% year to date, wider than the Zacks categorized Retail-Apparel/Shoe industry’s decline of 18.9%. Yesterday, the stock declined 2.5% following the company’s soft comps results.
Sales at the company’s Men's category, which contributed nearly 52.5% to Buckle’s June sales, tumbled 4.5% year over year. Moreover, it has not been able to turn the performance of struggling Women’s business around. Sales in the Women’s category, which represented 47.5% of the company’s monthly sales, slumped 10% year over year.
On a combined basis, accessory sales, which constituted nearly 11% of the company’s May sales, dropped 6.5%, while footwear sales, which accounted for almost 6.5% of net sales, rose 3%.
As of Jul 6, 2017, Buckle operated 462 retail stores across 44 states.
Apart from Buckle, Costco Wholesale Corporation (COST - Free Report) , Zumiez Inc. (ZUMZ - Free Report) and L Brands, Inc. came out with comparable sales results for the month of June. While comparable sales for Costco and Zumiez increased 6% and 5.3%, respectively, that of L Brands declined 9%.
Buckle currently carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>