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Buckle's (BKE) November Comps Down, Dismal Run Persists
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The Buckle Inc. (BKE - Free Report) posted November sales results, which marked the company’s fourth straight month of dismal comparable sales. It looks like the drab past performance has been denting investors’ confidence in the company.
Evidently, this Zacks Rank #4 (Sell) stock has lost 30.3% in the past six months compared with the industry’s 12% decline.
Coming to the monthly numbers, Buckle reported a 0.6% decline in comps for the four-week period ended Dec 1, after registering a decline of 0.7%, 2.4% and 1% in August, September and October, respectively. However, net sales for November increased 3.9% to $81.3 billion.
Comps for the 43-week year to date (ended Dec 1) dipped 1%. Net sales inched down 1.1% to $702.4 million.
Sales at the company’s Men's category, which contributed nearly 55.5% to sales in November, inched up a bit in a year. However, the company has not been able to revive the performance of the struggling Women’s business. Sales in the Women’s category, which represented 44.5% of the company’s monthly sales, declined 4.5% year over year.
On a combined basis, the accessory business, which constituted nearly 8% of the company’s November sales, dropped 7.5%. However, footwear category that accounted for almost 7% of net sales increased 12%.
Currently, Buckle operates 453 retail stores across 43 states.
Unlike Buckle, Costco (COST - Free Report) , L Brands and Zumiez (ZUMZ - Free Report) delivered positive comps for the month of November. Markedly, Costco, L Brands and Zumiez registered comps growth of 9.2%, 9% and 2.3%, respectively.
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Buckle's (BKE) November Comps Down, Dismal Run Persists
The Buckle Inc. (BKE - Free Report) posted November sales results, which marked the company’s fourth straight month of dismal comparable sales. It looks like the drab past performance has been denting investors’ confidence in the company.
Evidently, this Zacks Rank #4 (Sell) stock has lost 30.3% in the past six months compared with the industry’s 12% decline.
Coming to the monthly numbers, Buckle reported a 0.6% decline in comps for the four-week period ended Dec 1, after registering a decline of 0.7%, 2.4% and 1% in August, September and October, respectively. However, net sales for November increased 3.9% to $81.3 billion.
Comps for the 43-week year to date (ended Dec 1) dipped 1%. Net sales inched down 1.1% to $702.4 million.
Sales at the company’s Men's category, which contributed nearly 55.5% to sales in November, inched up a bit in a year. However, the company has not been able to revive the performance of the struggling Women’s business. Sales in the Women’s category, which represented 44.5% of the company’s monthly sales, declined 4.5% year over year.
On a combined basis, the accessory business, which constituted nearly 8% of the company’s November sales, dropped 7.5%. However, footwear category that accounted for almost 7% of net sales increased 12%.
Currently, Buckle operates 453 retail stores across 43 states.
Unlike Buckle, Costco (COST - Free Report) , L Brands and Zumiez (ZUMZ - Free Report) delivered positive comps for the month of November. Markedly, Costco, L Brands and Zumiez registered comps growth of 9.2%, 9% and 2.3%, respectively.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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