The Buckle, Inc. (BKE - Free Report) has been continuing with its sluggish comparable-store sales (comps) performance this year. Comps for the four-week period ended May 28, 2016, fell 11% year over year, continuing the trend of decline – 13.2% in April, 11.8% in March, 8.9% in February and 11.3% in January.
This Zacks Rank #4 (Sell) company generated net sales of $67.4 million in May, down 10.4% year over year. We note that net sales decreased 12.3% in April, 11% in March, 7.7% in February and 10.1% in January.
Sales at the company’s Men's category tumbled 5.5% year over year. The category contributed nearly 46.5% to Buckle’s May sales. Sales in the Women’s category, which represented 53.5% of the company’s monthly sales, declined 12.5% year over year. Buckle has not been able to turn the performance of its struggling Women’s business around.
On a combined basis, accessory sales, which constituted nearly 9.5% of the company’s May sales, dropped 5%, while footwear sales, which accounted for almost 6% of net sales, fell 13%.
Comps for the 17-week period ended May 28, 2016, went down 11.1%, while net sales over the same time frame fell 10.3% to $310.9 million from $346.6 million recorded in the year-ago period.
As of Jun 2, 2016, Buckle operated 467 retail stores across 44 states.
Apart from Buckle, Zumiez, Inc. (ZUMZ - Free Report) and The Cato Corporation (CATO - Free Report) recorded comps decline of 7.6% and 2%, respectively. On the other hand, L Brands, Inc. registered flat comps.
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The Buckle, Inc. (BKE - Free Report) has been continuing with its sluggish comparable-store sales (comps) performance this year. Comps for the four-week period ended May 28, 2016, fell 11% year over year, continuing the trend of decline – 13.2% in April, 11.8% in March, 8.9% in February and 11.3% in January.
This Zacks Rank #4 (Sell) company generated net sales of $67.4 million in May, down 10.4% year over year. We note that net sales decreased 12.3% in April, 11% in March, 7.7% in February and 10.1% in January.
Sales at the company’s Men's category tumbled 5.5% year over year. The category contributed nearly 46.5% to Buckle’s May sales. Sales in the Women’s category, which represented 53.5% of the company’s monthly sales, declined 12.5% year over year. Buckle has not been able to turn the performance of its struggling Women’s business around.
On a combined basis, accessory sales, which constituted nearly 9.5% of the company’s May sales, dropped 5%, while footwear sales, which accounted for almost 6% of net sales, fell 13%.
Comps for the 17-week period ended May 28, 2016, went down 11.1%, while net sales over the same time frame fell 10.3% to $310.9 million from $346.6 million recorded in the year-ago period.
As of Jun 2, 2016, Buckle operated 467 retail stores across 44 states.
Apart from Buckle, Zumiez, Inc. (ZUMZ - Free Report) and The Cato Corporation (CATO - Free Report) recorded comps decline of 7.6% and 2%, respectively. On the other hand, L Brands, Inc. registered flat comps.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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