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 Nov 26, 2016, fell 16.2% year over year, continuing the declining trend – 15.5% both in October and September, 14.8% in August, 10.9% in July, 10.6% in June, 11% in May, 13.2% in April, 11.8% in March, 8.9% in February and 11.3% in January.
The company generated net sales of $81.5 million in October, down 15.9% year over year. Notably, net sales decreased 15.1% in October, 14.8% in September, 14% in August, 9.8% in July, 10.1% in June, 10.4% in May, 12.3% in April, 11% in March, 7.7% in February and 10.1% in January.
Buckle’s disappointing performance was also visible from its dismal run in the index. Shares of this retailer of casual apparel, footwear, and accessories have declined 21.2% so far in the year, and underperformed the Zacks Categorized Retail-Wholesale industry that increased 2.8% in the same time frame.
Sales at the company’s Men's category, which contributed nearly 50% to Buckle’s November sales, tumbled 10% year over year. Sales in the Women’s category, which represented 50% of the company’s monthly sales, slumped 20.5% 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% of the company’s October sales, dropped 13.5%, while footwear sales, which accounted for almost 6% of net sales, plummeted 22%.
Comps for the 43-week period ended Nov 26, 2016, declined 12.9%, while net sales over the period decreased 12.2% to $776.5 million from $884.5 million reported in the year-ago period.
As of Dec 1, 2016, Buckle operated 471 retail stores across 44 states.
Apart from Buckle, Costco Wholesale Corporation (COST - Free Report) , L Brands, Inc. and Zumiez Inc. (ZUMZ - Free Report) came out with their comparable sales results for the month of November registering an increase of 1%, 4% and 5.7%, respectively.
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.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 ""Strong Buy"" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 ""Strong Sells"" and other private research. See these stocks free >>
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 >>
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 Nov 26, 2016, fell 16.2% year over year, continuing the declining trend – 15.5% both in October and September, 14.8% in August, 10.9% in July, 10.6% in June, 11% in May, 13.2% in April, 11.8% in March, 8.9% in February and 11.3% in January.
The company generated net sales of $81.5 million in October, down 15.9% year over year. Notably, net sales decreased 15.1% in October, 14.8% in September, 14% in August, 9.8% in July, 10.1% in June, 10.4% in May, 12.3% in April, 11% in March, 7.7% in February and 10.1% in January.
Buckle’s disappointing performance was also visible from its dismal run in the index. Shares of this retailer of casual apparel, footwear, and accessories have declined 21.2% so far in the year, and underperformed the Zacks Categorized Retail-Wholesale industry that increased 2.8% in the same time frame.
Sales at the company’s Men's category, which contributed nearly 50% to Buckle’s November sales, tumbled 10% year over year. Sales in the Women’s category, which represented 50% of the company’s monthly sales, slumped 20.5% 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% of the company’s October sales, dropped 13.5%, while footwear sales, which accounted for almost 6% of net sales, plummeted 22%.
Comps for the 43-week period ended Nov 26, 2016, declined 12.9%, while net sales over the period decreased 12.2% to $776.5 million from $884.5 million reported in the year-ago period.
As of Dec 1, 2016, Buckle operated 471 retail stores across 44 states.
Apart from Buckle, Costco Wholesale Corporation (COST - Free Report) , L Brands, Inc. and Zumiez Inc. (ZUMZ - Free Report) came out with their comparable sales results for the month of November registering an increase of 1%, 4% and 5.7%, respectively.
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.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 ""Strong Buy"" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 ""Strong Sells"" and other private research. See these stocks free >>
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 >>
Get the latest research report on ZUMZ - FREE
Get the latest research report on COST - FREE
Get the latest research report on BKE - FREE