The Buckle, Inc. (BKE - Free Report) continued with its dismal comparable store net sales (comps) performance for the seventh straight month in February. The company’s bearish run on the bourses is a reflection of the same.
In the past six months, shares of this Kearney, NE-based company have lost approximately 20% compared with the industry’s decline of roughly 23.2%. Moreover, since the announcement of February sales results on Mar 7, shares of this retailer of casual apparel, footwear and accessories have lost more than 3%.
Number Crunching
Coming to the monthly numbers, Buckle reported 6.8% decline in comparable store net sales (comps) for the four-week period ended Mar 2, after registering a decline of 2.2% in January 2019. In December, October, September and August of 2018, the company witnessed comps decline of 0.2%, 1%, 2.4% and 0.7%, respectively. Net sales were $59.4 million in February, down 7.2% year over year. This follows a decrease of 17.9% in January.
Sales at the company’s Men's category, which contributed nearly 51.5% to sales in February, were down 4% year over year for the four-week period ended Mar 2, 2019. Also, Buckle has not been able to revive the performance of the struggling Women’s business. Sales in the Women’s category, which represented 48.5% of the company’s monthly sales, declined roughly 10% during the aforementioned period.
On a combined basis, accessory sales, which constituted nearly 8.5% of the company’s February sales, decreased 7%. However, footwear sales, which accounted for almost 6.5% of net sales, increased 2%.
3 Stocks to Watch
Zumiez Inc. (ZUMZ - Free Report) delivered average positive earnings surprise of 13.3% in the trailing four quarters. It has a long-term earnings growth rate of 12.5% and sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Foot Locker, Inc. (FL - Free Report) delivered average positive earnings surprise of 8.8% in the trailing four quarters. It has a long-term earnings growth rate of 9.2% and a Zacks Rank #1.
Shoe Carnival, Inc. (SCVL - Free Report) delivered average positive earnings surprise of 31.4% in the trailing four quarters. It sports a Zacks Rank #1.
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The Buckle, Inc. (BKE - Free Report) continued with its dismal comparable store net sales (comps) performance for the seventh straight month in February. The company’s bearish run on the bourses is a reflection of the same.
In the past six months, shares of this Kearney, NE-based company have lost approximately 20% compared with the industry’s decline of roughly 23.2%. Moreover, since the announcement of February sales results on Mar 7, shares of this retailer of casual apparel, footwear and accessories have lost more than 3%.
Number Crunching
Coming to the monthly numbers, Buckle reported 6.8% decline in comparable store net sales (comps) for the four-week period ended Mar 2, after registering a decline of 2.2% in January 2019. In December, October, September and August of 2018, the company witnessed comps decline of 0.2%, 1%, 2.4% and 0.7%, respectively. Net sales were $59.4 million in February, down 7.2% year over year. This follows a decrease of 17.9% in January.
Sales at the company’s Men's category, which contributed nearly 51.5% to sales in February, were down 4% year over year for the four-week period ended Mar 2, 2019. Also, Buckle has not been able to revive the performance of the struggling Women’s business. Sales in the Women’s category, which represented 48.5% of the company’s monthly sales, declined roughly 10% during the aforementioned period.
On a combined basis, accessory sales, which constituted nearly 8.5% of the company’s February sales, decreased 7%. However, footwear sales, which accounted for almost 6.5% of net sales, increased 2%.
3 Stocks to Watch
Zumiez Inc. (ZUMZ - Free Report) delivered average positive earnings surprise of 13.3% in the trailing four quarters. It has a long-term earnings growth rate of 12.5% and sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Foot Locker, Inc. (FL - Free Report) delivered average positive earnings surprise of 8.8% in the trailing four quarters. It has a long-term earnings growth rate of 9.2% and a Zacks Rank #1.
Shoe Carnival, Inc. (SCVL - Free Report) delivered average positive earnings surprise of 31.4% in the trailing four quarters. It sports a Zacks Rank #1.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
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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