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Buckle's Solid September Comparable Sales Cheer Investors

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The Buckle, Inc. (BKE - Free Report) came out with comparable store net sales (comps) for the five-week period ended Oct 5, 2019. Notably, comps increased 3%, slightly lower than an increase of 3.1% in the preceding month. Net sales for the month under review improved 2.5% year over year to $77.3 million.

Following a decent comps performance, shares of this Zacks Rank #2 (Buy) company rose approximately 6% during the trading session on Oct 10. Moreover, shares of this Kearney, NE-based company have increased 17% in the past three months, outperforming the industry’s 15.8% decline.

In September, total sales at the men’s unit — which contributed nearly 49% to its revenues — jumped 4.5% year over year. Also, Buckle is progressing well with the women’s business. Sales in the women’s category, which represented 51% of sales, grew 4% year over year during the said period.

With men’s and women’s categories combined, accessory sales in September increased around 7%, while footwear sales grew approximately 20% from a year ago.

Additionally, management revealed sales figures for the 35-week period ended Oct 5. During this period, comps improved 1% year over year, while net sales increased 0.5% to $559.6 million.

Buckle is on track with efforts such as enhancing marketing efficiency, store remodeling and technology upgrades. These are likely to aid the company’s performance in the forthcoming periods, thereby boosting investors’ sentiments.

Currently, Buckle operates 449 retail stores across 42 states.

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