Buckle's Comps Rise in April - Analyst Blog
14 5월 2013 - 2:45AM
Zacks
Despite challenges arising from higher social security payroll
taxes and unexpected cold weather, Buckle Inc.
(BKE) came up with better-than-expected comparable-store sales
(comps) results for the month of April.
Buckle, the retailer of casual apparels, footwear and
accessories for men and women, witnessed a 6.2% increase in comps
when compared with Apr 2012 results. Moreover, results improved
sequentially as comps remained flat in Mar 2013.
Net sales increased 3.1% to $73.8 million from $71.6 million in
the prior-year period. For the 13-week period ended May 4, 2013,
Buckle witnessed a 1.2% rise in comps, while net sales increased
2.3% to $269.7 million.
Besides Buckle, few other retail chains were able to navigate
through this challenging economy. Clothing retailers like
The TJX Companies, Inc. (TJX), Ross Stores
Inc. (ROST) and Zumiez, Inc. (ZUMZ)
witnessed comps increase of 8%, 7% and 4.6%, respectively.
Buckle witnessed an increase of 1.5% in total sales in the men's
category, which comprised roughly 40% of Apr 2013 sales. The rise
reflected strong sales of denim and accessories.
Women's category, which represents 60% of total sales for Apr
2013, marked an increase of 4% when compared with Apr 2012. The
category witnessed increased sales in accessories, denims, woven
tops, active apparel, dresses and footwear.
On a combined basis, accessory sales elevated approximately
7.5%, while footwear sales jumped about 12.5% during the period
under review.
The company opened 1 new store during the month and operates
through 443 retail stores across 43 states.
Headquartered in Kearney, NE, shares of Buckle currently carry a
favorable Zacks Rank #2 (Buy).
BUCKLE INC (BKE): Free Stock Analysis Report
ROSS STORES (ROST): Free Stock Analysis Report
TJX COS INC NEW (TJX): Free Stock Analysis Report
ZUMIEZ INC (ZUMZ): Free Stock Analysis Report
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