We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Buckle's Sluggish Comparable Sales Continue to Hurt Stock
Read MoreHide Full Article
The Buckle, Inc. (BKE - Free Report) has been continuing with sluggish comparable-store sales (comps) performance. Comps for the four-week period ended Feb 25, 2017, fell 23.2% year over year, continuing the declining trend – 17.6% in January, 15.5% in December, 16.2% in November, 15.5% in both October and September.
The company generated net sales of $62.8 million in February, down 23.3% year over year. Notably, net sales decreased 17.2% in January, 15.1% in December, 15.9% in November, 15.1% in October and 14.8% in September.
Further, Buckle’s disappointing performance was visible from its dismal run in the index. Shares of this retailer of casual apparel, footwear and accessories have plunged 25.3% in the past six months compared with the Zacks Categorized Retail-Apparel/Shoe industry that witnessed a decline of 12.9% in the same time frame.
Sales at the company’s Men's category, which contributed nearly 46.5% to Buckle’s February sales, tumbled 21.5% year over year. Moreover, the company has not been able to turn the performance of its struggling Women’s business around. Sales in the Women’s category, which represented 53.5% of the company’s monthly sales, slumped 24.5% year over year.
On a combined basis, accessory sales, which constituted nearly 8.5% of the company’s February sales, dropped 22.5%, while footwear sales, which accounted for almost 5.5% of net sales, plunged 28%.
As of Mar 2, 2017, Buckle, which shares space with The Children's Place, Inc. (PLCE - Free Report) , operated 465 retail stores across 44 states.
Apart from Buckle, Costco Wholesale Corporation (COST - Free Report) and L Brands, Inc. (LB - Free Report) came out with their comparable sales results for the month of February. While comparable sales for Costco increased 4% that of L Brands declined 13%.
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Buckle's Sluggish Comparable Sales Continue to Hurt Stock
The Buckle, Inc. (BKE - Free Report) has been continuing with sluggish comparable-store sales (comps) performance. Comps for the four-week period ended Feb 25, 2017, fell 23.2% year over year, continuing the declining trend – 17.6% in January, 15.5% in December, 16.2% in November, 15.5% in both October and September.
The company generated net sales of $62.8 million in February, down 23.3% year over year. Notably, net sales decreased 17.2% in January, 15.1% in December, 15.9% in November, 15.1% in October and 14.8% in September.
Further, Buckle’s disappointing performance was visible from its dismal run in the index. Shares of this retailer of casual apparel, footwear and accessories have plunged 25.3% in the past six months compared with the Zacks Categorized Retail-Apparel/Shoe industry that witnessed a decline of 12.9% in the same time frame.
Sales at the company’s Men's category, which contributed nearly 46.5% to Buckle’s February sales, tumbled 21.5% year over year. Moreover, the company has not been able to turn the performance of its struggling Women’s business around. Sales in the Women’s category, which represented 53.5% of the company’s monthly sales, slumped 24.5% year over year.
On a combined basis, accessory sales, which constituted nearly 8.5% of the company’s February sales, dropped 22.5%, while footwear sales, which accounted for almost 5.5% of net sales, plunged 28%.
As of Mar 2, 2017, Buckle, which shares space with The Children's Place, Inc. (PLCE - Free Report) , operated 465 retail stores across 44 states.
Apart from Buckle, Costco Wholesale Corporation (COST - Free Report) and L Brands, Inc. (LB - Free Report) came out with their comparable sales results for the month of February. While comparable sales for Costco increased 4% that of L Brands declined 13%.
Buckle currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>