Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Zumiez Inc. (ZUMZ) - free report >>
Abercrombie & Fitch Company (ANF) - free report >>
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.
Zumiez Inc. (ZUMZ) - free report >>
Abercrombie & Fitch Company (ANF) - free report >>
Image: Bigstock
Buckle (BKE) Continues With Robust Comps Trend in February
The Buckle, Inc. (BKE - Free Report) came out with comparable store net sales (comps) for the four-week period ended Feb 29, 2020. Notably, comps grew 6.3%, recording the third straight month of improvement. This follows an increase of 7.4% and 5% in January 2020 and December 2019, respectively. Further, net sales for the four-week period rose 6% year over year to $63 million.
In the month under review, total sales at the men’s unit increased 3% year over year. The men’s category contributed 50.5% to the company’s revenues. Additionally, Buckle is progressing well with the women’s business, which represented 49.5% of sales. Sales in the women’s category advanced nearly 7.5% year over year.
Combining men’s and women’s categories, accessory sales in February increased 6.5%, while footwear sales surged 38% from the year-ago period’s figure. The accessory and footwear categories accounted for roughly 8.5% and 9% of total sales, respectively.
Currently, Buckle, which shares space with Zumiez (ZUMZ - Free Report) , Stitch Fix (SFIX - Free Report) and Abercrombie & Fitch Company (ANF - Free Report) , operates 446 retail stores across 42 states.
Management is currently on track with efforts, such as enhancing marketing efficiency, store remodeling and technology upgrades. Moreover, the company has been experiencing positive results across most of its key categories — men’s, women’s and footwear. These factors act as key growth catalysts for the company’s top-line performance.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>