
Please try another search
The Buckle, Inc. (NYSE:BKE) 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 (NASDAQ:ZUMZ) , Stitch Fix (NASDAQ:SFIX) and Abercrombie & Fitch Company (NYSE:ANF) , 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 (NASDAQ:AAPL) 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 >>
As the digital economy starts to go online across businesses and the world, investors have to be aware of the companies and services that will be at the forefront of this...
Wall Street Indexes remain under pressure today but have held above the lows we saw on Tuesday as the Trump administration tariffs came into force. The announcement of tariffs on...
These stocks provide a compelling case as safe-haven stocks in the face of an escalating trade war. Each company operates within sectors that are relatively resilient to economic...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.