The Buckle, Inc.
), the retailer of casual apparel, footwear and accessories for
men and women, witnessed a 1.4% fall in comparable-store sales
(comps) for the 4 weeks ended Mar 1, 2014. However, net sales
increased 0.2% to $89.5 million from $89.3 million in the
prior-year period (ended Mar 2, 2013).
The ice storms due to the polar vortex, which hit a major part of
the U.S. in January and February, prevented shoppers from
venturing outdoors and consequently, hurt the business of
However, some other retailers including
Costco Wholesale Corp.
L Brands Inc.
) emerged strong, gaining from the improved weather in late
February, which coincided with the government's tax refunds that
increased the purchasing power of consumers. The above-mentioned
companies recorded comps growth of 2% each for the 4 weeks ended
Mar 1, 2014.
Buckle witnessed a marginal rise of 1% year over year in total
sales in the men's category, which contributed nearly 41% to Feb
2014 sales. Women's category, which accounted for 59% of total
sales in Feb 2014, fell 1% year over year.
On a combined basis, accessory sales increased 2% while footwear
sales rose 2.5%% in the reported month. Notably, these two
categories are estimated to have constituted nearly 8% and 5.5%,
respectively, of February's net sales.
Buckle is scheduled to announce fourth-quarter results on Mar 14.
Our proven model does not conclusively show Buckle as likely to
beat the Zacks Consensus Estimate this quarter. This is because
Buckle carries a Zacks Rank #3 (Hold) and a negative
of 1.65% (as the Zacks Consensus Estimate stands at $1.21 and the
Most Accurate Estimate is $1.19). For a stock to outperform, it
needs both a positive Earnings ESP and a Zacks Rank of #1, 2 or
As of Mar 6, 2014, Kearney, Nebraska-based Buckle operates 450
retail stores across 43 states.
BUCKLE INC (BKE): Free Stock Analysis Report
COSTCO WHOLE CP (COST): Free Stock Analysis
L BRANDS INC (LB): Free Stock Analysis Report
ZUMIEZ INC (ZUMZ): Free Stock Analysis Report
To read this article on Zacks.com click here.