The Buckle, Inc.
) came up with better-than-expected comparable-store sales
(comps) results for the month of May. Buckle, the retailer of
casual apparels, footwear and accessories for men and women,
witnessed a 4.1% increase in comps when compared with May 2012
Net sales increased 4.2% to $72.8 million from $69.9 million
in the prior-year period. For the 17-week period ended Jun 1,
2013, Buckle witnessed a 1.8% rise in comps, while net sales
increased 2.7% to $342.5 million from $333.6 million in the
Besides Buckle, other retail chains also posted healthy sales
results for the month of May owing to the improving job market,
lower gas prices and rebound in the housing market.
The Gap, Inc
) registered a 7% rise in comps, substantially up from the 2%
increase witnessed in May 2012, while leading specialty retailer
of women's intimate garments,
L Brands, Inc
) marked a 3% rise in comps. Apparel retailer,
Stein Mart Inc.
), came as a bigger surprise for the month, as it registered an
8.2% rise in comps.
Coming back to Buckle, it witnessed an increase of 4% in total
sales in the men's category, which comprised roughly 41% of May
2013 sales. The rise reflected strong sales of denim,
accessories, knit shirts and active apparel.
Women's category, which represents 59% of total sales for May
2013, marked an increase of 4% when compared with May 2012. The
category witnessed increased sales in accessories, woven tops,
active apparel, dresses and footwear.
On a combined basis, accessory sales elevated approximately
5%, while footwear sales surged about 20.5% during the period
The company opened 1 new store during the month and operates
through 444 retail stores across 43 states.
Headquartered in Kearney, NE, shares of Buckle currently carry
a Zacks Rank #3 (Hold).
BUCKLE INC (BKE): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
L BRANDS INC (LTD): Free Stock Analysis
STEIN MART INC (SMRT): Free Stock Analysis
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