), the leading retailer of casual apparels, footwear and
accessories for men and women, came up with better-than-expected
same-store sales results for the five-week period ended December
The company posted same-store sales growth of 1% in December
2012, reflecting a 5.5% increase in average transaction value.
The company reported an 8.9% increase in comparable store sales
in December 2011. Net sales increased 1.8% to $185 million from
$181.8 million in the comparable prior-year period.
Buckle's performance exceeded that of its peer,
The Cato Corporation
), which marked a decline of 7% in its same store sales results
The company witnessed an increase of 4.5% in total sales in
the men's category, which represented approximately 46.5% of the
sales for December 2012. The rise reflected strong sales of
denim, accessories, knit shirts, and footwear.
However, women's category, which represented 53.5% of total
sales for December 2012, marked a marginal decline in sales when
compared with December 2011. The company witnessed increased
sales in casual bottoms, active apparel, woven tops, accessories,
outerwear, and footwear.
On a combined basis, accessories sales increased approximately
7%, while footwear sales jumped about 17.5% during the period
Further, for the 48-week period ended December 29, 2012,
Buckle's comparable-store sales grew 2.4% compared with the
prior-year period. Net sales increased 4.2% to $1,045 million
from $1,003 million in the comparable prior-year period.
Headquartered in Kearney, Nebraska, Buckle ended the month of
December with 440 retail stores across 43 states. Buckle
currently retains a Zacks #2 Rank that translates into a
short-term 'Buy' rating.
BUCKLE INC (BKE): Free Stock Analysis Report
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