The Buckle, Inc.
), the retailer of casual apparel, footwear and accessories for men
and women, reported a 0.8% year-over-year rise in comparable-store
sales (comps) for the four weeks ended May 3, 2014. Moreover, net
sales of $75.6 million increased 2.4% from the prior-year four-week
period ended May 4, 2013.
Shares rose 3.6% on the index following the announcement.
Notably, Buckle had reported negative comps in the past 5 months.
Comps declined 1.8% in Mar 2014, 1.4% in Feb 2014, 6.6% in Jan
2014, 2.8% in Dec 2013 and 0.6% in Nov 2013.
However, comps for the thirteen-week period, ended May 3, 2014,
fell 0.9% year over year, whereas net sales inched up 0.7% to
$271.7 million from the prior-year thirteen-week period ended May
Buckle is not the only retailer which has registered a rise in its
sales performance last month. Other retailers such as
L Brands, Inc.
Costco Wholesale Corp.
) have also witnessed an increase of 8.2%, 8% and 5%, respectively,
in April comps.
For Buckle, sales in the Men's category rose 7% year over year,
driven mainly by strong performance of denim, casual bottoms,
shorts, knit shirts and accessories. Men's category contributed
nearly 42% to Apr 2014 sales.
Sales in the Women's category were down 1% year over year and it
contributed 58% to Apr 2014 sales.
On a combined basis, accessories sales increased 5.5% in the
reported month constituting nearly 8% of April's net sales, while
footwear sales rose 2% constituting nearly 7% of the net sales.
Buckle is scheduled to report its first-quarter fiscal 2014
earnings on May 22, 2014. 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
(Expected Surprise Prediction) of 1.28% (the Most Accurate Estimate
stands at 77 cents whereas the Zacks Consensus Estimate is 78
For a stock to outperform, it needs both a positive Earnings ESP
and a Zacks Rank of #1, 2 or 3. The combination of Buckle's Zacks
Rank #3 (Hold) and negative ESP makes surprise prediction
As of May 8, 2014, Kearney, NE-based Buckle operated 452 retail
stores across 43 states.
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