Despite challenges arising from higher social security payroll
taxes and unexpected cold weather,
) came up with better-than-expected comparable-store sales
(comps) results for the month of April.
Buckle, the retailer of casual apparels, footwear and
accessories for men and women, witnessed a 6.2% increase in comps
when compared with Apr 2012 results. Moreover, results improved
sequentially as comps remained flat in Mar 2013.
Net sales increased 3.1% to $73.8 million from $71.6 million
in the prior-year period. For the 13-week period ended May 4,
2013, Buckle witnessed a 1.2% rise in comps, while net sales
increased 2.3% to $269.7 million.
Besides Buckle, few other retail chains were able to navigate
through this challenging economy. Clothing retailers like
The TJX Companies, Inc
Ross Stores Inc
) witnessed comps increase of 8%, 7% and 4.6%, respectively.
Buckle witnessed an increase of 1.5% in total sales in the
men's category, which comprised roughly 40% of Apr 2013 sales.
The rise reflected strong sales of denim and
Women's category, which represents 60% of total sales for Apr
2013, marked an increase of 4% when compared with Apr 2012. The
category witnessed increased sales in accessories, denims, woven
tops, active apparel, dresses and footwear.
On a combined basis, accessory sales elevated approximately
7.5%, while footwear sales jumped about 12.5% during the period
The company opened 1 new store during the month and operates
through 443 retail stores across 43 states.
Headquartered in Kearney, NE, shares of Buckle currently carry
a favorable Zacks Rank #2 (Buy).
BUCKLE INC (BKE): Free Stock Analysis Report
ROSS STORES (ROST): Free Stock Analysis
TJX COS INC NEW (TJX): Free Stock Analysis
ZUMIEZ INC (ZUMZ): Free Stock Analysis Report
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