The Buckle, Inc.
), retailer of casual apparel, footwear and accessories for men and
women, reported a 0.7% year-over-year increase in comparable-store
sales (comps) for the five weeks ended Jul 5, 2014. Moreover, net
sales of $84.8 million registered a 2.8% rise from the prior-year
five-week period ended Jul 6, 2013.
Apart from June, Buckle has reported positive comps only once over
the span of last 7 months, which was in Apr 2014, when comps grew
0.8% year over year. Prior to that, comps declined 3.1% in May
2014, 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. Weakness in the Women's category
remains a persistent problem for Buckle.
However, comps for the 22-week period, ended Jul 5, 2014, fell 0.9%
year over year, whereas net sales inched up 0.8% to $428.4 million
from the prior-year 22-week period ended Jul 6, 2013.
As of Jul 10, 2014, Kearney, NE-based Buckle operated 444 retail
stores across 43 states.
Most of the retailers benefited during the month under review, as
favorable weather conditions, aggressive promotional strategies and
improving job prospects adequately allured consumers. Retailers
Rite Aid Corporation
) saw their comparable-store sales increase 3.9% and 3.1%,
respectively, during June.
Moreover, Zumiez raised its sales and earnings forecast for the
second quarter of fiscal 2014 bolstered by better-than-expected
sales results for June.
Further, warehouse retailer,
Costco Wholesale Corporation
) delivered comps growth of 6%, portraying an increase of 6% in the
U.S. and 7% at international locations.
Currently, Buckle carries a Zacks Rank #4 (Sell).
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RITE AID CORP (RAD): Free Stock Analysis Report
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COSTCO WHOLE CP (COST): Free Stock Analysis
BUCKLE INC (BKE): Free Stock Analysis Report
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