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The Buckle Q1 Profit Beats View as Same-Store Sales Rise 7.4% (BKE)

By Dividend.com,  May 17, 2012, 09:02:20 AM EDT

Clothing retailer The Buckle, Inc. ( BKE ) on Thursday posted an uptick in first quarter earnings, beating Wall Street estimates, helped by higher sales in established stores.

The Kearney, NE-based company reported first quarter net income of $37.8 million, or 79 cents per share, compared with $33.5 million, or 71 cents per share, in the year-ago period.

Revenue rose 10% from last year to $263.8 million.

On average, Wall Street analysts expected a smaller profit of 76 cents per share, on matching revenue of $263.8 million.

On another positive note, BKE said that same-store sales rose 7.4% from last year. Same-store sales are a key indicator of a retailer's health, since they measure only the performance of stores open for at least one year.

Shares of The Buckle were inactive in premarket trading Thursday.

The Bottom Line
Shares of The Buckle ( BKE ) have a 1.92% dividend yield, based on last night's closing stock price of $41.65. The stock has technical support in the $36-$38 price area. If the shares can firm up, we see overhead resistance around the $44-$46 price levels.

The Buckle, Inc. ( BKE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: BKE



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