Overview
Buckle fiscal Q3 net sales up 9.3% yr/yr
Net income for fiscal Q3 rises to $48.7 mln, with EPS at $0.96
Online sales for fiscal Q3 increased 13.6% to $53.0 mln
Outlook
Buckle did not provide specific guidance for future quarters in press release
Result Drivers
NET SALES GROWTH - Buckle reports 9.3% increase in net sales for Q3, driven by higher comparable store sales
ONLINE SALES INCREASE - Online sales rose 13.6% to $53.0 mln in Q3, contributing to overall revenue growth
INCREASED PROFITABILITY - Buckle's net income rose to $48.7 mln for Q3, with EPS at $0.96
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | $320.80 mln | $320.84 mln (1 Analyst) | |
Q3 EPS | $0.96 | ||
Q3 Net Income | $48.70 mln | ||
Q3 Gross Profit | $153.91 mln | ||
Q3 Operating Income | $60.91 mln | ||
Q3 Pretax Profit | $64.50 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy."
Wall Street's median 12-month price target for Buckle Inc is $55.00, about 0% below its November 20 closing price of $55.02
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nBw7sMFpqa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Comments