Buckle's Comps Remain Flat - Analyst Blog
2013年4月16日 - 1:09AM
Zacks
Buckle Inc. (BKE), the retailer of casual
apparels, footwear and accessories for men and women, witnessed
flat comps during March 2013 when compared with March 2012
results.
However, results improved sequentially as it registered a 1.1%
decline in comps in Feb 2013. Net sales increased 1.1% to $106.7
million from $105.5 million in the prior-year period. For the
nine-week period ended April 6, 2013, Buckle witnessed a 0.5%
decline in comps, while net sales increased 1.9% to $195.9 million.
In general, Mar 2013 was tough for most retailers as higher
taxes and unfavorable weather conditions hindered consumer spending
and in turn adversely affected the growth and profitability of
companies.
Other clothing retail chains like The Cato
Corporation (CATO), Gap Inc. (GPS) and
The TJX Companies, Inc. (TJX) witnessed comps
decline of 11%, 1% and 2%, respectively.
Buckle witnessed an increase of 3.5% in total sales in the Men's
category, which comprised roughly 40% of March 2013 sales. The rise
reflected strong sales of denim and accessories.
The Women's category, which represents 60% of total sales for
March 2013, marked a marginal increase when compared with March
2012. The category witnessed increased sales in accessories, woven
tops and footwear.
On a combined basis, accessory sales elevated approximately 12%,
while footwear sales jumped about 11% during the period under
review.
Headquartered in Kearney, NE, Buckle operates through 442 retail
stores across 43 states. Currently, the company retains a favorable
Zacks Rank #2 (Buy).
BUCKLE INC (BKE): Free Stock Analysis Report
CATO CORP A (CATO): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
TJX COS INC NEW (TJX): Free Stock Analysis Report
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