Buckle Inc Stock Price, News & Analysis

The Buckle, Inc. (BKE) reported a 5.3% increase in comparable store net sales for the 4-week period ending February 27, 2021, compared to the same period last year. Total net sales rose 5.0% to $66.1 million, up from $63.0 million for February 2020. The company is set to announce its fourth quarter and full year fiscal 2020 earnings on March 12, 2021, followed by a conference call at 10:00 a.m. EST. Buckle operates 442 retail stores across 42 states, slightly down from 446 stores a year earlier.

The Buckle, Inc. (NYSE: BKE) reported a significant increase in comparable store net sales for the 4-week and 13-week periods ended January 30, 2021. Comparable store sales rose by 35.3% for the 4-week period and 18.0% for the 13-week fourth quarter compared to the previous year. Overall net sales also surged, reaching $63.1 million for the 4-week period and $318.8 million for the fourth quarter, marking increases of 33.6% and 17.7%, respectively. Year-to-date sales increased modestly by 0.4% for the 52-week period.

The Buckle, Inc. (NYSE: BKE) reported a significant increase in comparable store net sales, rising by 17.9% for the 5-week period ending January 2, 2021, compared to the same period last year. Total net sales reached $169.4 million, a 17.7% increase from $143.9 million a year ago. However, year-to-date comparable store net sales decreased by 1.5%, with total net sales for the 48-week period down 1.7% to $838.2 million. The Company operates 445 stores across 42 states, having closed one store in December.

The Buckle, Inc. (NYSE: BKE) announced a special cash dividend of $2.00 per share and a quarterly dividend of $0.30 per share, both payable on December 29, 2020. Shareholders of record as of the close of business on December 21, 2020 will receive these dividends, which have been accelerated from last year's payment date. Buckle, known for its trendy apparel and denim, operates 446 retail stores across 42 states, catering to fashion-conscious customers.

The Buckle, Inc. (NYSE: BKE) reported a notable increase in comparable store net sales for the four-week period ending November 28, 2020, rising by 8.4% compared to the same period in the previous year. Total net sales for this period amounted to $86.3 million, an increase from $79.8 million in November 2019. However, year-to-date comparable store net sales decreased by 5.4%, with total sales for the 43-week period at $668.8 million, down from $709.1 million in 2019, reflecting ongoing challenges amid a fluctuating retail environment.

The Buckle, Inc. (BKE) reported a net income of $41.6 million, or $0.85 per share, for the fiscal quarter ending October 31, 2020, marking a significant increase from $26.0 million in the same prior year period. Net sales surged 12.0% to $251.0 million, with comparable store sales up 12.4%. Online sales saw an impressive growth of 72.5% to $46.4 million. However, for the 39-week period, net sales declined by 7.4% to $582.4 million, along with a 7.1% decrease in comparable store sales. Overall, net income for the 39-week period rose to $64.5 million, compared to $57.5 million last year.

The Buckle, Inc. has launched a revamped rewards program called Buckle Rewards, effective October 19, enabling customers to earn, track, and redeem points easily. The program features three tiers, where members receive a $10 reward for every 300 points earned. Buckle Credit Cardholders can earn rewards faster, getting up to three times the points and free shipping on eligible purchases. The initiative aims to enhance customer engagement and loyalty as Buckle prepares for the upcoming holiday season, focusing on delivering a personalized shopping experience.

Buckle, Inc. (NYSE: BKE) reported a 12.7% increase in comparable store net sales for the 4-week period ended October 31, 2020, compared to the previous year. Total net sales rose to $78.1 million from $69.6 million. In the third quarter, comparable store sales were up 12.4%, with total sales reaching $251.0 million, up from $224.1 million. However, year-to-date comparable store sales fell 7.1%, and net sales declined 7.4% to $582.4 million.

Upcoming earnings will be announced on November 20, 2020.

The Buckle, Inc. (NYSE: BKE) reported a significant increase in comparable store net sales, up 22.9% for the 5-week period ending October 3, 2020, compared to the same period in 2019. Total net sales reached $94.9 million, a 22.7% rise from $77.3 million last year. However, year-to-date comparable store sales decreased by 9.6%, with total net sales for the 35-week period dropping to $504.4 million from $559.6 million in 2019, marking a 9.9% decline. The company operates 446 stores across 42 states.