Free Research Report as Buckle’s Quarterly Earnings Advanced 11.76%

Stock Monitor: Duluth Holdings Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 26, 2018 / If you want access to our free earnings report on The Buckle, Inc. (NYSE: BKE) ( “Buckle “), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BKE. The Company reported its financial results on May 25, 2018, for the first quarter of the fiscal year 2018, ended May 05, 2018. The Company surpassed analysts’ estimates for earnings but missed revenue forecasts in Q1 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Duluth Holdings Inc. (NASDAQ: DLTH), which also belongs to the Services sector as the Company Buckle. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, The Buckle most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For Q1 FY18, Buckle’s total sales, net of returns and allowances, reached $204.90 million, reflecting a decrease of 3.46% from $212.25 million in Q1 FY17. The Company’s revenue numbers missed analyst’s consensus estimates by $2.28 million.

For the 13-week period ended May 05, 2018, Buckle’s comparable store net sales decreased 3.1% compared to the prior year’s 13-week period ended May 06, 2017. The Company’s online sales increased approximately 6% to $23.10 million on a y-o-y basis in the quarter ended May 05, 2018, from $21.80 million in same period of last year.

During Q1 FY18, Buckle’s cost of sales, including buying, distribution, and occupancy costs, was $125.21 million, 4.08% lower than $130.53 million in Q1 FY17. The Company had a gross profit of $79.69 million in the reported quarter, down 2.48% from $81.72 million in the previous year’s comparable quarter.

Buckle incurred total operating expenses of $56.43 million in Q1 FY18, 0.44% lower than $56.68 million in Q1 FY17. For the quarter under review, the Company’s selling expenses declined 2.27% to $45.85 million on a y-o-y basis, while its general and administrative (G&A) expenses increased 8.37% to $10.58 million on a y-o-y basis. Buckle’s income from operations declined 7.10% to $23.26 million in Q1 FY18 from $25.04 million in Q1 FY17.

Buckle had a net income of $18.34 million in the quarter ended May 05, 2018, an increase of 12.61% from $16.29 million in Q1 FY17. The Company’s diluted EPS also rose 11.76% to $0.38 in the reported quarter from $0.34 in the year ago corresponding quarter. This exceeded analysts’ consensus estimates by $0.02 per share.

Cash Matters

Buckle had cash and cash equivalents of $168.39 million as on May 05, 2018, a decrease of 18.99% from $207.87 million as on April 29, 2017.

Outlook

On June 04, 2018, Buckle’s Board of Directors authorized a quarterly dividend of $0.25 per share, to be paid to shareholders of record at the close of business on July 13, 2018, with a payment date of July 27, 2018.

Stock Performance Snapshot

June 25, 2018 – At Monday’s closing bell, The Buckle’s stock dropped 1.42%, ending the trading session at $27.70.

Volume traded for the day: 289.43 thousand shares.

Stock performance in the last month – up 7.57%; previous three-month period – up 29.74%; past twelve-month period – up 78.92%; and year-to-date – up 26.56%

After yesterday’s close, The Buckle’s market cap was at $1.33 billion.

Price to Earnings (P/E) ratio was at 14.49.

The stock has a dividend yield of 3.61%.

The stock is part of the Services sector, categorized under the Apparel Stores industry.

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