Buckle BKE shares dropped as much as two percent after Thursday's opening on news that same-store sales for the teen apparel retailer edged up 0.7 percent in the week ended July 5, beating expectations of a 0.6 percent decline.
That leaves the company with a year-to-date decline in same-store sales of nearly one percent compared with the same period in 2013.
The company posted total sales growth for the recent five weeks of 2.8 percent to $84.8 million from $82.5 million a year earlier. Year-to-date total sales are up just 0.8 percent to $428.4 million, from $425 million in 2013.
About 32 percent of Buckle's stock market float is held at short interest.
Buckle traded recently at $45.67, down 0.37 percent.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
