Buckle Reports Mixed Q2 Results

Buckle Reports Mixed Q2 Results
  • Buckle Inc BKE reported second-quarter FY22 sales growth of 2.3% year-on-year to $301.97 million, missing the consensus of $304.33 million.
  • Comparable store net sales increased 1.6%. Online sales increased 6.5 percent to $46.2 million.
  • EPS of $1.01 beat the analyst consensus of $0.89.
  • Gross profit rose 2.4% Y/Y to $145.4 million, with a margin of 48.1%.
  • Operating expenses increased 7.3% Y/Y to $79.6 million.
  • The operating margin was 21.7%, and operating income for the quarter declined 3.2% to $65.7 million.
  • The company held $284 million in cash and equivalents as of July 30, 2022.
  • Price Action: BKE shares traded lower by 1.42% at $33.23 on the last check Friday.

Posted In: BriefsEarningsNewsSmall Cap