Buckle Shares Surge On Q3 Earnings Beat

Buckle Shares Surge On Q3 Earnings Beat
  • Buckle Inc BKE reported third-quarter FY22 sales growth of 4% year-on-year to $332.34 million, beating the consensus of $326.65 million.
  • Comparable store net sales increased 3%. Online sales increased 8.8 percent to $46.2 million.
  • EPS of $1.24 beat the analyst consensus of $1.19.
  • Gross profit rose 2.7% Y/Y to $165.4 million, with a margin of 49.8%.
  • The operating margin was 23.9%, and operating income for the quarter declined 3.4% to $79.4 million.
  • The company held $325 million in cash and equivalents as of October 29, 2022.
  • Price Action: BKE shares traded higher by 4.59% at $41.50 in premarket on the last check Friday.
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