Buckle Clocks Strong Q4 Performance, Comparable Store Sales Rises 4.6%

by Shivani Kumaresan, Benzinga Staff Writer

March 10, 2023 8:19 AM | 1 min read | Make a Comment

Buckle Inc BKE reported fourth-quarter FY22 sales growth of 5.5% year-on-year to $401.81 million, beating the consensus of $384.01 million.
Comparable store net sales increased 4.6%. Online sales increased 2.3 percent to $74.8 million.
EPS of $1.76 beat the analyst consensus of $1.56.
Gross profit rose 5.2% Y/Y to $213.1 million, with a margin of 53%.
Operating margin was 27.4%, and operating income for the quarter increased 0.3% to $109.9 million.
The company held $273 million in cash and equivalents as of Jan. 29, 2023.
Price Action: BKE shares traded higher by 2.60% at $37.50 in premarket on the last check Friday.
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