Apparel retailer Buckle's Q4 net sales rise 5.3% yr/yr
Overview
U.S. apparel retailer's fiscal Q4 net sales rose 5.3% yr/yr
Comparable store sales for fiscal Q4 increased 3.9% yr/yr
Diluted EPS for fiscal Q4 rose to $1.59 from $1.53 a year earlier
Outlook
Company did not provide specific guidance or outlook for the current qtr or fiscal yr
Result Drivers
COMPARABLE STORE SALES - Q4 comparable store net sales rose 3.9% yr/yr, contributing to overall sales growth
ONLINE SALES GROWTH - Q4 online sales increased 6.4% yr/yr, supporting total revenue gains
Company press release: ID:nBw30nhzva
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS |
| $1.59 |
|
Q4 Net Income |
| $80.85 mln |
|
Q4 Comparable store net sales Growth |
| 3.9% |
|
Q4 Gross Profit |
| $209.97 mln |
|
Q4 Operating Income |
| $100.64 mln |
|
Q4 Pretax Profit |
| $105.39 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy."
Wall Street's median 12-month price target for Buckle Inc is $55.00, about 8.6% above its March 12 closing price of $50.66
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago
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