Inside BKE’s Results
The retailer reported net income of $60.13 million, or $1.25 per share, compared to $59.30 million, or $1.23 per share, last year. Analysts expected to see EPS of $1.24.
Revenue
Revenue rose 4.3% to $353.54 million from $339.00 million. On average, analysts expected revenue of $353.50 million. Comparable sales for the quarter increased by 1.1%.
Unimpressive Comps & Underperformance
While Buckle reported a 1.1% increase in comparable store sales for the fourth quarter, monthly comps have not been so impressive. Over the last five months, BKE’s monthly comps have been mostly negative.
| Month | Comps |
|---|---|
| February | -2.7% |
| January | +0.8% |
| December | +2.5% |
| November | -1% |
| October | -4.4% |
While BKE’s shares are not collapsing like some of its apparel retail peers, the company has failed to perform in-line with the sector as a whole. In the last 12 months, shares of BKE have increased about 6%, while the retail industry has gained over 15%.
Mutual Funds to Watch
| Symbol | Mutual Fund | Stake |
|---|---|---|
| RYPRX | Royce Premier Invmt | 3.56% |
| RYSEX | Royce Special Equity Invmt | 3.54% |
| PENNX | Royce Pennsylvania Mutual Invmt | 1.88% |
The Bottom Line
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