Buckle Inc (NYSE: BKE) stock is up more than 1.0% on Friday after the apparel and accessories retailer said its fiscal fourth-quarter profit topped Wall Street estimates.
What Buckle Q4 earnings report tells us
- Net income printed at $83.9 million versus the year-ago figure of $65.6 million.
- On a per-share basis, the retailer earned $1.69 compared to $1.33 last year.
- At $380.9 million, sales were up 20% on a year-over-year basis.
- FactSet consensus was for $1.48 of EPS on $380.9 million in sales.
- Digital sales climbed by 10.5% as per the earnings press release.
- Comparable sales also jumped 20%, in line with expectations.
Buckle stock is down 15% year-to-date
The earnings report comes only weeks after Buckle named eight new vice presidents and 3 senior vice presidents. CEO Dennis H. Nelson said:
2021 was an incredible year of growth across all aspects of our business. Our ongoing success is the direct result of the talent, dedication, and hard work of each of our 8,000 teammates, including leaders we are recognizing today. Their leadership has been instrumental to our success and has our teams well-positioned for 2022 and beyond.
Late last year, Buckle raised its quarterly dividend by 6.1% and announced a special cash dividend of $5.65 a share. Buckle stock is down roughly 15% for the year.
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Source: https://invezz.com/news/2022/03/11/buckle-stock-undecided-after-q4-earnings-report/