Buckle’s (BKE) Sturdy Sales Trend Continues in December

This story originally appeared on Zacks

The Buckley, Inc. BKE has been putting in an excellent show for the past few months. BKE’s impressive sales continued into December 2021 as net sales for the five-week fiscal month ended January 1, 2022 increased 17.3% to $198.7 million from $169.4 million recorded in the five-week fiscal month ended January 2, 2021. These clothing, footwear Retail and accessory stores posted sales increases of 35.9%, 23.6%, 17.3% and 43%, respectively, in the previous four months.
For the fiscal month under review, store net sales similar to stores open for at least one year were up 17.7% year over year. The scale jumped 36%, 23.3%, 17.8%, and 42.7%, respectively, in the previous four months.
For the five-week fiscal month ending January 1, 2022, total sales in the men’s unit were 14.5% higher than the figure for the five-week period ending January 2, 2021 while the metric in the women’s business jumped 20%. The men’s category contributed 57.5% of BKE’s total monthly sales, while the women’s category accounted for 42.5%.
When combining the men’s and women’s categories, accessories sales for the fiscal month were up 26.5% while footwear sales were up 4% from the December figure for the corresponding fiscal year 2020. The accessories and footwear categories accounted for 11% and 10.5%, respectively, of total December 2021 sales for the fiscal year. For the corresponding period of fiscal 2020, these two categories accounted for 10% and 12%, respectively.
For the 48-week period to date ending January 1, 2022, net sales jumped 46.7% year-over-year to $1,230 billion from net sales of $838.2 million in the prior-year fiscal period ending January 2, 2021. Also, net sales were up Similar stores increased 46.7% year-over-year during the 48-week period ending January 1, 2022.

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price performance

Benefiting from a stellar sales trend, Zacks’ No. 1 stock (strong buy) is currently up 25% in the past year versus an industry decline of 17.8%. you can see The full list of Zacks #1 stocks today is here.

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Buckle has also seen strong momentum in the e-commerce business so far. During the third quarter of fiscal year 2021, online sales were up 9% to $50.5 million for the 13-week period ending October 30, 2021. Strong gains from BKE’s women’s and men’s merchandise categories also contributed to its performance for a while.
The Kearney-based, northeastern US firm Buckle currently operates 440 retail outlets across 42 states, including one store closing. BKE operated 445 stores in 42 states as of January 6, 2021.

More hot stocks in retail

Some of the other top-rated stocks are Zumiez ZUMZ, texture TPR and costco cost.
Zumiez, a global lifestyle retailer, currently boasts a Zacks rating of 1. Shares of ZUMZ have increased 19.7% in the past year.
A Zacks consensus estimate for Zumiez’s financial sales for 2022 suggests a growth of 1.1% over the reading for the period last year. ZUMZ has a big surprise in fourth-quarter earnings on average.
Tapestry, the leading accessory designer, currently holds Zacks’ #1 rank. TPR posted a surprise fourth-quarter profit of 29% on average. The stock is up 21.1% in the past year.
Zacks consensus estimate for Tapestry’s 2022 financial sales and earnings per share indicates growth of 14.8% and 17.9%, respectively, from comparable levels last year. TPR has a projected EPS growth rate of 12.3% for three to five years.
Costco, a general merchandise retailer, has Zacks ranked No. 2 at present. COST shares are up 48.6% in the past year.
Zacks’ consensus estimate for Costco’s 2022 financial sales and earnings per share indicates growth of 7.6% and 9.5%, respectively, from comparable numbers last year. COST has an expected quarterly earnings surprise of 8.3%, on average.

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