While the stock got hammered over the same-store sales miss, you have to take into account it followed an incredible 40 consecutive months of comparable sales growth. Same-Store sales were down 1.2% in January, but the comparison was against two-year stacked comps of 33.8%: Jan '09 (+14.7%) and Jan '08 (+19.1%) http://retailsails.com/monthly-sales-summary/the-buckle/monthly-data/
Isn't that when we had that morning, that we opened two points up? Only a month ago, and already it's like those were the good old days. All kidding aside, it's another car business analogy. The street is much like the management. You did a great job last month, but what have you done for me this month? Let's hope the earnings speak for themselves, and shuts the boss up.
there's probably going to be more of the same on the way.
i. SSS have been stellar for BKE it will be difficult for them to continually impress (and SSS don't take store growth or online into account).
ii. New arrivals appear to be much smaller margin than the expensive brands that had been doing well at BKE over the last 8 quarters. It might work but it might also alienate the existing consumer base.
Having said that - other fashion retailers have experienced an appreciation in share price when SSS have tanked - just look at ANF and AEO. It appears to depend upon whether GS likes you or not...
I really believe the weather in the Midwest in January was a significant factor. One of the coldest January's on record and plenty of snow. Like I said before, It got as low as -10 degrees and low temps were below zero as far south as Arkansas and stayed that way for about a week. Nobody drives to the mall in weather like that. Ultimately total revenues were up about 4 1/2 percent in January, so I'm not overly concerned.
I got some back in Oct @ ~33. When it dropped to around 27+, bought some more at 28 and it came back up to 33. Then 3.00 drop yesterday just convinced me I need to bail with .50 cents gain. And I am glad I did that seeing today's action.
I still hold the 33 I bought but will add more once it dropped around 25.00
Never fall in love with a stock.
Yes great, but it's all in the past. We've dropped over 5 points in 2 weeks. What if earnings misses? Another 3 or 4 points down? If I get a chance to get back to even at $33.09, I'll be grateful and out. The policy of no news from the company is disheartening considering what is happening to their share holders value. $3000 special once a year dividend when you hold 1500 shares is great. Down 5 points is $7500 wrong in the stock, I'm still way negative here in this space.
Show me some screenshots of your $7500 loss and then I might just might believe you.
I invest in Buckle in part because I buy from Buckle and I live in the UK. I was also buying via a shipping company even before they offered international shipping. Their website is far and away better than most, by way of selling their garments in actual size in inches instead of a lazy, vague Small, Medium or Large, which most of there competitors do.
Also I'm 31 and can say without doubt the clothes they sell aren't just suitable for teenagers.
When I look at Aeropostale's clothes it's easy to say no one over the age of nineteen would wear anything from there.