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The Buckle, Inc. Message Board

  • ben.frankliner ben.frankliner Mar 1, 2012 1:24 PM Flag

    Same store sales up 14.8% vs 5.8% estimates

    Same store sales at BKE up 14.8% vs 5.8% estimates

    For the four weeks that ended Feb. 25, total revenue rose 17.4 percent to $86.7 million from $73.9 million in the same month last year

    ENJOY the ride LONGS!!!!!!!!!!!!!!!!!!!!!!!

    http://www.cbsnews.com/8301-505245_162-57388336/buckle-feb-same-store-sales-jump-14.8-pct/

    The Buckle Inc. said Thursday that its sales at stores open at least a year jumped 14.8 percent in February, easily beating Wall Street predictions.

    Analysts, on average, were expecting the teen clothing chain to report a sales increase of 5.8 percent, according to a Thomson Reuters survey.

    Revenue from stores open at least one year is a key indicator of a retailer's health, because it measures growth at existing locations rather than from stores that recently opened or closed. That eliminates some of the volatility of those events.

    For the four weeks that ended Feb. 25, total revenue rose 17.4 percent to $86.7 million from $73.9 million in the same month last year, the company said.

    Sales of women's apparel and accessories rose 19.5 percent, while sales of men's items rose 14.5 percent. Both side of the business got a boost from strong demand for denim, casual tops and footwear, the company said.

    The Buckle, based in Kearney, Neb., operates 431 stores in 43 states.

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43.02-0.83(-1.89%)Apr 17 4:03 PMEDT

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