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Buckle stock undecided after Q4 earnings report

Buckle stock undecided after Q4 earnings report
Wajeeh Khan
Mar 11, 2022, 10:29 AM
  • Buckle says its fourth-quarter profit topped Wall Street estimates.
  • The retailer's revenue jumped 20% on a year-over-year basis.
  • Buckle stock that trades at a PE multiple of 7.52 is down 15% YTD.

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:

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.