Why Buckle Shares Are Surging Today

  • Buckle Inc BKE reported first-quarter FY22 sales growth of 3.3% year-on-year to $309.06 million, beating the consensus of $291.76 million.
  • Comparable store net sales for the quarter increased by 3.7% versus last year.
  • Online sales increased 1.1% Y/Y to $54.3 million.
  • EPS of $1.12 beat the analyst consensus of $0.89.
  • Gross profit rose 3.1% Y/Y to $152.2 million, with the margin contracting 10 basis points to 49.2%.
  • Operating expenses increased 10.2% Y/Y to $79.1 million.
  • The operating margin was 23.6%, and operating income for the quarter declined 3.6% to $73.1 million.
  • The company held $263 million in cash and equivalents as of April 30, 2022.
  • Price Action: BKE shares traded higher by 8.98% at $33.00 in premarket on the last check Thursday.
  • Photo Via Wikimedia Commons
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsSmall CapMoversTrading IdeasBriefswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!