BKE Stock Recent News

Buckle, Inc., a US retailer of casual apparel, footwear, and accessories, has seen a 13% increase in stock price since our last writing in October 2022, underperforming the broader market. Despite a challenging macroeconomic environment, the company has maintained strong fundamentals, including profitability, efficiency, and liquidity. These strong fundamentals, and the improving macroeconomic environment are expected to positively impact sales, earnings, and margins, leading to an upgrade in rating from "hold" to "buy".

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The Buckle, Inc. (NYSE:BKE ) Q1 2023 Earnings Conference Call May 26, 2023 10:00 AM ET Company Participants Dennis Nelson - President and CEO Tom Heacock - Senior Vice President, Finance, Treasurer and CFO Adam Akerson - Vice President, Finance and Corporate Controller Conference Call Participants Jon Braatz - Kansas City Capital Associates Mauricio Serna - UBS Carlton Getz - Winter Harbor Capital Alan Glenn - Concord & Main Operator Well, good morning, and thank you for standing by. And welcome to Buckle's First Quarter Earnings Release Webcast.

Shares of Buckle NYSE: BKE seem indifferent toward the company's first quarter 2023 earnings results, which were laid out for the public to digest during the pre-market hours of Friday morning. Though short, Buckle's press release gave investors a brief window into the challenges the apparel industry has faced for most of 2022.

Mid-priced apparel, accessories and footwear retailer Buckle reported a drop in sales in March. The 439-store firm's comparable store net sales for March were down 10.1% from the same period the previous year, and its net sales for the month were down 9.2% year over year, the company said in a press release.

Buckle (BKE) reports lower sales and comparable store sales for March. Soft performance at the men's and women's businesses hurt the top-line performance.

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The net sales decline is probably due to the high base effect rather than weak demand. The Buckle demonstrates impressive inventory stability, generates solid cash flow, and delivers best-in-class margins.

The Buckle has a strong private label brand, denim dominant, focused on growing e-commerce sales and outdoor shopping centres. Dividend stock with a growing, profitable business, strong balance sheet and generating positive cash flow.

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