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Buckle (BKE) reports higher sales and comparable store sales for December. BKE's men's and women's businesses continue to boost the top-line performance.
The Buckle, Inc. (NYSE:BKE ) Q3 2022 Earnings Conference Call November 18, 2022 10:00 AM ET Company Participants Tom Heacock - Senior Vice President, Finance, Treasurer & Chief Financial Officer Adam Akerson - Vice President, Finance & Corporate Controller Dennis Nelson - President & Chief Executive Officer Conference Call Participants Steve Marotta - CL King & Associates Alan Glenn - Concord & Main Ltd Operator Welcome to the Third Quarter Earnings Release Webcast. [Operator Instructions] Members of Buckle's management on the call today are Dennis Nelson, President and CEO; and Tom Heacock, Senior Vice President of Finance, Treasurer and CFO; Adam Akerson, Vice President of Finance and Corporate Controller; and Brady Fritz, Senior Vice President, General Counsel and Corporate Secretary.
Buckle (BKE) delivered earnings and revenue surprises of -0.80% and 0.01%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?
Buckle is on an impressive earnings streak, exceeding the Zacks Consensus EPS Estimate in eight consecutive quarters. Just in its latest release, the retailer registered an 8.6% bottom-line beat.
Buckle's (BKE) third-quarter fiscal 2022 sales results might show gains from its men's and women's divisions as well as and online business.
Big Retail Earnings Week Ahead.
The Nasdaq is up nearly 1000 points from its cycle lows last week, which had put the tech-heavy index at lows not seen since the first summer of the Covid pandemic.
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Although retail sales have been slowing, the apparel market is witnessing steady growth in sales, helping stocks like Chico's FAS, Inc. (CHS), The Buckle, Inc. (BKE), Designer Brands Inc. (DBI) and Hibbett, Inc. (HIBB).
The Buckle may be experiencing some pain on its bottom line, but the firm seems to have largely stabilized for now. Sales growth continues nicely and shares of the firm look quite cheap at this point in time.