Buckle’s (BKE) strong sales trend continues in December


The Loop, Inc. BKE has put on a stellar show for the past few months. BKE’s impressive sales run continued into December 2021, with net sales for the five-week fiscal month ended Jan. 1, 2022 increasing 17.3% to $ 198.7 million from $ 169, $ 4 million recorded in the five-week fiscal month ended Jan. 2, 2021. These clothing, footwear and accessories retailer saw sales increase 35.9%, 23.6%, 17.3% and 43%, respectively, in the previous four months.

For the fiscal month under review, comparable store net sales for stores that have been open for at least one year increased 17.7% year-over-year. The metric jumped 36%, 23.3%, 17.8% and 42.7%, respectively, over the previous four months.

For the fiscal five-week month ended January 1, 2022, total sales of the men’s unit increased 14.5% from the figure recorded in the five-week period ended January 2, 2021, while the women’s business metric jumped 20%. The men’s category contributed 57.5% of BKE’s overall monthly sales, while the women’s category accounted for 42.5%.

Combining men and women categories, accessories sales for the fiscal month increased by 26.5% while footwear sales increased by 4% compared to the figure recorded in the comparable December of fiscal year 2020 . The accessories and footwear categories represented respectively 11% and 10.5%, of the overall sales for the financial year December 2021. For the comparable period of the 2020 financial year, these categories respectively represented 10% and 12%. %.

For the cumulative 48-week period ended January 1, 2022, net sales jumped 46.7% year-over-year to $ 1.230 billion from net sales of $ 838.2 million generated in the year. during the prior year ended January 2, 2021. In addition, comparable store net sales increased 46.7% year over year during the 48 week period ended January 1, 2022.

Price return

Benefiting from an excellent sales trend, this stock currently Zacks Rank # 1 (Strong Buy) has appreciated by 25% over the past year compared to industrydecrease of 17.8%. You can see The full list of today’s Zacks # 1 Rank stocks here.

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Buckle has also witnessed strong momentum in e-commerce so far. In the third quarter of fiscal 2021, online sales increased 9% to $ 50.5 million for the 13-week period ended October 30, 2021. In addition, strong gains in commodity categories for women and men from BKE have been contributing to its performance for some time.

Buckle, based in Kearney, NE, currently operates 440 retail outlets in 42 states, including one store that is closing. BKE operated 445 stores in 42 states as of January 6, 2021.

No more hot stocks in retail

Some other top ranked stocks are Zumiez ZUMZ, Tapestry TPR and Costco COST.

Zumiez, a global lifestyle retailer, currently has a Zacks ranking of 1. Shares of ZUMZ have risen 19.7% in the past year.

Zacks’ consensus estimate for Zumiez sales for fiscal 2022 suggests growth of 1.1% from the previous year’s period reading. ZUMZ has on average a significant profit surprise for the last four quarters.

Tapestry, the leading accessory designer, currently sports a Zacks # 1 rank. TPR has a surprise of 29% on average over the last four quarters. The stock has climbed 21.1% in the past year.

Zacks’ consensus estimate for Tapestry’s sales and earnings per share (EPS) for fiscal 2022 suggests growth of 14.8% and 17.9%, respectively, from corresponding levels for the year last. TPR has an expected EPS growth rate of 12.3% over three to five years.

Costco, a general merchandise retailer, currently has a Zacks Rank # 2. COST shares have jumped 48.6% in the past year.

Zacks’ consensus estimate for Costco’s sales and EPS for fiscal 2022 suggests growth of 7.6% and 9.5%, respectively, compared to the corresponding figures last year. COST has a surprise earnings over the last four quarters of 8.3%, on average.

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