Workflow
Buckle(BKE)
icon
Search documents
The Buckle: A Little Too Uncomfortable For A Bullish Assessment (Rating Downgrade)
Seeking Alpha· 2024-11-23 03:23
Group 1 - The Buckle (NYSE: BKE) was upgraded from 'hold' to 'buy' in October 2022 despite experiencing challenges [1] - The company specializes in casual apparel, footwear, and accessories [1] Group 2 - Crude Value Insights provides an investing service focused on oil and natural gas, emphasizing cash flow and growth prospects [1] - Subscribers have access to a stock model account, cash flow analyses of E&P firms, and live sector discussions [2]
Buckle(BKE) - 2025 Q3 - Quarterly Results
2024-11-22 19:40
Financial Performance - Net income for the third quarter of fiscal 2024 was $44.2 million, or $0.89 per share, compared to $51.8 million, or $1.05 per share in the same quarter of fiscal 2023, representing a decrease of 14.9% in net income [3][6]. - For the 39-week fiscal period ended November 2, 2024, net income was $118.3 million, or $2.37 per share, down from $140.3 million, or $2.83 per share in the prior year [7]. Sales Performance - Net sales for the 13-week fiscal quarter ended November 2, 2024, decreased by 3.2% to $293.6 million from $303.5 million in the prior year [4]. - Comparable store net sales for the 13-week fiscal quarter decreased by 0.7% compared to the same period last year [4]. - Online sales increased by 1.1% to $46.6 million for the 13-week fiscal quarter ended November 2, 2024, compared to $46.1 million for the same period last year [4]. - The company reported a gross profit of $140.1 million for the 13-week fiscal quarter, down from $147.2 million in the prior year [12]. Assets and Liabilities - Total current assets as of November 2, 2024, were $504.9 million, compared to $508.9 million at the end of the previous fiscal quarter [15]. - Total assets increased to $976.3 million as of November 2, 2024, from $921.2 million at the end of the previous fiscal year [15]. - Total liabilities were $487.9 million as of November 2, 2024, compared to $447.2 million at the end of the previous fiscal year [15]. Store Operations - The company operated 445 retail stores in 42 states as of the end of the fiscal quarter, an increase from 443 stores in the same period last year [9].
The Buckle: Key Metric Erosion, But There Are Some Positives On This Trade
Seeking Alpha· 2024-11-22 16:46
Group 1 - The Buckle, Inc. (NYSE: BKE) is identified as a specialty retail stock that has experienced significant gains in recent months, aligning with overall market trends [1] - The company has previously been traded, indicating a history of market activity and investor interest [1] Group 2 - The company has activated a BLACK FRIDAY deal ahead of competitors, suggesting a strategic move to attract customers and secure sales [2] - A promotional offer is available, providing a 28% discount for new members, which may enhance customer acquisition and retention [2] Group 3 - The company offers a money-back guarantee for its services, indicating confidence in customer satisfaction and product quality [3] - There is a light version of the service available, which may appeal to a broader audience by providing flexible options [3]
Buckle(BKE) - 2024 Q3 - Earnings Call Transcript
2024-11-22 16:11
The Buckle, Inc. (NYSE:BKE) Q3 2024 Earnings Conference Call November 22, 2024 10:00 AM ET Company Participants Thomas Heacock - SVP of Finance, Treasurer & CFO Adam Akerson - VP of Finance & Corporate Controller Dennis Nelson - President & CEO Conference Call Participants Mauricio Serna - UBS Nancy Frohna - 1492 Capital Management Operator Good morning. Thank you for standing by, and welcome to Buckle's Third Quarter Earnings Release Webcast. As a reminder, all participants are currently in listen-only mod ...
Buckle(BKE) - 2025 Q2 - Quarterly Report
2024-09-12 20:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended August 3, 2024 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ____________ to ____________ Commission File Number: 001-12951 THE BUCKLE, INC. (Exact name of Registrant as specified in its charter) Nebraska 47-0366193 (State or other j ...
Hartford Financial Stock Jumps 42.5% YTD: Buy More or Buckle Up?
ZACKS· 2024-09-09 16:30
The insurance player, The Hartford Financial Services Group, Inc. (HIG) , continues to exhibit improving renewal written pricing in Commercial Lines. The company has seen its shares rise 42.5% in the year-to-date period, outpacing the industry's 13.2% growth. The company also outperformed the S&P 500's return of 13.3%. Moreover, the stock is trading above its 50-day and 200-day moving averages, indicating solid upward momentum. Currently priced at $114.49, the stock is just 2.5% below its 52-week high of $1 ...
Buckle(BKE) - 2025 Q2 - Quarterly Results
2024-08-23 18:50
[The Buckle, Inc. Second Quarter 2024 Earnings Release](index=1&type=section&id=The%20Buckle%2C%20Inc.%20Reports%20Second%20Quarter%20Net%20Income) [Financial Performance Summary](index=1&type=section&id=Financial%20Performance%20Summary) The Buckle, Inc. reported a decline in financial performance for the second quarter of fiscal 2024, with net income and sales decreasing across both quarterly and year-to-date periods Q2 & YTD Net Income and EPS Comparison (Fiscal 2024 vs. 2023) | Metric | Q2 2024 (13-Week) | Q2 2023 (13-Week) | YTD 2024 (26-Week) | YTD 2023 (26-Week) | | :--- | :--- | :--- | :--- | :--- | | **Net Income** | $39.3 million | $45.6 million | $74.1 million | $88.6 million | | **EPS (Basic)** | $0.79 | $0.92 | $1.49 | $1.79 | | **EPS (Diluted)** | $0.78 | $0.92 | $1.48 | $1.78 | Q2 & YTD Sales Performance Comparison (Fiscal 2024 vs. 2023) | Sales Metric | Q2 2024 (13-Week) | Q2 2023 (13-Week) | % Change | YTD 2024 (26-Week) | YTD 2023 (26-Week) | % Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | $282.4 million | $292.4 million | -3.4% | $544.9 million | $575.3 million | -5.3% | | **Comparable Store Sales** | N/A | N/A | -6.6% | N/A | N/A | -7.7% | | **Online Sales** | $37.0 million | $43.6 million | -15.2% | $81.4 million | $94.9 million | -14.2% | [Detailed Financial Statements](index=3&type=section&id=Detailed%20Financial%20Statements) This section presents unaudited consolidated statements of income and balance sheets, detailing declines in profitability and changes in asset and liability structures [Consolidated Statements of Income](index=3&type=section&id=Consolidated%20Statements%20of%20Income) Gross profit and income from operations decreased for both the second quarter and year-to-date periods, reflecting pressure on profitability from lower sales and higher operating expenses Consolidated Income Statement Highlights (Amounts in Thousands) | Account | Q2 2024 (13-Week) | Q2 2023 (13-Week) | YTD 2024 (26-Week) | YTD 2023 (26-Week) | | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | $282,392 | $292,428 | $544,872 | $575,262 | | **Gross Profit** | $132,534 | $138,412 | $253,231 | $271,669 | | **Income from Operations** | $48,260 | $56,761 | $90,656 | $110,491 | | **Net Income** | $39,255 | $45,640 | $74,098 | $88,576 | Weighted Average Shares (in Thousands) | Share Type | Q2 2024 | Q2 2023 | YTD 2024 | YTD 2023 | | :--- | :--- | :--- | :--- | :--- | | **Basic** | 49,854 | 49,513 | 49,854 | 49,513 | | **Diluted** | 50,221 | 49,875 | 50,197 | 49,868 | [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) Total assets increased to $940.3 million, driven by higher cash and property/equipment, while total liabilities also rose, primarily due to operating lease obligations Key Balance Sheet Items (Amounts in Thousands) | Account | Aug 3, 2024 | Feb 3, 2024 | Jul 29, 2023 | | :--- | :--- | :--- | :--- | | **Total Current Assets** | $469,200 | $444,256 | $455,227 | | **Total Assets** | $940,271 | $889,810 | $861,547 | | **Total Current Liabilities** | $206,219 | $221,456 | $196,775 | | **Total Liabilities** | $481,627 | $476,590 | $425,011 | | **Total Stockholders' Equity** | $458,644 | $413,220 | $436,536 | - Key current assets as of August 3, 2024, include **$287.3 million** in cash and cash equivalents and **$131.4 million** in inventory[9](index=9&type=chunk) [Company Profile and Outlook](index=3&type=section&id=Company%20Profile%20and%20Outlook) Buckle is a specialty retailer operating 440 stores in 42 states, with the release including a standard Safe Harbor statement regarding forward-looking statements - Buckle is a specialty retailer known as a denim destination, offering a mix of on-trend apparel, accessories, and footwear[5](index=5&type=chunk) - The company's retail footprint remained stable, operating **440** stores in **42** states as of the end of Q2 2024, the same number as in Q2 2023[5](index=5&type=chunk) - The release contains a Safe Harbor statement cautioning that future performance may differ materially from forward-looking statements due to various risks and uncertainties[6](index=6&type=chunk)
The Buckle: Stock Near Yearly Highs Despite Awful Key Metrics
Seeking Alpha· 2024-08-23 15:50
Lighthouse Films The Buckle, Inc. (NYSE:BKE) is another specialty retail stock that we have traded quite a few times over the years. This stock tends to trade with some volatility, making it great for quick scalp trades. That said, for the patient trader/investor, we have rated it a quality hold, as shares have slowly crept higher over time with a rising market. Today, the stock is taking a leg higher, approaching 52-week highs. All of this comes with a tough macro environment for retailers. Consumers' wall ...
Buckle(BKE) - 2024 Q2 - Earnings Call Transcript
2024-08-23 14:52
The Buckle, Inc. (NYSE:BKE) Q2 2024 Earnings Conference Call August 23, 2024 10:00 AM ET Company Participants Tom Heacock - Senior Vice President of Finance, Treasurer and Chief Financial Officer Adam Akerson - Vice President of Finance and Corporate Controller Dennis Nelson - President and Chief Executive Officer Conference Call Participants Mauricio Serna - UBS Alan Glenn - Concord & Main Ltd Operator Good morning and thank you for standing by. Welcome to Buckle's Second Quarter Earnings Release Webcast. ...
Buckle up: Lucid Motors misses H1 2024 delivery targets by over 90%
Finbold· 2024-07-09 10:31
Group 1 - The electric vehicle (EV) industry has faced significant challenges over the past 12 months, with Lucid Group experiencing particularly severe difficulties, as its stock price fell from over $50 in 2021 to $3.18 by July 9, 2024 [1] - Lucid Group's delivery expectations for 2024 were set at 90,000 vehicles, but actual deliveries in the first half of 2024 were only 4,361, representing a 91.11% underperformance compared to initial forecasts [1] - Despite weak delivery numbers compared to 2021 predictions, Lucid Group achieved a record delivery of 2,394 EVs in Q2 2024, surpassing its previous record of 1,967 vehicles in Q1 2023, indicating a potential return of optimism [2] Group 2 - Lucid Group's stock performance has shown improvement recently, with a 16.48% increase over the last 30 days and a 10.10% surge in the last full week of trading, although it remains down year-to-date [3]