The Buckle (BKE) Tops Q1 EPS by 2c, Miss on Revenues

The Buckle (NYSE: BKE) reported Q1 EPS of $0.38, $0.02 better than the analyst estimate of $0.36. Revenue for the quarter came in at $204.9 million versus the consensus estimate of $207.18 million.

Net sales for the 13-week fiscal quarter ended May 5, 2018 decreased 3.5 percent to $204.9 million from net sales of $212.3 million for the prior year 13-week fiscal quarter ended April 29, 2017. Comparable store net sales for the 13-week period ended May 5, 2018 decreased 3.1 percent from comparable store net sales for the prior year 13-week period ended May 6, 2017. Online sales increased 6.1 percent to $23.1 million for the 13-week period ended May 5, 2018, compared to net sales of $21.8 million for the 13-week period ended April 29, 2017.

Due to the 53rd week in fiscal 2017, comparable store net sales for the quarter are compared to the prior year 13-week period ended May 6, 2017.

Net income for the first quarter of fiscal 2018 was $18.3 million, or $0.38 per share ($0.38 per share on a diluted basis), compared with $16.3 million, or $0.34 per share ($0.34 per share on a diluted basis) for the first quarter of fiscal 2017.

For earnings history and earnings-related data on The Buckle (BKE) click here.

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