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KEARNEY, Neb. - The Buckle, Inc. (NYSE: BKE), a specialty retailer known for its denim and apparel offerings, disclosed a rise in sales for both the 5-week and 9-week periods ending April 5, 2025. The company reported that comparable store net sales for the 5-week period saw a 3.7 percent increase compared to the same period in the previous year. Total net sales for the month also grew by 4.5 percent, reaching $109.1 million. According to InvestingPro data, The Buckle maintains impressive financial health with a 10.71% dividend yield and has consistently paid dividends for 23 consecutive years.
For the 9-week period, The Buckle experienced a 1.6 percent rise in comparable store net sales year-to-date, with overall net sales for the period climbing to $186.6 million, a 2.2 percent increase from the previous year's figure of $182.6 million. The company maintains strong gross margins of 58.93% and trades at an attractive P/E ratio of 8.95, with InvestingPro analysis suggesting the stock is currently undervalued.
The Buckle operates 440 retail stores across 42 states, maintaining the same number of stores as reported on April 10, 2024. The company is headquartered in Kearney, Nebraska, and emphasizes exceptional service and style through its product selection.
This financial update is based on a press release statement and comes amidst the company's ongoing efforts to deliver shareholder value. The Buckle's performance indicators suggest a positive trend in sales, although it is important to note that forward-looking statements from the company are subject to various risks and uncertainties. Factors beyond The Buckle's control may influence future financial results, and actual outcomes could differ from current projections.
Investors and followers of The Buckle, Inc. can access additional news and information about the company on its official website. The financial data presented reflects the company's performance as of the latest fiscal periods ending April 5, 2025.
In other recent news, Buckle Inc. reported its fourth-quarter 2025 earnings, which exceeded analyst expectations. The company achieved an earnings per share (EPS) of $1.53, surpassing the anticipated $1.38, and generated revenue of $379.2 million, slightly above the forecast of $373.6 million. Online sales saw a notable increase of 12% to $69.7 million, while private label sales, particularly in women's denim, grew over 20%. Despite these positive results, UBS analysts have adjusted their outlook on Buckle, reducing the price target from $43 to $41, while maintaining a Neutral rating. UBS expressed concerns over Buckle's FY25 projections, citing weakening trends and tariff-related challenges that may affect the company's margin recovery and EPS growth.
Additionally, Buckle announced a quarterly dividend of $0.35 per share, set to be paid on April 29, 2025. The company also appointed Justin D. Ellison as Vice President of Information Security, recognizing his nearly two decades of service. Looking ahead, Buckle plans to open seven new stores and complete 18-22 remodel projects, focusing on outdoor centers. These developments reflect Buckle's strategic initiatives and ongoing efforts to navigate economic challenges while enhancing digital experiences and marketing.
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