Overview

* Buckle fiscal Q2 net sales rise 8.3%, beating analyst expectations

* Net income for fiscal Q2 increases to $45.0 mln, or $0.90 per share

* Online sales surge 17.7% in fiscal Q2, boosting overall sales

Result Drivers

* COMPARABLE STORE SALES - Buckle reports a 7.3% increase in comparable store sales for Q2

* ONLINE SALES GROWTH - Online sales surged 17.7% in Q2, contributing significantly to overall sales growth

* NET INCOME INCREASE - Net income rose to $45 mln, reflecting improved sales performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $305.70 $290 mln

mln (2

Analysts

)

Q2 EPS $0.90

Q2 Net $45.01

Income mln

Q2 Gross $145.01

Profit mln

Q2 $56.34

Operatin mln

g Income

Q2 $59.61

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the apparel & accessories retailers peer group is "buy."

* Wall Street's median 12-month price target for Buckle Inc ( BKE ) is $51.00, about 7.5% below its August 21 closing price of $54.85

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)