Buckle's (BKE) Q2 Earnings Beat Estimates, Sales In Line
Zacks Investment Research | Aug 17, 2017 09:23PM ET
The Buckle, Inc. (NYSE:BKE) reported better-than-expected earnings for the second straight quarter in second-quarter fiscal 2017. This also marked its second earnings beat after four consecutive misses. Moreover, the company’s top line met estimates for the 12th straight quarter.
However, shares of Buckle dropped 0.7% following the earnings release as its dismal comparable store sales (comps) trend continued in the quarter. The company’s comps have been strained for quite some time now with the advent of digital transformation in shopping and consumers splurging online. This has considerably hit store and mall traffic trends across the United States.
Moreover, the stock has plunged nearly 31.9% in the last six months, wider than the Zacks Investment Research
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