BKE Earnings Prediction
The chart below shows how BKE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BKE sees a -1.94% change in stock price 10 days leading up to the earnings, and a -0.83% change 10 days following the report. On the earnings day itself, the stock moves by +1.46%. This data can give you a slight idea of what to expect for the next quarter's release.
BKE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
303.46M
-8.69%
3.77%
Gross Margin
48.51%
-2.53%
2.49%
Operating Margin
21.11%
-11.67%
8.76%
Net Margin
17.06%
-7.63%
9.29%
EPS
1.04
-16.13%
13.04%
No Data Available
BKE Earnings Analysis
The Buckle, Inc. Corporation (BKE.N) Earnings Conference Call
Positive
Net Income Comparison: Net income for the 13-week third quarter was $44.2 million, or $0.88 per share on a diluted basis, compared to net income of $51.8 million, or $1.04 per share on a diluted basis for the prior year.
Net Income Comparison: Year-to-date, net income for the 39-week period was $118.3 million, or $2.35 per share on a diluted basis, which compares to net income of $140.3 million, or $2.81 per share on a diluted basis for the prior year.
Store Sales Decline, Online Growth: Comparable store sales for the 13-week fiscal quarter decreased 0.7% in comparison to the same 13-week period a year ago, while our online sales increased 1.1% to $46.6 million for the 13-week fiscal quarter, which compares to $46.1 million for the prior year.
Store Expansion and Remodels: During the quarter, we opened five new stores and completed one full remodel, which brings our year-to-date counts to seven new stores, 13 full remodels and six store closures.
Retail Store Count Update: We ended the quarter with 445 retail stores in 42 states, which compares to 443 stores in 42 states at the end of the third quarter of fiscal 2023.
Negative
Net Income Decline: Net income for the 13-week third quarter was $44.2 million, down from $51.8 million in the prior year, representing a decrease of 14.1%.
Net Sales Decline: Net sales for the 13-week third quarter decreased 3.2% to $293.6 million compared to $303.5 million for the prior year.
Net Sales Decline: Year-to-date net sales decreased 4.6% to $838.5 million compared to $878.7 million for the prior year.
Operating Margin Decline: Operating margin for the quarter was 18.6%, down from 21.1% for the third quarter of fiscal 2023, indicating a decline in profitability.
Rising SG&A Expenses: Selling, general and administrative expenses for the quarter were 29.1% of net sales compared to 27.4% for the third quarter last year, reflecting increased operational costs.
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BKE Earning Call Sentiment
The Buckle, Inc. (BKE) Q3 2024 Earnings Call Transcript
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00:00
00:00
BKE.N
-3.17%Positive
The earnings call summary indicates declining financial performance, with net sales and comparable store sales decreasing, and increased expenses impacting margins. The Q&A section reveals uncertainties in management's responses about store remodels. Despite some positive aspects like private label growth, the lack of a share repurchase program and weak online sales contribute to a negative outlook. Given the market cap of $1.8 billion, the stock is likely to experience a negative movement of -2% to -8% over the next two weeks.
