The Buckle Q1 EPS $0.92 Beats Estimates, Revenue Jumps 6.1% to $288.7M
BKE•The Buckle reported first-quarter net income of $46.9 million, up from $35.2 million year-over-year, and delivered EPS of $0.92 versus consensus $0.74. Revenue climbed 6.1% to $288.7 million, driven by a 5.1% rise in comparable-store sales and a 2.8% increase in online sales.
1. Strong Q1 Financial Performance
The Buckle posted net income of $46.9 million in Q1, a 33% increase from $35.2 million year-ago, and delivered EPS of $0.92 compared with estimates of $0.74.
2. Revenue and Same-Store Sales Growth
Total revenue rose 6.1% to $288.74 million, driven by a 5.1% gain in comparable-store sales and a 2.8% increase in online sales, which reached $47.7 million.
3. Operational Drivers and Cost Savings
Growth was supported by strong demand for women’s merchandise and a reduction in administrative expenses following a litigation settlement, bolstering net income.
4. Solid Valuation and Liquidity Metrics
The company’s price-to-earnings ratio stands at 11.33, while a current ratio of 1.89 underscores sufficient short-term liquidity to cover obligations.
