BKE - Buckle gains on earnings beat and triple-digit top-line growth

For Q1, Buckle ([[BKE]] +3.1%) net sales increased 159.2% Y/Y to $299.1M; comparable store net sales rose 48.6% Y/Y.Online sales increased 67.3% Y/Y to $53.7M.Q1 net income stood at $57.3M, or $1.16/share vs. net loss of $11.8M, or -$0.24/share in year ago quarter.As on May 01, the company reported cash and cash equivalents of $393.15M.Results for FY2020 were significantly impacted by the Company’s closure of all brick and mortar stores due to the COVID-19 pandemic beginning March 18, 2020. As a result of the impact of the store closures on prior year reported net sales, the Company will report total net sales compared to the past two years and does not plan to separately report comparable store sales for the periods most affected by the store closures.Conference call scheduled at 10:00 a.m. ET.Previously (May.21) : Buckle EPS beats by $0.73, beats on revenue

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Buckle gains on earnings beat and triple-digit top-line growth