Buckle (BKE) recently reported a second consecutive month of decently positive comparable store sales results and the fifth such outcome in the last seven periods after a six-month swoon towards the end of last year into the beginning of the current year. The result builds on generally improving sales performance on a trailing average basis and again pushes the six-month trailing average for comparable store sales results above the 12-month trailing average which we considered a positive development.
Buckle remains an attractive opportunity, although the current valuation offers more modest forward return potential