Buckle (BKE) reported improved comparable store sales and net sales for the last two monthly periods after a brief swoon shortly after the holiday season. The reversal is welcome although not remarkable especially given strong results from some retail competitors. Still, it marks a return to the company’s modest improvement in trailing six and twelve month results and a continued stabilization suggesting the company has found a floor in the core business.
Source: Winter Harbor Capital
The reversal in comparable store sales has also allowed the company to achieve a new albeit slightly