2024-05-24 16:43:32 ET
Summary
- The Buckle, Inc. is a specialty retail stock that has slowly increased in value over time, but the tough macro environment for retailers poses challenges.
- The company's Q1 2024 performance missed estimates, with sales down 7.2% and comparable store sales down 9.0% from last year.
- Despite a strong cash position and reasonable liabilities, The Buckle, Inc. stock is considered a hold and more suitable for traders rather than long-term investors.
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The Buckle: Still Plugging Along, But Comps A Cause For Concern