Buckle Q3 EPS $1.04 Beats $0.98 Estimate, Sales $303.46M Miss $316.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Buckle (NYSE:BKE) reported Q3 earnings of $1.04 per share, surpassing the consensus estimate of $0.98, but experienced a 16.13% decrease from the previous year's $1.24 per share. Sales were $303.46M, falling short of the $316.70M estimate and marking an 8.69% decline from the previous year.
November 17, 2023 | 11:51 am
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Buckle's Q3 earnings exceeded estimates, but a significant year-over-year decline in earnings and missed revenue forecasts may concern investors.
While Buckle beat EPS estimates, the decline in both earnings and revenue compared to last year could lead to negative investor sentiment in the short term. The miss on revenue estimates is particularly concerning as it indicates potential challenges in sales growth, which is a critical factor for retail companies like Buckle.
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