The 10-second takeaway
For the quarter ended April 28 (Q1), Buckle met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share grew.
Margins expanded across the board.
Buckle chalked up revenue of $263.8 million. The four analysts polled by S&P Capital IQ expected net sales of $263.7 million on the same basis. GAAP reported sales were 9.9% higher than the prior-year quarter's $240.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.79. The nine earnings estimates compiled by S&P Capital IQ predicted $0.76 per share. GAAP EPS of $0.79 for Q1 were 11% higher than the prior-year quarter's $0.71 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 43.3%, 40 basis points better than the prior-year quarter. Operating margin was 22.0%, 60 basis points better than the prior-year quarter. Net margin was 14.3%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $227.2 million. On the bottom line, the average EPS estimate is $0.54.
Next year's average estimate for revenue is $1.16 billion. The average EPS estimate is $3.48.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 484 members rating the stock outperform and 58 members rating it underperform. Among 150 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 135 give Buckle a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Buckle is hold, with an average price target of $48.80.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.