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Buckle Demonstrates Robust Consumer Spending Through Increased Sales in Various Channels
Quarterly Performance: Buckle, Inc. reported third-quarter earnings per share of 96 cents, meeting analyst expectations, but experienced a slight revenue miss with sales of $320.837 million, just below the forecast of $320.840 million.
Sales Growth: The company saw an 8.3% year-over-year increase in comparable store net sales and a 13.6% rise in online sales, totaling $53.0 million compared to $46.6 million the previous year.
Financial Metrics: Gross profit increased to $153.906 million from $140.071 million year-over-year, while income from operations rose to $60.914 million, up from $54.483 million, despite higher operating expenses.
Stock Performance: BKE shares fell by 3.61% to $53.04 following the earnings report, although the stock has gained over 15% in the past year, with potential investment exposure through ProShares Online Retail ETF and The Acquirers Fund.
Builders Q1 Sales Slumps, Lowers FY25 Outlook, Cites Housing Market Weakness
Earnings Report: Builders FirstSource, Inc. reported a 6% year-on-year decline in sales to $3.66 billion for Q1 FY25, with adjusted EPS of $1.51 beating estimates. The company also lowered its FY25 sales guidance and anticipates a decrease in Single-Family and Multi-Family starts.
Stock Performance and Buyback: Shares of Builders FirstSource fell by 3.08% premarket, while the company authorized a $500 million share repurchase program, including $100 million remaining from a previous authorization.
Atkore Expects Strong Solid Q2 Performance Despite Flags Impairment Charge, Reaffirms FY25 Outlook
Preliminary Financial Results: Atkore Inc. reported expected net sales of $695-$705 million and adjusted EPS of $2.01-$2.08 for Q2 FY25, exceeding market expectations, despite a significant impairment charge affecting quarterly losses.
Labor Agreement and Future Outlook: The company secured a new 5-year labor agreement with the United Steelworkers and reiterated its FY25 projections for net sales and adjusted EPS, emphasizing confidence in its business model and domestic manufacturing capabilities.
Yum China Q3 Earnings Surprise: KFC & Pizza Hut Power Earnings Beat, Reiterates Capex Plan To Open ~1,500-1,700 Net New Stores
Financial Performance: Yum China reported a 5% year-over-year revenue increase to $3.07 billion, with same-store sales at 97% of last year's level and digital sales reaching $2.61 billion, comprising about 90% of total sales.
Shareholder Returns and Future Plans: The company returned $248 million to shareholders through buybacks and dividends, raised its share repurchase authorization by $1 billion, and plans to open 1,500 to 1,700 new stores while increasing capital returns to shareholders from $3 billion to $4.5 billion between 2024 and 2026.
COWZ, ZIG: Big ETF Outflows
ETF Outflow Details: The ZIG ETF experienced the largest outflow, losing 625,000 units, which is a 33.3% decrease in outstanding units compared to the previous week.
Author's Perspective: The opinions presented are those of the author and do not necessarily represent Nasdaq, Inc.
Why Is Fashion Retailer Buckle Stock Gaining Today?
Earnings Report: Buckle, Inc. reported second-quarter earnings per share of 78 cents, slightly missing expectations, while quarterly revenue decreased by 3.4% to $282.4 million but exceeded analyst estimates. Net income fell to $39.3 million from $45.6 million a year ago.
Stock Performance: Despite the mixed earnings report, BKE shares rose by 7.37% to $44.74, and the stock has gained 22% over the past year, with investors able to access it through ETFs like ProShares Online Retail ETF and The Acquirers Fund.
Buckle Demonstrates Robust Consumer Spending Through Increased Sales in Various Channels
Quarterly Performance: Buckle, Inc. reported third-quarter earnings per share of 96 cents, meeting analyst expectations, but experienced a slight revenue miss with sales of $320.837 million, just below the forecast of $320.840 million.
Sales Growth: The company saw an 8.3% year-over-year increase in comparable store net sales and a 13.6% rise in online sales, totaling $53.0 million compared to $46.6 million the previous year.
Financial Metrics: Gross profit increased to $153.906 million from $140.071 million year-over-year, while income from operations rose to $60.914 million, up from $54.483 million, despite higher operating expenses.
Stock Performance: BKE shares fell by 3.61% to $53.04 following the earnings report, although the stock has gained over 15% in the past year, with potential investment exposure through ProShares Online Retail ETF and The Acquirers Fund.
Builders Q1 Sales Slumps, Lowers FY25 Outlook, Cites Housing Market Weakness
Earnings Report: Builders FirstSource, Inc. reported a 6% year-on-year decline in sales to $3.66 billion for Q1 FY25, with adjusted EPS of $1.51 beating estimates. The company also lowered its FY25 sales guidance and anticipates a decrease in Single-Family and Multi-Family starts.
Stock Performance and Buyback: Shares of Builders FirstSource fell by 3.08% premarket, while the company authorized a $500 million share repurchase program, including $100 million remaining from a previous authorization.
Atkore Expects Strong Solid Q2 Performance Despite Flags Impairment Charge, Reaffirms FY25 Outlook
Preliminary Financial Results: Atkore Inc. reported expected net sales of $695-$705 million and adjusted EPS of $2.01-$2.08 for Q2 FY25, exceeding market expectations, despite a significant impairment charge affecting quarterly losses.
Labor Agreement and Future Outlook: The company secured a new 5-year labor agreement with the United Steelworkers and reiterated its FY25 projections for net sales and adjusted EPS, emphasizing confidence in its business model and domestic manufacturing capabilities.
Yum China Q3 Earnings Surprise: KFC & Pizza Hut Power Earnings Beat, Reiterates Capex Plan To Open ~1,500-1,700 Net New Stores
Financial Performance: Yum China reported a 5% year-over-year revenue increase to $3.07 billion, with same-store sales at 97% of last year's level and digital sales reaching $2.61 billion, comprising about 90% of total sales.
Shareholder Returns and Future Plans: The company returned $248 million to shareholders through buybacks and dividends, raised its share repurchase authorization by $1 billion, and plans to open 1,500 to 1,700 new stores while increasing capital returns to shareholders from $3 billion to $4.5 billion between 2024 and 2026.
COWZ, ZIG: Big ETF Outflows
ETF Outflow Details: The ZIG ETF experienced the largest outflow, losing 625,000 units, which is a 33.3% decrease in outstanding units compared to the previous week.
Author's Perspective: The opinions presented are those of the author and do not necessarily represent Nasdaq, Inc.
Why Is Fashion Retailer Buckle Stock Gaining Today?
Earnings Report: Buckle, Inc. reported second-quarter earnings per share of 78 cents, slightly missing expectations, while quarterly revenue decreased by 3.4% to $282.4 million but exceeded analyst estimates. Net income fell to $39.3 million from $45.6 million a year ago.
Stock Performance: Despite the mixed earnings report, BKE shares rose by 7.37% to $44.74, and the stock has gained 22% over the past year, with investors able to access it through ETFs like ProShares Online Retail ETF and The Acquirers Fund.
