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Buckle Posts Strong Q3 Growth as Tiny Revenue Miss Sends Shares Lower

A razor-thin sales miss overshadowed in-line earnings.

Overview

  • Net sales rose 9.3% to $320.837 million, coming in about $3,000 below the $320.840 million consensus.
  • Comparable-store sales increased 8.3%, and online revenue climbed 13.6% to $53.0 million.
  • Earnings per share were reported at $0.96–$0.97, essentially matching estimates, with net income at $48.7 million.
  • The company ended the quarter with $316.152 million in cash and $165.779 million in inventory.
  • Shares fell roughly 3.6% intraday to $53.04 on Friday as year-to-date sales reached $898.7 million, with online sales at $142.9 million.