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Weak quarter of sales for Buckle

May 20, 2016 7:13 AM ETThe Buckle, Inc. (BKE) StockBKEBy: Clark Schultz, SA News Editor1 Comment
  • Comparable-store sales fell 11% at Buckle (NYSE:BKE) in Q1. Future rewards tied to Buckle's guest loyalty program cut into the comp by a full percentage point.
  • Operating expenses fell 4.3% to $58.3M during the quarter.
  • Buckle ended the period with inventory of $138.79M, -7.2% Q/Q and + 7.1% Y/Y.
  • Shares of Buckle are down 24% are sit near their 52-week low.
  • Previously: Buckle misses by $0.08, misses on revenue (May 20)

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