- Buckle Inc (NYSE:BKE) reported a first-quarter FY23 sales decrease of 8.5% year-on-year to $282.83 million, missing the analyst consensus estimate of $297.30 million.
- Comparable store net sales decreased 9.2%. Online sales decreased 5.6% to $51.3 million.
- EPS of $0.86 beat the analyst consensus of $0.91.
- Gross profit fell 12.4% Y/Y to $133.3 million, with a margin of 47.1%.
- Operating margin was 19%, and operating income for the quarter decreased 26.5% to $53.7 million.
- The company held $277.5 million in cash and equivalents as of Apr. 29, 2023.
- Price Action: BKE shares traded higher by 3.09% at $32.22 on the last check Friday.
Philips Shareholders Appoint Roy Jakobs as Next President and CEO
Royal Philips (NYSE: PHG, AEX: PHIA) announced that today's Extraordinary General Meeting of Shareholders (EGM) appointed Roy Jakobs as the company's next President and Chief Executive Officer, effective October 15, 2022, succeeding current President and Chief Executive Officer Frans van Houten.
