- Buckle Inc (NYSE:BKE) reported second-quarter FY22 sales growth of 2.3% year-on-year to $301.97 million, missing the consensus of $304.33 million.
- Comparable store net sales increased 1.6%. Online sales increased 6.5 percent to $46.2 million.
- EPS of $1.01 beat the analyst consensus of $0.89.
- Gross profit rose 2.4% Y/Y to $145.4 million, with a margin of 48.1%.
- Operating expenses increased 7.3% Y/Y to $79.6 million.
- The operating margin was 21.7%, and operating income for the quarter declined 3.2% to $65.7 million.
- The company held $284 million in cash and equivalents as of July 30, 2022.
- Price Action: BKE shares traded lower by 1.42% at $33.23 on the last check Friday.
Amazon Goes Aggressive In India, Starts Amazon Air For Shipping
Amazon.com Inc (NASDAQ: AMZN) began air shipment services in India, despite the pandemic recovery-driven global online sales softening.
