The stock is putting in a tremendous move today since the consumer trade is back "on", and their same store sales continue to impress. Even with today's news however, as a buy and hold investor, you are only back to where you were a month ago... despite continued stellar performance as a business. Unfortunately we are still stuck in the monolithic trading situation where every retailing stock (ex Walmart) pretty much trades in 1 bunch, they are either all bad or all good - today and yesterday they are all good.
- Buckle shares surged $4.20, or 21.5 percent, to $23.76 in afternoon trading. The stock has traded between $13.57 and $44.57 in the past 52 weeks. For the four-week period ended Nov. 29, Buckle's same-store sales gained 15 percent from the comparable period ended Dec. 1, 2007. Net sales for November rose 21.6 percent to $72.2 million, from $59.4 million in the prior year.
- According to the Goldman Sachs-International Council of Shopping Centers index of 37 stores, retail sales dropped 2.7 percent for November, the worst monthly performance since at least 1969 when the index began.
- For the year-to-date period, Buckle's same-store sales jumped 22.6 percent. Year-to-date net sales surged 29.7 percent to $612.8 million, from $472.3 million a year ago.
