Latest news with #BKE
Malay Mail
6 days ago
- Business
- Malay Mail
Chronic jam fix coming? Singapore to upgrade Woodlands Checkpoint from Q3 2025 after buying land from Malaysia
SINGAPORE, June 4 — The Woodlands Checkpoint in Singapore will undergo a major redevelopment starting in the third quarter of 2025, with the aim of cutting the current chronic congestion at the land crossing with northern neighbour Johor. The Immigration and Checkpoints Authority (ICA) and the Singapore Land Authority (SLA) announced this in a joint statement today. The project is estimated to take between 10 and 15 years to complete. Phase one will be the checkpoint at the Old Woodlands Town Centre. 'This extension will comprise new automated clearance facilities for cargo vehicles, arriving cars, and arriving motorcycles,' ICA and SLA said in their statement. There are also plans to extend the Bukit Timah Expressway (BKE) to create a direct exit route from the checkpoint to reduce traffic congestion on local roads, especially during peak hours. According to Singapore newspaper The Straits Times, the number of daily travellers at the checkpoint rose 22 per cent in 2024 to 327,000, up from 269,000 in 2023. On December 20, 2024, a record 376,000 travellers crossed the checkpoint during the year-end holidays. By 2050, daily traveller numbers are expected to reach 400,000. To make way for the redevelopment, Singapore will acquire two parcels of land totalling 0.79 hectares from Malaysia. These land parcels are currently unused and covered with vegetation. They are located near the centre of the redevelopment site. Singapore wrote to Malaysia in May 2022 and November 2023 to propose the purchase and SLA officially gazetted the acquisition today. 'SLA and ICA will work closely with the Malaysian Government through the acquisition process,' the authorities said. Future phases of the project will include building more clearance facilities and upgrading the existing checkpoint. Once finished, the new checkpoint will cut peak period travel time from one hour to just 15 minutes. It will also use more automation to improve efficiency and security. There will be holding areas for vehicles within the checkpoint to ease congestion on the BKE and nearby roads.
Yahoo
24-05-2025
- Business
- Yahoo
Buckle Inc (BKE) Q1 2025 Earnings Call Highlights: Strong Women's Sales and Improved Margins ...
Net Income: $35.2 million or $0.70 per share, compared to $34.8 million or $0.69 per share in the prior year. Net Sales: Increased 3.7% to $272.1 million from $262.5 million in the prior year. Comparable Store Sales: Increased 3% year-over-year. Online Sales: Increased 4.5% to $46.4 million. Gross Margin: 46.7%, up 70 basis points from 46% in the prior year. Selling, General and Administrative Expenses: 30.7% of net sales, up from 29.8% in the prior year. Operating Margin: 16%, compared to 16.2% in the prior year. Inventory: $132.4 million, up 1.3% year-over-year. Total Cash and Investments: $320 million. Capital Expenditures: $11.4 million for the quarter. Store Count: Ended the quarter with 439 retail stores, down from 440 stores in the prior year. Women's Merchandise Sales: Increased 10.5%, representing approximately 50% of sales. Men's Merchandise Sales: Decreased 2.5%, representing approximately 50% of sales. Accessory Sales: Increased 3.5% year-over-year. Footwear Sales: Decreased 7% year-over-year. Private Label Sales: Represented 47.5% of sales, up from 46% in the prior year. Warning! GuruFocus has detected 2 Warning Sign with BKE. Release Date: May 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Net income for the first quarter increased to $35.2 million, up from $34.8 million in the previous year. Net sales for the quarter rose by 3.7% to $272.1 million compared to the prior year. Comparable store sales increased by 3%, and online sales grew by 4.5% to $46.4 million. Gross margin improved to 46.7%, a 70 basis point increase from the previous year. Women's merchandise sales saw a significant increase of 10.5%, driven by strong performance in the denim category. Selling, general, and administrative expenses increased to 30.7% of net sales, up from 29.8% in the previous year. Men's merchandise sales declined by 2.5% compared to the prior year. Footwear sales decreased by about 7% for the quarter. Operating margin slightly decreased to 16% from 16.2% in the previous year. SG&A expenses were elevated due to increases in incentive compensation, health insurance costs, and equity compensation expenses. Q: Could you elaborate on the impact of China tariffs on your gross margin for the upcoming quarters? Additionally, what caused the significant increase in operating lease assets on the balance sheet? A: We have managed to work with vendors to mitigate cost increases, with some vendors maintaining stable costs and others experiencing low to mid-single digit increases. The increase in operating lease assets is due to new stores and remodels over the past 12 months, which are recognized as both assets and liabilities on the balance sheet. - Adam Akerson, VP-Finance, Corporate Controller and Thomas Heacock, CFO Q: What drove the improvement in merchandise margin this quarter, and how did you achieve leverage in occupancy costs? A: The merchandise margin improvement was driven by increased private label sales and strong regular price selling. We achieved a 60 basis point increase in merchandise margin. Occupancy cost leverage was achieved as total sales growth outpaced the 3.5% increase in total occupancy costs, resulting in a 10 basis point leverage. - Thomas Heacock, CFO and Adam Akerson, VP-Finance, Corporate Controller Q: How are you addressing tariffs for private labels, given their exposure to China? A: We are working closely with vendors to source from other countries while maintaining strong relationships with key vendors. This strategy helps us manage costs and maintain our product offerings. - Thomas Heacock, CFO Q: Can you explain the factors contributing to the increase in SG&A expenses and potential for future leverage? A: SG&A expenses increased due to higher payroll costs, incentive compensation, equity compensation, and health insurance costs. Store payroll was flat as a percentage of sales, and future leverage will depend on continued sales growth. - Thomas Heacock, CFO Q: What are the key drivers behind the strong performance in the women's business and the sequential improvement in the men's business? A: The women's business saw a 10.5% increase in merchandise sales, driven by strong denim sales and a balanced assortment of other categories. The men's business showed sequential improvement, with positive year-over-year sales in April, supported by strong sell-throughs in key categories. - Adam Akerson, VP-Finance, Corporate Controller For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
Buckle: Fiscal Q1 Earnings Snapshot
KEARNEY, Neb. (AP) — KEARNEY, Neb. (AP) — Buckle Inc. (BKE) on Friday reported fiscal first-quarter earnings of $35.2 million. On a per-share basis, the Kearney, Nebraska-based company said it had profit of 70 cents. The teen clothing retailer posted revenue of $272.1 million in the period. Buckle shares have declined 18% since the beginning of the year. The stock has climbed 13% in the last 12 months. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on BKE at
Yahoo
30-01-2025
- Business
- Yahoo
The Buckle, Inc.'s (NYSE:BKE) Stock Is Going Strong: Is the Market Following Fundamentals?
Buckle's (NYSE:BKE) stock is up by a considerable 12% over the past three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. In this article, we decided to focus on Buckle's ROE. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Put another way, it reveals the company's success at turning shareholder investments into profits. See our latest analysis for Buckle The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Buckle is: 41% = US$198m ÷ US$488m (Based on the trailing twelve months to November 2024). The 'return' is the amount earned after tax over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.41 in profit. So far, we've learned that ROE is a measure of a company's profitability. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. First thing first, we like that Buckle has an impressive ROE. Secondly, even when compared to the industry average of 19% the company's ROE is quite impressive. This likely paved the way for the modest 14% net income growth seen by Buckle over the past five years. Next, on comparing Buckle's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 17% over the last few years. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. Is BKE fairly valued? This infographic on the company's intrinsic value has everything you need to know. Buckle has a three-year median payout ratio of 29%, which implies that it retains the remaining 71% of its profits. This suggests that its dividend is well covered, and given the decent growth seen by the company, it looks like management is reinvesting its earnings efficiently. Besides, Buckle has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Our latest analyst data shows that the future payout ratio of the company is expected to rise to 96% over the next three years. Regardless, the future ROE for Buckle is speculated to rise to 50% despite the anticipated increase in the payout ratio. There could probably be other factors that could be driving the future growth in the ROE. On the whole, we feel that Buckle's performance has been quite good. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
