Buckle Up 7% on Solid July Sales, Online Business Bodes Well

Shares of The Buckle, Inc. BKE have increased 7.4% since the company released robust sales numbers for July on Aug 6. Moreover, the company’s online business, which has been open throughout amid the COVID-19 crisis, is performing outstandingly. Coming to sales data, total net sales for the four-week fiscal month ended Aug 1, 2020 grew 3.8% to $70 million from net sales of $67.5 million recorded in the four-week fiscal month ended Aug 3, 2019. This marks the second-straight sales increase on a monthly basis.

We note that the company had seen an increase of 26.8% for June, following a sales decline of 16.8%, 80.8% and 50.2%, respectively, in the preceding three months. Further, net sales for the 13-week fiscal quarter ended Aug 1, 2020 rose 6% to $216 million compared to net sales of $203.8 million recorded in the year-earlier 13-week fiscal quarter. Moreover, online sales for the same

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Why Solid Peripherals Make the Stock a Buy

Logitech International SA (NASDAQ:LOGI) (SWX:LOGN) has had an excellent run even before the Covid-19 pandemic took place. Being a leading player in the global computer peripherals space, the company witnessed strong tailwinds in many of its segments with the increasing popularity of the work-from-home and learn-from-home trends.

The strong boost of gaming activity was another big plus point that helped the company show phenomenal growth in its top-line and margins in its most recent result. The management’s renewed guidance is stronger than before, and in my opinion, the company continues to be a lucrative investment to hold at current levels.

Company overview

Logitech is a Switzerland-based company engaged in the design, manufacture and marketing of personal computer accessories and mobile accessories for navigation, video communication and collaboration, smart home and other applications. It has a broad portfolio of products such as mice, keyboards, charging stands, tablet cases, car mounts for

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