Buckle Q4 net income rises 9%
Kearney, Neb. -- The Buckle said that its fourth-quarter net income increased 9%, topping Wall Street expectations.
For the quarter ended Feb. 2, the retailer earned $61.4 million, up from $56.1 million in the same quarter last year.
Net sales for the 14-week quarter ended February 2, 2013 increased 7% to $360.6 million from net sales of $337.1 million for the prior year 13-week fiscal quarter ended January 28, 2012. Same-store net sales for the quarter were flat.
Online sales (which are not included in comparable store sales) increased 5.4% to $29.1 million for the 14-week period ended February 2, 2013, compared to net sales of $27.6 million for the 13-week period ended January 28, 2012.
For the full fiscal year, Buckle earned $164.3 million, up from $151.5 million in 2011. Revenue increased to $1.12 billion from $1.06 billion.
Buckle Inc. operates 441 stores in 43 states.