The Buckle Inc. reported earnings rose 14.4 percent in the fourth quarter as same-store sales grew 3.3 percent.
The Buckle Inc. announced that net income for the fiscal quarter ended February 1, 2020, was $47.0 million, or 96 cents per share, compared with $41.1 million, or 84 cents per share for the fourth quarter of fiscal 2018.
Net income for the fiscal year ended February 1, 2020, was $104.4 million, or $2.14 per share on a diluted basis, compared with $95.6 million, or $1.97, a year ago, representing a gain of 9.2 percent.
Net sales for the 13-week fiscal quarter ended February 1, 2020, increased 2.5 percent to $271.0 million from net sales of $264.4 million for the prior year 13-week fiscal quarter ended February 2, 2019.
Comparable store net sales for the 13-week period ended February 1, 2020, increased 3.3 percent from comparable store net sales for the prior year 13-week period ended February 2, 2019. Online sales increased 7.5 percent to $36.4 million for the 13-week period ended February 1, 2020, compared to net sales of $33.9 million for the 13-week period ended February 2, 2019.
Net sales for the 52-week fiscal year ended February 1, 2020, increased 1.7 percent to $900.3 million from net sales of $885.5 million for the 52-week fiscal year ended February 2, 2019. Comparable store net sales for the 52-week period ended February 1, 2020, increased 2.2 percent from comparable store net sales for the prior year 52-week period ended February 2, 2019. Online sales increased 6.9 percent to $110.8 million for the 52-week period ended February 1, 2020, compared to net sales of $103.7 million for the 52-week period ended February 2, 2019.
As of the end of the fiscal year, Buckle operated 448 stores in 42 states compared with 450 stores in 42 states
at the end of fiscal 2018.
Photo courtesy The Buckle
