The Buckle Inc. on Friday announced net income for the fiscal second quarter ended August 3 of $16.4 million, or 34 cents per share, up from $15.7 million, or 32 cents per share a year ago, and ahead of Wall Street’s estimates by 4 cents.
Net sales for the 13-week fiscal quarter increased 1.4 percent to $203.8 million from net sales of $201.1 million for the prior-year 13-week fiscal quarter ended August 4, 2018.
Comparable store net sales for the period increased 1.8 percent from comparable store net sales for the prior-year period. Online sales increased 9.2 percent to $23.1 million from $21.2 million in the year-ago quarter.
Net sales for the 26-week fiscal period ended August 3 decreased 0.2 percent to $405.1 million from net sales of $406 million for the prior-year period. Comparable store net sales for the 26-week period increased 0.3 percent. Online sales increased 7.3 percent to $47.5 million from $44.3 million.
Net income for the 26-week fiscal period was $31.5 million, or 65 cents per share (65 cents per share on a diluted basis), compared with $34 million, or 70 cents per share (70 cents per share on a diluted basis) for the 26-week period ended August 4, 2018.