The Buckle Inc. reported in earnings in the fourth quarter dipped 2.1 percent on a 6 percent revenue decline.
Net sales for the 13-week fiscal quarter ended February 2, 2019 decreased 6.0 percent to $264.4 million from net sales of $281.2 million for the prior year 14-week fiscal quarter ended February 3, 2018. Comparable store net sales for the 13-week period ended February 2, 2019 decreased 0.6 percent from comparable store net sales for the prior year 13-week period ended February 3, 2018. Online sales increased 1.3 percent to $33.9 million for the 13-week period ended February 2, 2019, compared to net sales of $33.5 million for the 14-week period ended February 3, 2018.
Net sales for the 52-week fiscal year ended February 2, 2019 decreased 3.1 percent to $885.5 million from net sales of $913.4 million for the 53-week fiscal year ended February 3, 2018. Comparable store net sales for the 52-week period ended February 2, 2019 decreased 0.9 percent from comparable store net sales for the prior year 52-week period ended February 3, 2018. Online sales increased 5.6 percent to $103.7 million for the 52-week period ended February 2, 2019, compared to net sales of $98.2 million for the 53-week period ended February 3, 2018.
Net income for the fourth quarter of fiscal 2018 was $41.1 million, or 85 cents per share (84 cents per share on a diluted basis), compared with $42.0 million, or 87 cents per share (87 cents per share on a diluted basis) for the fourth quarter of fiscal 2017.
Net income for the fiscal year ended February 2, 2019 was $95.6 million, or $1.97 per share ($1.97 per share on a diluted basis), compared with $89.7 million, or $1.86 per share ($1.85 per share on a diluted basis) for the fiscal year ended February 3, 2018.
Headquartered in Kearney, NE, Buckle currently operates 450 retail stores in 42 states.
