The Buckle Inc. reported net income improved 36.5 percent to $15.7 million, or 32 cents per share, compared with $11.5 million, or 24 cents, for the second quarter of fiscal 2017.
Net sales for the 13-week fiscal quarter ended August 4, 2018 increased 2.8 percent to $201.1 million from net sales of $195.7 million for the prior year 13-week fiscal quarter ended July 29, 2017. Comparable store net sales for the 13-week period ended August 4, 2018 increased 1.4 percent from comparable store net sales for the prior year 13-week period ended August 5, 2017. Online sales increased 8.6 percent to $21.2 million for the 13-week period ended August 4, 2018, compared to net sales of $19.5 million for the 13-week period ended July 29, 2017.
Net sales for the 26-week fiscal period ended August 4, 2018 decreased 0.5 percent to $406.0 million from net sales of $407.9 million for the prior year 26-week fiscal period ended July 29, 2017. Comparable store net sales for the 26-week period ended August 4, 2018 decreased 0.9 percent from comparable store net sales for the prior year 26-week period ended August 5, 2017. Online sales increased 7.3 percent to $44.3 million for the 26-week period ended August 4, 2018, compared to net sales of $41.3 million for the 26-week period ended July 29, 2017.
Due to the 53rd week in fiscal 2017, comparable store net sales for the quarter and year-to-date periods are compared to the 13-week and 26-week periods ended August 5, 2017.
Net income for the 26-week fiscal period ended August 4, 2018 was $34.0 million, or 70 cents per share, compared with $27.8 million, or 57 cents, for the 26-week period ended July 29, 2017.
Known as a denim destination, Buckle currently operates 455 retail stores in 43 states.
