Profits at The Buckle, Inc. rose 10.1 percent in the third quarter on a 9.3 percent revenue gain.
Net income for the third quarter ended November 1 was $48.7 million, or 96 cents per share, compared with net income of $44.2 million, or 89 cents, a year ago. Sales increased to $320.8 million from net sales of $293.6 million for the prior year. Same-store sales grew 8.3 percent.
Online sales climbed 13.6 percent to $53.0 million for the quarter.
Net sales for the 39-week fiscal period increased 7.2 percent to $898.7 million, with comps advancing 6.3 percent. Online sales increased 11.6 percent to $142.9 million.
Net income for the 39-week fiscal period was $128.9 million, or $2.55 per share, compared with net income of $118.3 million, or $2.35, a year earlier.
Headquartered in Kearney, NE, Buckle currently operates 444 retail stores in 42 states.
Image courtesy The Buckle
