The Buckle Inc. reported net income declined slightly in the second quarter, to $23.5 million, or 49 cents a share, from $24.5 million, or 51 cents, a year ago.
Net sales for the 13-week fiscal quarter ended August 1, 2015 increased 0.1 percent to $236.1 million from net sales of $235.7 million for the prior year 13-week fiscal quarter ended August 2, 2014. Comparable store net sales for the 13-week period ended August 1, 2015 decreased 1.7 percent from comparable store net sales for the prior year 13-week period ended August 2, 2014. Online sales increased 17.4 percent to $20.1 million for the 13-week period ended August 1, 2015, compared to net sales of $17.1 million for the 13-week period ended August 2, 2014.
Net sales were $507.4 million for both the 26-week fiscal period ended August 1, 2015 and the 26-week fiscal period ended August 2, 2014. Comparable store net sales for the 26-week period ended August 1, 2015 decreased 2.0 percent from comparable store net sales for the prior year 26-week period ended August 2, 2014. Online sales increased 14.9 percent to $44.3 million for the 26-week period ended August 1, 2015, compared to net sales of $38.6 million for the 26-week period ended August 2, 2014.
Net income for the second quarter of fiscal 2015 was $23.5 million, or $0.49 per share ($0.49 per share on a diluted basis), compared with $24.5 million, or $0.51 per share ($0.51 per share on a diluted basis) for the second quarter of fiscal 2014.
Net income for the 26-week fiscal period ended August 1, 2015 was $57.1 million, or $1.19 per share ($1.18 per share on a diluted basis), compared with $61.8 million, or $1.29 per share ($1.29 per share on a diluted basis) for the 26-week period ended August 2, 2014.
Buckle currently operates 464 retail stores in 44 states. As of the end of the fiscal quarter, it operated 464 stores in 44 states compared with 456 stores in 44 states at the end of the second quarter of fiscal 2014.
