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 inched up 0.1 percent to $236.1 million. Same-store sales decreased 1.7 percent.
Men's revenues were up approximately 5 percent, led by casual bottoms, knit shirts, shorts and accessories. Women’s sales were down approximately 3.5 percent although gains were seen in casual bottoms, woven tops, shorts and dresses. Combined accessories sales were up approximately 3.5 percent and combined footwear sales were down approximately 7.5 percent.
Gross margin for the quarter was 40.1 percent, down approximately 20 basis points due to the comp decline. Merchandise margin were up about 55 basis points for the quarter.
