The Buckle Inc. reported earnings slid 11.6 percent percent in the third quarter, to $35.9 million, or 74 cents a share, compared with $40.6 million, or 84 cents, for the third quarter of fiscal 2014.
Net sales for the 13-week fiscal quarter ended Oct. 31, 2015 decreased 4.1 percent to $280.2 million from net sales of $292.2 million for the prior year 13-week fiscal quarter ended Nov. 1, 2014. Comparable store net sales for the 13-week period ended Oct. 31, 2015 decreased 5.2 percent from comparable store net sales for the prior year 13-week period ended Nov. 1, 2014. Online sales increased 13.6 percent to $25.9 million for the 13-week period ended Oct. 31, 2015, compared to net sales of $22.8 million for the 13-week period ended Nov. 1, 2014.
Net sales for the 39-week fiscal period ended Oct. 31, 2015 decreased 1.5 percent to $787.6 million from net sales of $799.6 million for the prior year 39-week fiscal period ended Nov. 1, 2014. Comparable store net sales for the 39-week period ended Oct. 31, 2015 decreased 3.1 percent from comparable store net sales for the prior year 39-week period ended Nov. 1, 2014. Online sales increased 14.4 percent to $70.2 million for the 39-week period ended Oct. 31, 2015, compared to net sales of $61.4 million for the 39-week period ended Nov. 1, 2014.
Net income for the 39-week fiscal period ended Oct. 31, 2015 was $92.9 million, or $1.93 per share, compared with $102.4 million, or $2.14 per share, for the 39-week period ended Nov. 1, 2014.
Headquartered in Kearney, NE, Buckle currently operates 469 retail stores in 44 states.
