Buckle Inc. reported fourth-quarter earnings rose 39.6 percent on a 17.7 percent sales gain.
Net income for the fourth quarter of fiscal 2020 was $65.6 million, or $1.33 per share, compared with $47.0 million, or 96 cents, for the fourth quarter of fiscal 2019.
Net sales for the 13-week fiscal quarter ended January 30 increased 17.7 percent to $318.8 million from net sales of $271.0 million for the prior year. Comparable store net sales increased 18.0 percent. Online sales increased 81.5 percent to $66.2 million.
Net income for the fiscal year was $130.1 million, or $2.66 per share, compared with $104.4 million, or $2.14, the prior year.Net sales increased 0.1 percent to $901.3 million. Comparable store net sales increased 0.4 percent.
Headquartered in Kearney, NE, Buckle currently operates 442 retail stores in 42 states.
Photo courtesy Buckle
