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Buckle's Q4 results down, but beat expectations
Buckle store Credits: 42031454 © Boggy | Dreamstime.com Apparel retailer Buckle recorded a decline in its fourth quarter net income to 77.2 million dollars or 1.54 dollars per share and net sales for the quarter decreased 0.8 percent to 379.2 million dollars. Despite these decreases, both figures exceeded analysts' consensus estimates. Notably, comparable store net sales for the quarter increased 3.9 percent and online sales increased 6.4 percent to 69.7 million dollars. Full year net income declined to 195.5 million dollars or 3.92 dollars per share. Net sales for the full fiscal year decreased 3.4 percent to 1.218 billion dollars and comparable store net sales decreased 2.7 percent. Online sales for the year also decreased 4.3 percent to 197.7 million dollars. The company finished the fiscal year with 440 stores in 42 states, following the closure of four locations.
Apparel retailer Buckle recorded a decline in its fourth quarter net income to 77.2 million dollars or 1.54 dollars per share and net sales for the quarter decreased 0.8 percent to 379.2 million dollars. Despite these decreases, both figures exceeded analysts' consensus estimates.
Notably, comparable store net sales for the quarter increased 3.9 percent and online sales increased 6.4 percent to 69.7 million dollars.
Full year net income declined to 195.5 million dollars or 3.92 dollars per share. Net sales for the full fiscal year decreased 3.4 percent to 1.218 billion dollars and comparable store net sales decreased 2.7 percent. Online sales for the year also decreased 4.3 percent to 197.7 million dollars.
The company finished the fiscal year with 440 stores in 42 states, following the closure of four locations.
