The Buckle, Inc. (BKE) announced today that net income for the fiscal quarter ended May 3, 2014 was $37.3 million, or $0.78 per share ($0.78 per share on a diluted basis).
Net sales for the 13-week fiscal quarter ended May 3, 2014 increased 0.7 percent to $271.7 million from net sales of $269.7 million for the prior year 13-week fiscal quarter ended May 4, 2013.
Comparable store net sales for the 13-week period ended May 3, 2014 decreased 0.9 percent from comparable store net sales for the prior year 13-week period ended May 4, 2013. Online sales (which are not included in comparable store sales) increased 2.5 percent to $21.4 million for the 13-week period ended May 3, 2014, compared to net sales of $20.9 million for the 13-week period ended May 4, 2013.
Net income for the first quarter of fiscal 2014 was $37.3 million, or $0.78 per share ($0.78 per share on a diluted basis), compared with $37.6 million, or $0.79 per share ($0.78 per share on a diluted basis) for the first quarter of fiscal 2013.
About Buckle
Offering a unique mix of high-quality, on-trend apparel, accessories, and footwear, Buckle caters to fashion-conscious young men and women. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company’s exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 452 retail stores in 43 states. As of the end of the fiscal quarter, it operated 450 stores in 43 states compared with 443 stores in 43 states at the end of the first quarter of fiscal 2013.
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