Press Release:
THE BUCKLE, INC. REPORTS FIRST QUARTER NET INCOME
May 21, 2015
KEARNEY, NE — The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended May 2, 2015 was $33.6 million, or $0.70 per share ($0.70 per share on a diluted basis).
Net sales for the 13-week fiscal quarter ended May 2, 2015 decreased 0.1 percent to $271.3 million from net sales of $271.7 million for the prior year 13-week fiscal quarter ended May 3, 2014. Comparable store net sales for the 13-week period ended May 2, 2015 decreased 2.2 percent from comparable store net sales for the prior year 13-week period ended May 3, 2014. Online sales increased 12.9 percent to $24.2 million for the 13-week period ended May 2, 2015, compared to net sales of $21.4 million for the 13-week period ended May 3, 2014.
Net income for the first quarter of fiscal 2015 was $33.6 million, or $0.70 per share ($0.70 per share on a diluted basis), compared with $37.3 million, or $0.78 per share ($0.78 per share on a diluted basis) for the first quarter of fiscal 2014.
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 463 retail stores in 44 states. As of the end of the fiscal quarter, it operated 463 stores in 44 states compared with 450 stores in 43 states at the end of the first quarter of fiscal 2014.
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