Press Release:
KEARNEY, Neb.–(BUSINESS WIRE)–
The Buckle, Inc. (NYSE: BKE – News) announced today that net income for the fiscal quarter ended January 28, 2012 was $56.1 million, or $1.19 per share ($1.18 per share on a diluted basis). Net income for the fiscal year ended January 28, 2012 was $151.5 million, or $3.23 per share ($3.20 per share on a diluted basis).
Net sales for the 13-week fiscal quarter ended January 28, 2012 increased 11.2 percent to $337.1 million from net sales of $303.1 million for the prior year 13-week fiscal quarter ended January 29, 2011. Comparable store net sales for the 13-week period ended January 28, 2012 increased 8.0 percent from comparable store net sales for the prior year 13-week period ended January 29, 2011. Online sales (which are not included in comparable store sales) increased 30.9 percent to $27.6 million for the 13-week period ended January 28, 2012, compared to the 13-week period ended January 29, 2011.
Net sales for the 52-week fiscal year ended January 28, 2012 increased 11.9 percent to $1.063 billion from net sales of $949.8 million for the 52-week fiscal year ended January 29, 2011. Comparable store net sales for the 52-week period ended January 28, 2012 increased 8.4 percent from comparable store net sales for the prior year 52-week period ended January 29, 2011. Online sales (which are not included in comparable store sales) increased 25.0 percent to $78.0 million for the 52-week period ended January 28, 2012, compared to the 52-week period ended January 29, 2011.
Net income for the fourth quarter of fiscal 2011 was $56.1 million, or $1.19 per share ($1.18 per share on a diluted basis), compared with $49.5 million, or $1.06 per share ($1.05 per share on a diluted basis) for the fourth quarter of fiscal 2010.
Net income for the fiscal year ended January 28, 2012 was $151.5 million, or $3.23 per share ($3.20 per share on a diluted basis), compared with $134.7 million, or $2.92 per share ($2.86 per share on a diluted basis) for the fiscal year ended January 29, 2011.
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 431 retail stores in 43 states. As of the end of the fiscal year, it operated 431 stores in 43 states compared with 420 stores in 41 states at the end of fiscal 2010.
