KEARNEY, NE — The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended January 30, 2016 was $54.3 million, or $1.13 per share ($1.13 per share on a diluted basis). Net income for the fiscal year ended January 30, 2016 was $147.3 million, or $3.06 per share ($3.06 per share on a diluted basis).
Net sales for the 13-week fiscal quarter ended January 30, 2016 decreased 6.1 percent to $332.0 million from net sales of $353.5 million for the prior year 13-week fiscal quarter ended January 31, 2015. Comparable store net sales for the 13-week period ended January 30, 2016 decreased 7.2 percent from comparable store net sales for the prior year 13-week period ended January 31, 2015. Online sales increased 7.1 percent to $35.3 million for the 13-week period ended January 30, 2016, compared to net sales of $33.0 million for the 13-week period ended January 31, 2015.
Net sales for the 52-week fiscal year ended January 30, 2016 decreased 2.9 percent to $1.120 billion from net sales of $1.153 billion for the 52-week fiscal year ended January 31, 2015. Comparable store net sales for the 52-week period ended January 30, 2016 decreased 4.4 percent from comparable store net sales for the prior year 52-week period ended January 31, 2015. Online sales increased 11.8 percent to $105.5 million for the 52-week period ended January 30, 2016, compared to net sales of $94.3 million for the 52-week period ended January 31, 2015.
Net income for the fourth quarter of fiscal 2015 was $54.3 million, or $1.13 per share ($1.13 per share on a diluted basis), compared with $60.1 million, or $1.25 per share ($1.25 per share on a diluted basis) for the fourth quarter of fiscal 2014.
Net income for the fiscal year ended January 30, 2016 was $147.3 million, or $3.06 per share ($3.06 per share on a diluted basis), compared with $162.6 million, or $3.39 per share ($3.38 per share on a diluted basis) for the fiscal year ended January 31, 2015.
The Buckle, Inc.
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 468 retail stores in 44 states. As of the end of the fiscal year, it operated 468 stores in 44 states compared with 460 stores in 44 states at the end of fiscal 2014.
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