Buckle posts earnings of 0.24 dollar per share

Second quarter net income at Buckle was 11.5 million dollars, or 0.24 dollars per share compared with 15.5 million dollars or 0.32 dollar per share for the second quarter of fiscal 2016. Net sales for the quarter decreased 7.8 percent to 195.7 million dollars from 212.2 million dollars for the prior year 13-weeks, while comparable store net sales decreased 7.7 percent. The company’s online sales decreased 4.5 percent to 19.5 million dollars against 20.4 million dollars for the same period last year.

Net sales for the 26-week fiscal period ended July 29, 2017 decreased 10.5 percent to 407.9 million dollars against 455.7 million dollars for the prior year’s 26-week period, while comparable store net sales decreased 10.3 percent. Online sales for the period decreased 6 percent to 41.3 million dollars compared to 43.9 million dollars for the 26-week period ended July 30, 2016.

Net income for the 26-week period was 27.8 million dollars or 0.58 dollar per share or 0.57 dollar per share on a diluted basis compared with 38.6 million dollars or 0.80 dollars per share for the same period last year.

Picture:Facebook/Buckle