Buckle second quarter net sales fall 10.1 percent

The Buckle said that net sales for the second quarter decreased 10.1 percent to 212.2 million dollars from net sales of 236.1 million dollars for the prior year 13-week period. Comparable store net sales decreased 10.8 percent. Online sales increased 1.4 percent to 20.4 million dollars.

Net sales for the 26-week fiscal period decreased 10.2 percent to 455.7 million dollars from net sales of 507.4 million dollars for the prior year 26-week fiscal period ended August 1, 2015. Comparable store net sales decreased 10.9 percent. Online sales decreased 0.9 percent to 43.9 million dollars.

Net incomes declines in Q2 and H1

Net income for the second quarter was 15.5 million dollars or 0.32 dollar per share compared with 23.5 million dollars or 0.49 dollar per share for the second quarter of fiscal 2015. Net income for the 26-week fiscal period was 38.6 million dollars or 0.80 dollar per share compared with 57.1 million dollars or 1.19 dollars per share and 1.18 dollars on a diluted basis for the 26-week period ended August 1, 2015.

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