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The retailer reported net income of $60.13 million, or $1.25 per share, compared to $59.30 million, or $1.23 per share, last year. Analysts expected to see EPS of $1.24.
Revenue rose 4.3% to $353.54 million from $339.00 million. On average, analysts expected revenue of $353.50 million. Comparable sales for the quarter increased by 1.1%.
While Buckle reported a 1.1% increase in comparable store sales for the fourth quarter, monthly comps have not been so impressive. Over the last five months, BKE’s monthly comps have been mostly negative.
While BKE’s shares are not collapsing like some of its apparel retail peers, the company has failed to perform in-line with the sector as a whole. In the last 12 months, shares of BKE have increased about 6%, while the retail industry has gained over 15%.
|RYPRX||Royce Premier Invmt||3.56%|
|RYSEX||Royce Special Equity Invmt||3.54%|
|PENNX||Royce Pennsylvania Mutual Invmt||1.88%|
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