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Buckle’s Q4 Profits Fall

The Buckle is the latest teen retailer to post lower Q4 results.

The Buckle Inc. said it posted a 3.3 percent decline in fourth-quarter profits.

For the three months ended Feb. 1, the teen retailer said net income was $59.3 million, or $1.23 a diluted share, from $61.4 million, or $1.28, last year.

Net sales also fell in the quarter by 6 percent to $339 million from $360.6 million. Same-store sales for the three months decreased 2.8 percent.

The company operates 450 retail stores across 43 states.

 

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