The Buckle Inc. posted weak third-quarter earnings as sales slumped 4.1 percent, but the specialty apparel retailer is seeing stronger online sales for the quarter and year-to-date.

The company said earnings fell 11.6 percent to $35.9 million, or 74 cents a share, from $40.6 million, or 84 cents, in the same period last year as sales dropped to $280.2 million from $292.2 million. The gross margin rate declined 188 basis points in the quarter to 41.85 percent.

Same-store sales for the quarter showed a fall of 5.2 percent. As the end of the quarter, the retailer operated 468 stores in 44 states, which compares to 461 stores in 44 states in the same period last year.

In the most recent quarter, online sales rose 13.6 percent to $25.9 million. Year-to-date, online sales are up 14.4 percent to $70.2 million.

load comments
blog comments powered by Disqus