NEW YORK — The Buckle Inc. posted increases in net and same-store sales as well as profits in the third quarter.
This story first appeared in the November 17, 2003 issue of WWD. Subscribe Today.
The Kearney, Neb.-based retailer said that income rose 8.2 percent for the three months ended Nov. 1 to $12.2 million, or 56 cents a diluted share, from $11.3 million, or 53 cents, last year. Sales increased 6 percent to $121.3 million from $114.4 million, while same-store sales inched up 1.3 percent.
For the nine months, income decreased by 4.4 percent to $18.8 million, or 87 cents, from $19.6 million, or 90 cents, a year ago. Sales gained 3.9 percent to $288.7 million from $277.8 million. Same-store sales dipped slightly, down 0.1 percent for the period.
The Buckle operates 319 specialty stores catering to young men and women in 37 states. Another unit is planned for this year at the Westfield Shoppingtown South County mall in St. Louis.