KOLNKGIN - Nebraska Central News - Headlines

Buckle 1Q Net Income Rises as Shoppers Spend More

By: Associated Press
Posted: Thu 8:34 AM, May 17, 2012

The Buckle Inc.'s first-quarter net income rose 13 percent as shoppers spent more in stores and online.

The seller of jeans and other clothing earned $37.8 million, or 79 cents per share, for the three months ended April 28.

A year earlier the Kearney, Neb., company earned $33.5 million, or 71 cents per share.

Analysts surveyed by FactSet expected profit of 76 cents per share, on average.

Revenue increased 10 percent to $263.8 million, from $240.1 million.

Online sales rose 15 percent to $19.7 million, while revenue at stores open at least a year grew 7.4 percent.

That's a key indicator of a retailer's health because it excludes results from stores recently opened or closed.

Buckle currently runs 433 stores in 43 states, up from 422 stores a year ago.


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