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Buckle Reports Q4 And FY13 Results: FY Net Sales Positive

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The Buckle (NYSE: BKE) on Friday reported fourth quarter and fiscal year 2013 net income.

Quarter Results

For the fiscal quarter ending February 1, 2014, net income was $59.3 million, or $1.24 per share ($1.23 per share on a diluted basis). Net sales were down six percent from $360.6 million to $339 million and comparable store net sales were down 2.8 percent from the fourth quarter last year. Net income came in $59.3 million, or $1.24 per share or $1.23 on a diluted basis. Net income was down compared with the fourth quarter of the previous year which was $61.4 million, or $1.29.

Full-Year Results

For the fiscal year, net income was $162.6 million, or $3.41 per share ($3.39 per share on a diluted basis). Net sales were up 0.4 percent year-over-year from $1.124 billion to $1.128 billion. Comparable store net sales were flat from the fiscal year 2012. Net income for the fiscal year 2013 was $162.6 million, or $3.41 per share ($3.39 on a diluted basis).

Conference Call Information

Investors and the general public can access the company's conference call at 10:00 a.m. (EDT), which will cover fourth quarter results. A replay will be available for two weeks beginning March 14, 2014, at 12:00 p.m. (EDT). To access the call in real time, call (888) 276-0005 and reference the conference code 321394. For access to the replay, call (800) 475-6701 and enter the conference code 321394.

Shares of Buckle are trending upward, following Thursday's close of $45.52.

Posted-In: Q4 and FY EarningsEarnings News

 

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