UPDATE: Buckle Q4 Earnings Top Expectations, Shares Rise

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Shares of
Buckle Inc.BKE
gained more than 4% in pre-market trading after the company reported better-than-expected earnings for the fourth quarter. The Kearney, Nebraska-based company posted a quarterly profit of $60.1 million, or $1.25 per share, compared to a year-ago profit of $59.3 million, or $1.23 per share. Its net sales surged 4.3% to $353.5 million from $339 million. However, analysts were expecting a profit of $1.24 per share on revenue of $353.5 million. Its same-store sales rose 1.1% in the quarter, while online sales surged 12.6% to $33 million. Buckle's gross margin narrowed to 47.4% from 47.6%. Buckle shares surged 4.39% to $50.92 in pre-market trading.
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Posted In: EarningsNewsprofit
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