Buckle Posts Upbeat Q2 Profit, But Sales Miss Views
Buckle Inc (NYSE: BKE) reported stronger-than-expected earnings for the second quarter on Thursday.
The Kearney, Nebraska-based company reported quarterly net income of $23.5 million, or $0.49 per share, versus $24.5 million, or $0.51 per share , in the year-ago period.
Its revenue rose 0.1 percent year-over-year to $236.1 million from $235.7 million. However, analysts were expecting earnings of $0.47 per share on revenue of $241.20 million.
The average estimate among 5 Estimize users was for earnings of $0.64 per share and revenue of $258.15 million.
Its comparable store net sales slipped 1.7 percent for the quarter. Online sales climbed 17.4 percent to $20.1 million from $17.1 million.
Buckle shares fell 0.63 percent to close at $42.89 yesterday.
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