The Buckle Tops Q4 Estimates; Stock Up Slightly

Retailer The Buckle

released its fiscal fourth-quarter earnings results prior to the opening bell on Thursday. The company's earnings and revenue came in above Wall Street expectations, and the stock was last up around 1 percent in afternoon trade. The stock is currently sitting in the vicinity of all-time highs and BKE remains in an uptrend. For the fourth-quarter, the company reported net income of $61.36 million or $1.28 per share, compared to $56.08 million or $1.18 per share, in last year's corresponding quarter. This beat analysts' consensus EPS estimates of $1.25. Net revenue for the quarter grew 7 percent to $360.62 million, above Wall Street consensus revenue estimates of $356.58 million. Total online sales rose 5.4 percent to $29.1 million in the period. As of the end of the fiscal year, the retailer operated 440 stores in 43 states. For Q4, comparable store sales were flat versus the year ago period.