Northern, WI 5/17/12 (StreetBeat) -- The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended April 28, 2012 was $37.8 million, or $0.80 per share ($0.79 per share on a diluted basis).
Net sales for the 13-week fiscal quarter ended April 28, 2012 increased 9.9 percent to $263.8 million from net sales of $240.1 million for the prior year 13-week fiscal quarter ended April 30, 2011. Comparable store net sales for the 13-week period ended April 28, 2012 increased 7.4 percent from comparable store net sales for the prior year 13-week period ended April 30, 2011. Online sales (which are not included in comparable store sales) increased 15.1 percent to $19.7 million for the 13-week period ended April 28, 2012, compared to net sales of $17.1 million for the 13-week period ended April 30, 2011.
Net income for the first quarter of fiscal 2012 was $37.8 million, or $0.80 per share ($0.79 per share on a diluted basis), compared with $33.5 million, or $0.72 per share ($0.71 per share on a diluted basis), for the first quarter of fiscal 2011.
Management will hold a conference call at 10:00 a.m. EDT today to discuss first quarter results. To participate in the call, please call (800) 230-1093 and reference the conference code 247249. A replay of the call will be available for a two-week period beginning May 17, 2012 at 12:00 p.m. EDT by calling (800) 475-6701 and entering the conference code 247249.
Offering a unique mix of high-quality, on-trend apparel, accessories, and footwear, Buckle caters to fashion-conscious young men and women. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company’s exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 433 retail stores in 43 states. As of the end of the first quarter, it operated 431 stores in 43 states compared with 422 stores in 41 states at the end of the first quarter of fiscal 2011.
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