Mall-based retailer The Buckle has seen its fourth-quarter profit rise, helped by higher sales and merchandise margins.
Net income rose 9.4% to $61.4 million for the 14 weeks to February 2 against $56.1 million the same period last year.
The Kearney, Nebraska-based company, which operates 441 stores, saw net sales increase 7% to $360.6 million from $337.1 million the prior year, while comparable store sales were flat. Online sales climbed 5.4% to $29.1 million against $27.6 million last year.
Speaking on a call with analysts, the company outlined gains in all categories. Men’s merchandise sales for the quarter rose 9.5% with strength in denim, knit shirts, active apparel, accessories and footwear.
Women’s merchandise sales were up 5.5%, with strong categories including woven tops, active apparel, accessories and footwear. Combined accessories sales rose 10%, and combined footwear sales were up 19%.
Over the full year, net income grew 8.4% to $164.3 million, up from $151.5 million the year before. Net sales reached $1.12 billion, a rise of 5.7% on the $1.06 billion reported last year.
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