Retailer The Buckle, Inc. (BKE) Thursday said first-quarter profit fell marginally from last year, while sales rose over 2 percent.
Net income slid to $37.55 million or $0.78 per share from $37.81 million or $0.79 per share for the first quarter of fiscal 2012. On average, 11 analysts polled by Thomson Reuters expected earnings of $0.82 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the 13-week fiscal quarter ended May 4, 2013 increased 2.3 percent to $269.71 million from $263.76 million in the prior year. Analysts expected revenues of $272.48 million.
Comparable store net sales rose 1.2 percent. Online sales, which are not included in comparable store sales, increased 6.0 percent to $20.9 million, compared to net sales of $19.7 million for the prior year period.
Due to the 53rd week in fiscal 2012, comparable store net sales for the quarter are compared to the 13-week period ended May 5, 2012.
Other income in the quarter was $350 thousand, compared to $1.81 million last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.