S&P 500 falls on pressure from retail stocks, weak jobless claims
KEARNEY, Neb. -On Friday, The Buckle, Inc. (NYSE:BKE) reported fourth-quarter earnings that beat analyst expectations.
The company’s shares were up 8.11% in premarket trading following the earnings release.
The specialty retailer posted adjusted earnings per share of $1.53 for the quarter ended February 1, 2025, surpassing the analyst estimate of $1.38. Revenue came in at $379.2 million, above the consensus forecast of $373.6 million but down 0.8% from $382.4 million in the same quarter last year.
Comparable store sales increased 3.9% YoY for the 13-week period. Online sales rose 6.4% to $69.7 million compared to the prior year 14-week period.
"We’re pleased with our fourth quarter performance, delivering sales and earnings above expectations despite a challenging retail environment," said CEO Dennis Nelson. "Our focus on providing exceptional service and on-trend merchandise continues to resonate with customers."
For the full fiscal year 2025, net sales decreased 3.4% to $1.218 billion. Comparable store sales declined 2.7% while online sales fell 4.3% to $197.7 million.
The company operated 440 stores across 42 states at the end of the fiscal year, down from 444 stores a year earlier.
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