Buckle net sales decline in FY15, Q4 earnings beat estimates

The Buckle has said that net sales decreased 6.1 percent to 332 million dollars for the fourth quarter and comparable store net sales decreased 7.2 percent. Net sales for the 52-week fiscal year ended January 30, 2016 decreased 2.9 percent to 1.120 billion dollars and comparable store net sales decreased 4.4 percent from comparable store net sales for the prior year.

Other fourth quarter and fiscal year financial highlights

Online sales increased 7.1 percent to 35.3 million dollars for the 13-week period. Online sales for the year increased 11.8 percent to 105.5 million dollars.

Net income for the fourth quarter was 54.3 million dollars, or 1.13 dollars per share, compared with 60.1 million dollars, or 1.25 dollars per share for the fourth quarter of fiscal 2014. Net income for the fiscal year was 147.3 million dollars, or 3.06 dollars per share compared with 162.6 million dollars, or 3.39 dollars per share for the fiscal year ended January 31, 2015.