Buckle reports marginal decline in Q1 net sales

Net income for the fiscal quarter ended May 2, 2015 at Buckle was 33.6 million dollars, or 0.70 dollars per share or 0.70 dollars per share on a diluted basis. Net sales for the quarter decreased 0.1 percent to 271.3 million dollars from net sales of 271.7 million dollars for the prior year 13-week fiscal quarter ended May 3, 2014. Comparable store net sales decreased 2.2 percent.

Online sales increased 12.9 percent to 24.2 million dollars for the 13-week period ended May 2, 2015, compared to net sales of 21.4 million dollars for the same period, last year. Net income for the first quarter was 33.6 million dollars, or 0.70 dollars per share or 0.70 dollars per share on a diluted basis, compared with 37.3 million dollars, or 0.78 dollars per share and 0.78 dollars per share on a diluted basis for the first quarter of fiscal 2014.