The Buckle reports decreased earnings for FY2015

By

Dani Greene

Published
Mar 15, 2016

The Buckle announced a net income for the fourth quarter of FY15 of $54.3 million, or $1.13 per share on a diluted basis. Compared to the same quarter for FY14, this represents a 6% decrease. For the entire FY15, the company reported a net income of $146.3 million, or $3.06 per share, compared to $163.6 million and $3.39 per share respectively in FY14.

 
Net sales for both Q4 and the full FY15 at brick-and-mortar stores were lower than the previous year at $332 million and $1.12 billion, respectively. Comparable store sales for Q4 FY15 decreased by 7.2% compared to Q4 FY14, and declined 4.4% for the entire FY15. Online sales did see both quarterly and annual growth, increasing by 7.1% and 11.8% respectively.

Ads

Headquartered in Kearney, Nebraska, Buckle currently operates 468 retail stores in 44 states.