The Buckle’s Q4 net income, sales decline

Kearney, Neb. –- The impact of an extra week in the fourth quarter of fiscal 2012 helped drive down net income and sales at The Buckle during the fourth quarter of fiscal 2013. On a year-over-year basis, net income dropped 3% to $59.4 million from $61.3 million, while net sales declined 6% to $339 million from $360.6 million. Same-store sales for the quarter decreased 2.8%. Year-over-year results were more favorable in the full fiscal year. Although net income declined 1% to $162.6 million from $164.3 million, net sales grew 0.4% to $1.128 billion from $1.124 billion and same-store sales were flat.
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