Buckle profit and sales rise in Q2
Kearney, Neb. — Teen apparel retailer The Buckle reported Thursday that net income for the quarter ended July 31 climbed 13.5% to $23.6 million. Revenue rose 12.6% to $212.4 million, and same-store sales increased 8.5%.
The company also reported that its CFO Karen Rhoads will remain in her position, after having said earlier this year that she would be stepping down.
Bon-Ton narrows loss on reduced expense
York, Pa. — The Bon-Ton Stores reported Thursday that it narrowed its loss in the second quarter to $32.3 million from $33.7 million a year earlier.
Sales declined 2.2% to $595.5 million, but aggressive cost-cutting prompted the improved profit performance. Results, however, missed Wall Street expectations.
Same-store sales fell 1.5% for the quarter.
GameStop profit drops in Q2 on slow video game sales
Grapevine, Texas — GameStop Corp. reported Thursday that net income for the quarter ended July 30 dropped 23% to $30.9 million, compared with $40.3 million in the year-ago period. The company cited slowing video game sales for the lackluster performance.
Revenue fell 3% to $1.74 billion, missing expectations, and same-store sales dropped 9.1%.