The Buckle profit rises in Q4
Kearney, Neb. — The Buckle reported Thursday that net income for the quarter ended Jan. 29 rose to $49.5 million, compared with $42.1 million in the year-ago period.
Sales rose 10.4% to $303.1 million, from $274.4 million.
Same-store sales increased 6.3%.
For the full year, The Buckle reported that net income rose to $134.7 million from $127.3 million in 2009. Yearly sales increased 5.7% to $949.8 million, from $898.3 million. Same-store sales edged up 1.2%.
Stein Mart profit surges in Q4, sales dip
Jacksonville, Fla. — Stein Mart reported Thursday that fourth quarter profit surged to $18.8 million from $2.7 million in the year-ago period. Results included an income tax benefit in fourth quarter 2010.
Revenue for the quarter ended Jan. 29 decreased 1.5% to $336.7 million, compared with $341.8 a year earlier. Same-store sales dipped 1.2%.
For the full year, Stein Mart reported net income of $48.8 million, up from $23.6 million in 2009. Sales for the year dropped 3.1% to $1.18 billion. Same-store sales decreased 1.8% for the fiscal year 2010.
Stein Mart president and CEO David H. Stovall Jr. attributed the net income strength to “streamlined cost structure and enhanced inventory management.”
Men’s Wearhouse narrows loss in Q4
Houston — The Men’s Wearhouse reported Wednesday a loss of $14.1 million for the quarter ended Jan. 29, narrowed from a loss of $18.8 million in the year-ago period.
The retailer, which sells suits and rents tuxedos, offered a 2011 forecast of adjusted profit that would beat Wall Street projections.
Revenue increased 18.6% to $542.1 million. Same-store sales rose 4.3% on strong tuxedo-rental revenue.