The Buckle Q4 profit rises on higher sales
- Q4 profit up 1.4% to $60.1m
- Sales rise 4.3% to $353.5m
- Online sales grow 12.6% to $33m
US denim specialist The Buckle has seen its net profit increase in the fourth quarter, helped by higher sales, including a double-digit gain in online sales.
Net income reached US$60.1m for the three months to 31 January, compared to $59.3m in the same period of the prior year.
Sales increased 4.3% to $353.5m from $339m last year, while comparable store sales climbed 1.1%. Online sales (which are not included in comparable store sales) grew 12.6% to $33m from $29.3m a year ago.
During the full year, net income remained broadly flat at $162.6m, while sales rose 2.2% to $1.15bn from $1.13bn last year. Comparable store sales were flat year-on-year. Online sales reached $94.3m, up 6% from $89m a year ago.
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