Buckle Falls on Q2 Info

Buckle Inc (NYSE:BKE) reported figures for the period ending August 3, sending its shares lower Friday

The company said second-quarter net sales increased 1.4% to $203.8 million from net sales of $201.1 million for the prior year 13-week fiscal quarter ended August 4, 2018.

Comparable store net sales increased 1.8% from comparable store net sales for the prior year 13-week period ended August 4, 2018. Online sales increased 9.2% to $23.1 million from net sales of $21.2 million for the 13-week period ended August 4, 2018.

Net income for the second quarter of fiscal 2019 was $16.4 million, or $0.34 per share ($0.34 per share on a diluted basis), compared with $15.7 million, or $0.32 per share ($0.32 per share on a diluted basis) for the second quarter of fiscal 2018.

Offering a unique mix of high-quality, on-trend apparel, accessories, and footwear, Buckle caters to fashion-conscious young men and women. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company’s exclusive brand, BKE.

Headquartered in Kearney, Nebraska, Buckle currently operates 449 retail stores in 42 states. As of the end of the fiscal quarter, it operated 449 stores in 42 states compared with 455 stores in 43 states at the end of the second quarter of fiscal 2018.

Shares faded 80 cents, or 4.3%, to $17.80