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Buckle Inc (NYSE:BKE) reported a fourth-quarter FY24 sales decline of 0.8% year-on-year to $379.20 million, beating the analyst consensus estimate of $379.14 million.
EPS of $1.53 beat the consensus estimate of $1.44.
Comparable store net sales for the quarter increased 3.9%. Online sales increased 6.4% to $69.7 million.
Also Read: Meta’s Community Notes To Replace Third-Party Fact Checkers
Gross profit was broadly flat at $199.5 million and the gross margin expanded 30 basis points to 52.6%.
The operating income for the quarter decreased 0.3% to $96.2 million, with an operating margin of 25.3%.
The company held about $291 million in cash and equivalents as of February 1, 2025. Inventory at the end of the quarter was $120.7 million, a 4.3% decline from last year.
Price Action: BKE shares traded higher by 4.55% at $36.75 premarket at last check Friday.
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This article Specialty Retailer Buckle Q4: Sales Dip, Earnings Beat, Solid Comps And More originally appeared on Benzinga.com
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