The Buckle Beats on Q4 EPS
The Buckle shares closed down on the day in the wake of the company's Q4 and fiscal 2013 results. For the quarter, net sales were $339 million, which was lower than the $361 million in the same period the previous year. Net income landed at $59 million ($1.23 per diluted share), comparing unfavorably to Q4 2012's $61 million ($1.28).
Analysts had been expecting net sales of $349 million and EPS of $1.20.
For the full year, top line was $1.13 billion, a slight improvement over the $1.12 billion of 2012. Net income dropped modestly, to $163 million, from the year-ago tally of $164 million.
In terms of operations, at the end of fiscal 2013, the firm operated 450 retail stores; that figure for end-2012 was 440.
Following the announcement of the results, the company's stock declined by 0.7%, or $0.33, to close the day at $45.19.
The article The Buckle Beats on Q4 EPS originally appeared on Fool.com.Eric Volkman has no position in The Buckle. The Motley Fool recommends and owns shares of The Buckle. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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