FX.co ★ Buckle, Inc. Q2 Net Income Declines; Comps. Down 6.6%

The Buckle, Inc. (BKE) announced a net income of $39.3 million for the second quarter, equating to $0.78 per share. This marks a decline from the previous year's $45.6 million, or $0.92 per share. Analysts surveyed by Thomson Reuters had projected earnings of $0.79 per share for the quarter, excluding special items.

For the 13-week fiscal quarter ending August 3, 2024, net sales fell by 3.4% to $282.4 million, compared to $292.4 million in the corresponding period the previous year, which ended on July 29, 2023. Comparable store net sales for the same period decreased by 6.6%. Analysts had, on average, estimated revenues to be around $276.74 million.