The Buckle, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 28, 2023
November 17, 2023 at 06:50 am EST
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The Buckle, Inc. reported earnings results for the third quarter and nine months ended October 28, 2023. For the third quarter, the company reported sales was USD 303.46 million compared to USD 332.34 million a year ago. Net income was USD 51.76 million compared to USD 61.39 million a year ago. Basic earnings per share from continuing operations was USD 1.05 compared to USD 1.25 a year ago. Diluted earnings per share from continuing operations was USD 1.04 compared to USD 1.24 a year ago.
For the nine months, sales was USD 878.72 million compared to USD 943.38 million a year ago. Net income was USD 140.34 million compared to USD 166.78 million a year ago. Basic earnings per share from continuing operations was USD 2.83 compared to USD 3.39 a year ago. Diluted earnings per share from continuing operations was USD 2.81 compared to USD 3.37 a year ago.
The Buckle, Inc. is a retailer of casual apparel, footwear, and accessories. The Company operates approximately 440 retail stores in 42 states. The Company markets a wide selection of casual apparel including denim, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. It also provides customer services, such as free hemming, free gift-packaging, easy layaways, the Buckle private label credit card, and a guest loyalty program. The Company offers denims from brands such as Miss Me, Rock Revival, KanCan, Hidden, Flying Monkey, Levi's, Preme, Smoke Rise, Ariat, Good American, and Wrangler. Other key brands include Hurley, Billabong, Affliction, American Fighter, Sullen, Howitzer, Oakley, Fox, RVCA, 7 Diamonds, Nixon, Free People, Z Supply, Salt Life, White Crow, Brew City, Reef, Stance, Versace Cologne, American Highway, Eight X, Pendelton, Hooey, Goorin Bros., Old Row, Timberland, Teva, Kimes Ranch, SOREL, Hey Dude, Steve Madden, Dolce Vita, and SAXX.