The Buckle Beats on Q4 EPS

The Buckle (NYSE: BKE  )  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.


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