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Kearney-based Buckle net income rise in Q4 2007
12
Mar '08
The Buckle Inc announced that net income for the fiscal quarter ended February 2, 2008 increased 31.7 percent on an 18.3 percent net sales increase.

The Company's net income for the fiscal year ended February 2, 2008 increased 35.0 percent on a 16.9 percent net sales increase.

Net income for the fourth quarter of fiscal 2007 was $29.1 million, or $0.98 per share ($0.94 per share on a diluted basis), compared with $22.1 million, or $0.77 per share ($0.73 per share on a diluted basis) for the fourth quarter of fiscal 2006.

Net income for the fiscal year ended February 2, 2008 was $75.2 million or $2.53 per share ($2.44 per share on a diluted basis), compared with $55.7 million or $1.93 per share ($1.86 per share on a diluted basis) for the fiscal year ended February 3, 2007.

Comparable store net sales for the 13-week fourth quarter ended February 2, 2008 increased 18.7 percent from comparable store net sales for the 13-week period ended February 3, 2007.

Net sales for the 13-week fourth quarter ended February 2, 2008 were up 25.2 percent compared to the 13-week period ended February 3, 2007.

Net sales for the 13-week fourth quarter ended February 2, 2008 increased 18.3 percent to $207.0 million compared to net sales of $175.0 million for the prior year 14-week fourth quarter ended February 3, 2007.

Comparable store net sales for the 52-week fiscal year ended February 2, 2008 increased 13.2 percent from comparablestore net sales for the 52-week period ended February 3, 2007. Net sales were up 18.7 percent compared to the 52-week period ended February 3, 2007.


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