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Buckle Inc declares net income up 42% for Q2

11
Aug '05
Casual apparel, footwear and accessories retailer, The Buckle Inc reported net income up 42.0 percent on a 7.5 percent sales increase for the second quarter ended July 30, 2005.

Net income for the second quarter of fiscal 2005 increased 42 percent to $7.6 million, or 39 cents per share (38 cents per share on a diluted basis), compared to net income of $5.3 million, or 25 cents per share (24 cents per share on a diluted basis) for the second quarter of fiscal 2004.

Net sales for the second quarter ended July 30, 2005, increased 7.5 percent to $104.1 million compared to net sales of $96.8 million for the second quarter of fiscal 2004. Comparable store net sales, for stores open at least one year, were up 2.9 percent for the 13 weeks ended July 30, 2005, compared with the 13 weeks ended July 31, 2004.

Net income for the first six months ended July 30, 2005 rose 44 percent to $16.2 million or 81 cents per share (78 cents per share on a diluted basis), compared with $11.2 million or 52 cents per share (50 cents per share on a diluted basis) for the six months ended July 31, 2004.

Net sales for the first six months of fiscal 2005 increased 9.4 percent to $209.7 million compared to net sales of $191.6 million in the first six months of fiscal 2004. Comparable store net sales increased 4.6 percent for the six months ended July 30, 2005 compared with the six months ended July 31, 2004.

Kearney, Nebraska based The Buckle Inc is a retailer of casual apparel, footwear and accessories for young men and women. It currently operates 333 retail stores in 38 states compared to 326 stores in 38 states at this same time a year ago.

To listen to the Company's recorded monthly sales commentary, please call (308) 238-2500.

Buckle Inc


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