Buckle Inc. (BKE:NYSE)

Buckle Inc. reported unaudited earnings results for the third quarter and nine months ended October 31, 2009. For the quarter, the company reported Net sales increased 9.8% to $231.2 million from net sales of $210.6 million for the prior year 13-week fiscal quarter ended November 1, 2008. Comparable store net sales for the 13-week period ended October 31, 2009 increased 4.3% from comparable store net sales for the prior year 13-week period ended November 1, 2008. Online sales increased 41.9% to $12.5 million for the 13-week period ended October 31, 2009, compared to the 13-week period ended November 1, 2008. Net income was $33.3 million or $0.71 per share on a diluted basis compared with $29.1 million, or $0.62 per share on a diluted basis for the third quarter of fiscal 2008. Income from operations was $51,673,000 and income before income taxes was $52,865,000 as compared to income from operations was $45,390,000 and income before income taxes was $45,384,000 for the same period last year. For nine month, the company reported net sales increased 15.4% to $623.8 million from net sales of $540.6 million for the prior year 39-week fiscal period ended November 1, 2008. Comparable store net sales year-to-date for the 39-week period ended October 31, 2009 increased 9.7% from comparable store net sales for the 39-week period ended November 1, 2008. Online sales increased 50.8% to $34.3 million for the 39-week period ended October 31, 2009, compared to the 39-week period ended November 1, 2008. Net income was $85.2 million, or $1.83 per share on a diluted basis compared with $70.1 million, or $1.50 per share on a diluted basis for the 39-week fiscal period ended November 1, 2008. Income from operations was $131,525,000 and income before income taxes was $135,176,000 as compared to income from operations was $106,069,000 and income before income taxes was $110,432,000 for the same period last year.

Buckle Inc. reported sales results for the four weeks, 13-weeks and year-to-date period ended October 31, 2009. The company reported net sales, for stores open at least one year, for the four-week period ended October 31, 2009 increased 4.3% from comparable store net sales for the four-week period ended November 1, 2008. Net sales for the four-week fiscal month ended October 31, 2009 increased 10.5% to $66.6 million from net sales of $60.3 million for the prior year four-week fiscal month ended November 1, 2008. Comparable store net sales for the 13-week third quarter ended October 31, 2009 increased 4.3% from comparable store net sales for the prior year 13-week third quarter ended November 1, 2008. Net sales for the 13-week fiscal period ended October 31, 2009 increased 9.8% to $231.2 million from net sales of $210.6 million for the prior year 13-week fiscal period ended November 1, 2008. Comparable store net sales year-to-date for the 39-week period ended October 31, 2009 increased 9.7% from comparable store net sales for the 39-week period ended November 1, 2008. Net sales for the 39-week fiscal period ended October 31, 2009 increased 15.4% to $623.8 million from net sales of $540.6 million for the prior year 39-week fiscal period ended November 1, 2008.

Buckle Inc., Q3 2010 Earnings Call, Nov-19-2009