Buckle posts flat key revenue figure for March
Buckle posts flat March revenue at stores open at least a year, but beats predictions
KEARNEY, Neb. (AP) -- The Buckle Inc. said Thursday that its revenue at stores open at least a year was flat, but beat Wall Street predictions.
Analysts polled by Thomson Reuters expected the teen retailer to post a decrease of 0.3 percent. Revenue at stores open at least a year is considered a key indicator of a retailer's health, because it strips away the effects of recently opened or closed locations.
Net sales for the five weeks ended April 6 rose 1.1 percent to $106.7 million from $105.5 million a year earlier.
For the first nine weeks of the year, revenue at stores open at least a year fell 0.5 percent. Total sales rose 1.9 percent to $195.9 million from $192.2 million.
Buckle, based in Kearney, Neb., sells clothing and accessories, with a focus on denim. It had 442 stores in 43 states as of April 11.
