Buckle Inc. shares rose 6.4% in Friday premarket trading after the company reported fourth-quarter profit that beat expectations. The apparel and accessories retailer posted net income of $83.9 million, or $1.69 per share, up from $65.6 million, or $1.33 per share, last year. Sales of $380.9 million were up from $318.8 million. The FactSet consensus was for EPS of $1.48 and sales of $380.9 million. Comparable sales grew 20%, in line with the FactSet consensus. Buckle stock has slumped 12.2% over the past year while the S&P 500 index has gained 8.1%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.