The Chicago Entrepreneur

Buckle shares jump after profit beats expectations

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.

Previous post Stocks open higher as investors look for signs of progress in Russia-Ukraine talks
Next post Applied Materials stock surges after setting new $6 billion repurchase program, increasing dividend