Intelligent growth is good growth. I bought more BKE at 46, 45, 44, 43 and 41, adding to positions purchased in past two years. Now own 420 shares at average price of 36.67. My goal is to get back to 500 shares.
KEARNEY, Neb. -- The Buckle Inc.'s fiscal first-quarter net income rose 13 percent as shoppers spent more in stores and online.
The seller of jeans and other clothing earned $37.8 million, or 79 cents per share, for the three months ended April 28. A year earlier the Kearney, Neb., company earned $33.5 million, or 71 cents per share.
Analysts surveyed by FactSet expected profit of 76 cents per share, on average.
Revenue increased 10 percent to $263.8 million, matching Wall Street's forecast, from $240.1 million. Online sales rose 15 percent to $19.7 million, while revenue at stores open at least a year grew 7.4 percent. That's a key indicator of a retailer's health because it excludes results from stores recently opened or closed.
Buckle currently runs 433 stores in 43 states, up from 422 stores a year ago.