Buckle August revenue metric tops Street's view

Buckle's revenue at stores open at least a year up 1 percent in August, tops Street estimates

Associated Press

KEARNEY, Neb. (AP) -- The Buckle Inc. said Thursday that its August revenue at stores open at least a year rose 1 percent, more than double the pace that Wall Street had expected.

Analysts surveyed by Thomson Reuters predicted a 0.4 percent rise.

Revenue at stores open at least a year is a key indicator of a retailer's health because they excludes results from stores recently opened or closed.

Buckle, a teen clothing company, said that revenue for the four weeks ended Aug. 31 edged up 0.3 percent to $101.1 million.

For the year to date, revenue at stores open at least a year rose 2 percent. Total revenue increased 4 percent to $603.3 million.

Buckle, which is based in Kearney, Neb., currently runs 451 stores in 43 states. Last month the company said that its second-quarter net income climbed 8 percent as sales improved at its stores and online.

Its shares finished at $52.33 per share on Wednesday. They are closer to the high end of their range of $41.50 to $57.68 over the past year.

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