Buckle key sales figure falls 0.1 pct in November
Buckle revenue in established stores drops 0.1 pct in November, below Wall Street prediction
KEARNEY, Neb. (AP) -- The Buckle Inc. said Thursday that its November revenue at stores open at least a year fell 0.1 percent, short of Wall Street predictions.
Analysts polled by Thomson Reuters expected an increase of 2 percent in the metric, considered key for retailers because it excludes results for stores recently opened or closed.
For the four weeks ended Nov. 24, the teen clothing store chain's total revenue rose nearly 2 percent to $96.7 million from $94.9 million. Sales of men's items increased 5 percent, while sales of women's items edged up 0.5 percent. Shoe sales increased 18 percent, but sales of accessories were unchanged.
Revenue at stores open at least a year increased 2.8 percent in the year through November, while total revenue rose 4.8 percent to $860.1 million.
The Kearney, Neb., company runs 441 stores in 43 states.
