The Buckle Inc (NYSE:BKE) shares popped in pre-market trade Friday as the fashion retailer exceeded Wall Street’s estimates for its fiscal second quarter on the strength of its online sales.
The company reported net income of US$15.7mln or US$0.32 per share, up from US$11.5mln or US$0.24 per share in the year-ago period. Its sales, meanwhile, came in at US$201.1mln, up from US$195.7mln.
The results zipped past the market estimate of US$0.28 on sales of US$196.44 mln.
Buckle shares jumped 5% in the pre-market session to US$29.20 in response.
One weak spot was the slippage in The Buckle’s same-store net sales for the 26 week period ended August 4 by 0.9%, compared to the comparable year-ago period.
Its online sales remained buoyant, however, and jumped 8.6 percent to $21.2mln for the 13-week period ended August 4, compared to net sales of $19.5 million in the comparable period last year.
Headquartered in Kearney, Nebraska, Buckle, which specializes in denim jeans as well as a wider range of apparel and footwear, operates 455 stores in 43 states.