The Buckle’s Q4 Profit Falls, but Still Beats Estimates; Revenue Misses as Comps Decline (BKE)

Clothing retailer The Buckle, Inc. (BKE) on Friday posted mixed fourth quarter earnings results, as the company posted declines in profit, revenue, and same-store sales.

Buckle’s Q4 Earnings in Brief

Q4 profit fell to $59.30 million, or $1.23 per share, down from $61.36 million, or $1.28 per share, in the year-ago period. Still, that total beat analysts’ estimates of $1.20 per share. Revenue declined 6% from last year to $339 million, missing Wall Street’s view of $348.69 million. Same-store sales fell 2.8% from the year-ago period, while online edged 0.4% higher.

Dividend Policy

No mention was made of BKE’s dividend in its latest earnings release, but we expect the company to announce its next payout within the next couple of weeks. In all likelihood, BKE will maintain its quarterly payout of 22 cents per share.

Share Performance

Buckle stock has fallen over 13% since the beginning of 2014, lagging the flat performance of the benchmark S&P 500 index. The shares were inactive in premarket trading Friday.