The Buckle Inc announced that net income for the fiscal quarter ended May 5, 2007 increased 30.3 percent on a 10.5 percent net sales increase.
Net sales for the 13–week first quarter ended May 5, 2007 increased 10.5 percent to $121.1 million compared to net sales of $109.6 million for the prior year 13–week first quarter ended April 29, 2006.
Comparable store net sales for the first quarter increased 6.4 percent from comparable store net sales for the 13–week period ended May 6, 2006.
Due to the 53rd week in fiscal 2006, comparable store net sales for the quarter are compared to the prior year 13–week period ended May 6, 2006.
Net income for the first quarter of fiscal 2007 was $12.2 million, or $0.41 per share ($0.40 per share on a diluted basis), compared with $9.4 million, or $0.32 per share ($0.31 per share on a diluted basis), for the first quarter of fiscal 2006.
Earnings per share and the weighted average shares outstanding for the prior year first quarter have been adjusted to reflect the impact of the Company's 3–for–2 stock split paid in the form of a stock dividend on January 12, 2007. The prior year first quarter stockholders' equity data was not split adjusted.
marketing@alchempro.com
