KEARNEY, Neb. - Teen apparel retailer The Buckle Inc. on Thursday said fiscal first-quarter profit rose 54 percent, on a surge in same-store sales.
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Earnings for the quarter ended May 3 rose to $18.7 million, or 61 cents per share, compared with $12.2 million, or 40 cents per share last year.
Revenue rose 32 percent to $160.3 million from $121.1 million last year.
Same-store sales, or sales in stores open at least one year grew 25.6 percent. Same-store sales is considered a key metric of a retailer's performance because it measures growth from existing stores rather than newly opened ones.
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