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Same-store sales help The Buckle 1Q results



By AP
22 May 2008 @ 08:22 am EST

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.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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