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Higher online sales boost Buckle's 3Q profit

The Buckle Inc., a clothing retailer, said Thursday its third-quarter profit rose 15 percent on higher online sales and sales at stores open more than a year.

The Buckle Inc., a clothing retailer, said Thursday its third-quarter profit rose 15 percent on higher online sales and sales at stores open more than a year.

For the quarter ended Oct. 31, The Buckle earned $33.3 million, or 71 cents per share, compared with $29.1 million, or 62 cents per share, for the same quarter last year.

Revenue rose 10 percent to $231.2 million from $210.6 million a year ago.

Analysts polled by Thomson Reuters expected a profit of 70 cents per share on $231.1 million in revenue.

Sales at stores open at least a year rose 4.3 percent, while online sales, which are not included in same-store sales, jumped 41.9 percent to $12.5 million.