The Buckle Inc. shares shot up 6.6% in premarket trade Friday, after the company reported better-than-expected earnings for its fiscal fourth quarter. The retailer said it had net income of $42 million, or 87 cents a share, in the quarter, up from $36 million, or 75 cents a share, in the year-earlier period. Sales rose 0.4% to $281.2 million, while same-store sales fell 3.2%. The FactSet consensus was for EPS of 75 cents, sales of $281 million and for a same-store sales decline of 3.4%. Shares are down 3.7% in the last 12 months through Thursday, while the S&P 500 has gained 15%.
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