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The Buckle has a better-than-expected holiday

3/13/2015

After five consecutive quarters of declining same-store sales, teen retailer the Buckle may be coming out of its slump.


The Nebraska-based company reported net sales of $353.5 million, 4.3% higher than the year-ago quarter. Same store sales grew 1.1%. Net income rose by about 1.3% to $60.1 million, producing earnings of $1.25 per share, ahead of analysts’ estimates.


Overall, retailers that cater to teens have been struggling lately, and the Buckle has been no exception. The Buckle, which mostly markets to young people looking to buy jeans, has been under pressure from the rising trend in “athleisure” apparel. More teens may be looking for yoga pants these days than jeans.


The Buckle operates 462 retail stores in 44 states, including new stores that opened this week at Village Pointe in Omaha and in Mount Pleasant, South Carolina.


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