The Buckle misses with Q1 profit

Kearney, Neb. – The Buckle Inc. fell short of Wall Street expectations for profit in a generally disappointing first quarter of fiscal 2015.



Net income fell 10% to $33.6 million from $37.3 million, with higher cost of sales and selling, general and administrative (SG&A) expenses cutting into profitability.



Net sales slightly declined to $271.34 million from $271.67 million.



Same-store sales dropped 2.2%. In one bright spot, online sales increased 12.9%.