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What Happened When Alex Kenjeev Paid His Student Loan in CashShares of trendy retailer The Buckle, Inc. (NYSE: BKE) are climbing today, boosted by a better-than-expected fourth-quarter earnings report. Net income rose 18% to $34.3 million, or 74 cents per share, while gross margin swelled to 46.1%. Ahead of the report, analysts were expecting a quarterly profit of 73 cents per share.
The Buckle reported that net sales for the quarter increased by 22% to $251.4 million, thanks to a 14.3% spike in same-store sales. Sales at stores open for at least one year escalated 21% in February, marking the 19th consecutive month of double-digit same-store sales growth.
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