US retailer The Buckle reported net income of $254.6 million in FY22

Meanwhile, comparable store net sales rose 3.3 percent. Online sales rose 4.3 percent to $230.4 million, compared to net sales of $220.8 million in FY22, the company said in a press release.

Buckle Inc. reported net income of $254.6 million for fiscal 2022, up from $254.8 million for FY21. Net sales rose 3.9 percent to $1.345 billion, while comparable store net sales rose 3.3 percent. In Q4 FY22, the company’s net sales rose 5.5 percent to $401.8 million over the fourth quarter of the previous year.

In the fourth quarter (Q4) of FY22, Buckle increased net sales by 5.5 percent to $401.8 million compared to the fourth quarter of the previous year. Comparable store net sales also increased 4.6 percent, and online sales rose 2.3 percent to $74.8 million, compared to net sales of $73.1 million in Q4 FY21.

The company’s net income for the fourth quarter of fiscal 2022 was $87.8 million, or $1.78 per share, compared to $83.9 million, or $1.71, in the fourth quarter of fiscal 2022.

Fibre2Fashion News Desk (RR)