LONDON, UK / ACCESSWIRE / April 23, 2018 / Active-Investors.com has just released a free earnings report on The Buckle, Inc. (NYSE: BKE) ("Buckle"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BKE. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on March 16, 2018. The teen clothing retailer reported better than expected revenue and earnings results. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, The Buckle most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the 14-week fiscal quarter ended February 03, 2018, Buckle's net sales increased 0.4% to $281.2 million from $280.0 million in the 13-week fiscal quarter ended January 28, 2017. The Company's revenue numbers came in ahead of analysts' estimates of $281.0 million.

Buckle's comparable store net sales fell 3.2% on a y-o-y basis in Q4 2017. The Company's online sales increased 4.0% to $33.5 million in Q4 2017 compared to $32.2 million in Q4 2016.

For the 53-week fiscal year ended February 03, 2018, Buckle's net sales dropped 6.3% to $913.4 million from $974.9 million in the 52-week fiscal year ended January 28, 2017. The Company's comparable store net sales fell 7.2% on a y-o-y basis in FY17.

During Q4 2017, Buckle's gross margin was 47.4%, up 250 basis points from 44.9% in Q4 2016, driven by a 225-basis point improvement in merchandise margin and a 35-basis point benefit as the result of the FY16 sunset of the Company's old Primo Card loyalty program, which were partially offset by slightly de-leveraged occupancy, buying, and distribution expenses.

For Q4 2017, Buckle's selling expenses were 22% of net sales, and remained consistent on a y-o-y basis. The Company's general and administrative (G&A) expenses were 3.8% of net sales in the reported quarter compared to 3.1% of net sales in the year earlier same quarter. Buckle's operating margin was 21.6% in Q4 2017 compared to 19.8% in Q4 2016.

Buckle's net income was $42.0 million, or $0.87 per diluted share, in Q4 2017 compared to $36.0 million, or $0.74 per diluted share, in Q4 2016. The Company's earnings beat Wall Street's estimates of $0.75 per share.

For FY17, Buckle's net income was $89.7 million, or $1.85 per diluted share, compared to $98.0 million, or $2.03 per diluted share, in FY16.

Cash Matters

As of February 03, 2018, Buckle had inventory of $118 million, which was down approximately 6% from $125.7 million at the end of FY16. The Company had total cash and investment of $237.4 million at the end of FY17 compared to $264.6 million at the end of FY16.

Buckle ended FY17 with fixed assets, net of accumulated depreciation, of $149.5 million. The Company's capital expenditure was $2.5 million and depreciation expenses were $7.6 million in the reported quarter.

Store Update

Buckle opened 1 new store, closed 5 stores, and completed 1 full remodel in January 2018, bringing its count for the full year FY17 to 2 new stores, 8 remodeled, and 12 store closures. For the full fiscal year 2018, Buckle does not have any new stores planned, but anticipates completing 4 full remodeling projects, which includes 2 for spring and 2 for back-to-school.

Buckle ended FY17 with 457 retail stores in 44 states compared to 467 stores in 44 states at the end of FY16. As of the end of the year, 391 of the Company's 457 stores were in its newest format. Additionally, Buckle's total square footage was 2.367 million square feet as of the end of FY17 compared to 2.392 million square feet at the end of FY16.

Stock Performance Snapshot

April 20, 2018 - At Friday's closing bell, The Buckle's stock was slightly down 0.90%, ending the trading session at $22.10.

Volume traded for the day: 317.34 thousand shares.

Stock performance in the last month ? up 5.49%; previous three-month period ? up 6.51%; past twelve-month period ? up 26.55%; and year-to-date ? up 0.98%

After last Friday's close, The Buckle's market cap was at $1.08 billion.

Price to Earnings (P/E) ratio was at 11.81.

The stock has a dividend yield of 4.52%.

The stock is part of the Services sector, categorized under the Apparel Stores industry.

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