Buckle key Nov. revenue metric falls 0.6 pct

Published on NewsOK Modified: December 5, 2013 at 7:32 am •  Published: December 5, 2013

KEARNEY, Neb. (AP) — The Buckle Inc. said Thursday its November revenue at stores open at least a year fell 0.6 percent, slightly more than Wall Street expected.

Analysts polled by Thomson Reuters expected a decrease of 0.5 percent. The metric is a key measure of a retailer's health, because it excludes revenue at stores that recently opened or closed.

For the four-week period ended Nov. 30, the teen retailer said its total sales increased 4.6 percent to $101.2 million from $96.7 million in the year-ago period.

For the 43-week period ended Nov. 30, revenue at stores open at least a year increased 1.1 percent. Total sales rose 3.5 percent to $890.2 million.

Buckle, based in Kearney, Neb., operates 452 retail stores in 43 states, compared with 441 stores in 43 states at this time last year.

Its shares finished at $51.35 on Wednesday. Its shares have risen 14 percent so far this year.

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