<<ALERT>>TAGS, BKE moving up on NO gap up.RCMT moving after beating. AEOS.. pierces through resistance of 70. should be smooth sailing. Notice folks the difference of holding for a gap up versus chasing the hi flyers this morning. If the SHOO fits and in this case it does.. Has been in a nice uptrend since it was on our calendar. Remeber ROSI? in at 12 now its 14 1/4. Don't neglect our less popular earnings plays like ROSI and the stocks reporting thursday the 4th: #4, #7 from the Earnings Calendar and also number 3..
The Buckle, Inc. Reports Fourth Quarter Net Profit up 28.7 Percent on a 22.2 Percent Sales Increase
KEARNEY, Neb., March 2 /PRNewswire/ -- The Buckle, Inc. (NYSE: BKE - news) reported net income up 28.7 percent on a 22.2 percent sales increase for the fourth quarter ended Jan. 30, 1999.
Net income for the fourth quarter of fiscal 1998 was $12.4 million or 56 cents per share (or 53 cents per share on a diluted basis reflecting the impact of unexercised stock options), compared with $9.6 million, or 45 cents per share (diluted 43 cents) for the fourth quarter of 1997.
The earnings per share and the average weighted shares outstanding for the prior year fourth quarter and the year-to-date amounts have been restated to reflect the impact of the Company's 3-for-2 stock split made in the form of a stock dividend issued on June 8, 1998.
Net sales for the fourth quarter ended Jan. 30, 1999, increased 22.2 percent to $103.6 million from $84.8 million for the fourth quarter of fiscal 1997. Comparable store sales, for stores open at least one year, increased 11.0 percent for the thirteen weeks ended Jan. 30, 1999, compared with the thirteen weeks ended Jan. 31, 1998.
Net sales for fiscal 1998 increased 26.1 percent to $337.9 million from $267.9 million for fiscal 1997. Comparable store sales increased 15.4 percent.
For the fiscal year ended Jan. 30, 1999, net income rose 45.9 percent to $34.0 million, or $1.55 per share (diluted $1.47), compared with $23.3 million, or $1.10 per share (diluted $1.05) for the fiscal year 1997. At Jan. 30, 1999, the Company operated 222 stores versus 199 stores at the end of the 1997 period.
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