US’ Buckle’s Q2 sales rise 8.3%, H1 increases 6.1%
The operating costs showed mixed movements, with selling expenses at $73.9 million (up 4.5 per cent) and general and administrative expenses at $14.8 million (up 9.1 per cent), leading to total operating expenses of $88.7 million, a 5.2 per cent increase.
Meanwhile, the income from operations in Q2 rose 16.7 per cent to $56.3 million, while other income declined 12.4 per cent to $3.3 million. Consequently, income before income taxes advanced 14.7 per cent to $59.6 million and net income grew 14.6 per cent to $45 million.
US’ Buckle, Inc has reported sales of $305.7 million in Q2 FY25, up 8.3 per cent YoY, with gross profit rising 9.4 per cent to $145 million.
The net income grew 14.6 per cent to $45 million, while EPS climbed to $0.90 basic and $0.89 diluted.
For H1 FY25, sales reached $577.9 million, up 6.1 per cent, with net income up 8.2 per cent to $80.2 million.
The basic earnings per share (EPS) rose 13.9 per cent to $0.90, while diluted EPS climbed 14.1 per cent to $0.89, Buckle Inc said in a press release.
For the first half (H1) of FY25, sales reached $577.9 million, up 6.1 per cent YoY, while cost of sales increased 4.9 per cent to $305.9 million. The gross profit in H1 stood at $272 million, reflecting 7.4 per cent growth.
Selling expenses were $141.1 million, up 4.9 per cent, while general and administrative costs rose 10.3 per cent to $31.0 million, pushing total operating expenses to $172.1 million, up 5.9 per cent.
The income from operations improved 10.2 per cent to $99.9 million, though other income declined 15.3 per cent to $6.3 million. Income before income taxes was $106.2 million, an 8.2 per cent increase, and net income grew 8.2 per cent to $80.2 million. Basic EPS increased 7.4 per cent to $1.60, while diluted EPS advanced 7.4 per cent to $1.59.
Fibre2Fashion News Desk (SG)
