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Feb 01
Buckle Q4 2024 Earnings Report
Buckle reported a slight revenue decline and a lower net income in Q4 2024.
Key Takeaways
Buckle's Q4 2024 revenue decreased 0.8% YoY to $379.2 million. Net income fell to $77.2 million, compared to $79.6 million in Q4 2023. Earnings per share were $1.54, down from $1.60 a year ago. Comparable store net sales increased by 3.9%, while online sales rose 6.4%.
Revenue declined 0.8% YoY to $379.2 million.
Net income decreased to $77.2 million from $79.6 million in Q4 2023.
Comparable store net sales increased by 3.9%.
Online sales grew 6.4% to $69.7 million.
Buckle
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Buckle Revenue by Segment
Revenue by Segment
Online Sales Revenue
CapyFin.com Forward Guidance
Buckle expects stable revenue performance in 2025 with continued growth in online sales and efforts to optimize store operations.
Positive Outlook
- Strong comparable store sales growth of 3.9%.
- Online sales grew 6.4% YoY, indicating digital strength.
- Gross margin improved slightly to 52.6%.
- Continued expansion of private label offerings.
- Focus on cost efficiency and operational optimization.
Challenges Ahead
- Overall revenue declined 0.8% YoY.
- Net income fell slightly compared to Q4 2023.
- Higher operating expenses impacting profitability.
- Macroeconomic uncertainties could affect discretionary spending.
- Physical store sales continued to decline YoY.