Buckle Beats Teen Retailers

KEARNEY, Neb.(TheStreet) -- Online sales gave Buckle(BKE) the boost it needed to once again beat out the competition.

During the quarter, the denim retailer earned $33.3 million, or 71 cents a share, a 15% increased from $29.1 million, or 62 cents, in the year-ago period. Analysts expected the company to earn 70 cents a share.

Revenue rose 10% to $231.2 million from $210.6 million, while same-store sales gained 4.3%. Online sales soared 41.9% to $12.5 million.

Regardless, shares in the company are down $3.6 to $17.01 in early afternoon trading.

While earlier this month Goldman Sachs initiated coverage on the company with a sell rating, saying it has few drivers of earnings growth left, if you stack Buckle up against the competition, it remains the clear winner.

Teen retailers like Hot Topic(HOTT) and Pacific Sunwear of California(PSUN) both issued disappointing fourth-quarter outlooks this week that were significantly below Wall Street's estimates.