) -- Online sales gave
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
( HOTT) and
Pacific Sunwear of California
both issued disappointing fourth-quarter outlooks this week that were significantly below Wall Street's estimates.
PacSun widened its loss in its third-quarter and said fourth-quarter same-store sales have already fallen as much as 20%.
Abercrombie & Fitch
also reported a 39% plunge in its third-quarter, as same-store sales tumbled 22%.
At the close,
( WTSLA) will report their quarterly results.
-- Reported by Jeanine Poggi in New York
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