KEARNEY, Neb.—Clothing retailer The Buckle Inc. said Thursday its same-store sales surged 34 percent in April, well above analysts' expectations.
Analysts polled by Thomson Financial predicted a same-store sales increase of 15 percent.
Same-store sales, or sales at stores open at least a year, is a key indicator of retailer performance since it measures growth at existing stores rather than newly opened ones.
For the period ended May 3, total sales gained 38.3 percent to $47 million from $34 million in the prior year.
Year-to-date same-store sales rose 25.6 percent, while total sales climbed 32.4 percent to $160.3 million.
Buckle will report first-quarter financial results on May 22. The company currently runs 374 retail stores in 39 states.
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