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The Buckle, Inc. reports recurring updates on its specialty retail business, including monthly net sales, comparable-store sales, quarterly earnings, and fiscal-year results. The company sells casual apparel, footwear, and accessories through Buckle and The Buckle stores, with a denim-focused assortment that includes leading denim brands and the company's exclusive BKE brand.
Company news also covers online sales trends, store openings and closings across its multistate retail base, cash dividends, and leadership changes in store operations and sales. These updates center on the operating drivers of a mall and lifestyle apparel retailer: traffic, merchandise mix, comparable sales, digital sales, store count, and shareholder distributions.
The Buckle, Inc. (NYSE: BKE) reported a 17.8% increase in total net sales, reaching $111.7 million for the 5-week fiscal month ended July 3, 2021, compared to $94.8 million in the same period last year. Year-to-date sales surged by 91.5% to $500.6 million versus $261.4 million in the prior year. Compared to fiscal 2019, 5-week and 22-week sales rose 49.3% and 48.3%, respectively. The company continues to refrain from reporting comparable store sales for the impacted months during the COVID-19 pandemic but will resume regular reporting with August results.
The Buckle, Inc. (NYSE: BKE) has announced a quarterly dividend of $0.33 per share, which will be distributed to shareholders of record by July 15, 2021, with a payment date on July 29, 2021. This decision reflects the company's ongoing commitment to returning value to its shareholders. Buckle operates 442 retail stores across 42 states and is recognized for its fashionable offerings, particularly in denim. The Board’s decision indicates confidence in the company’s financial health amidst potential market risks.
The Buckle, Inc. (BKE) reported a robust increase in net sales for the 4-week fiscal month ended May 29, 2021, soaring 75.4% to $89.7 million compared to $51.2 million in the same period last year. Year-to-date for the 17-week fiscal period, net sales surged 133.4% to $388.9 million from $166.6 million. The company acknowledged the significant impact of COVID-19 on fiscal 2020 net sales, attributing it to store closures. Additionally, Robert M. Carlberg, Senior VP of Men’s Merchandising, will retire at the end of the fiscal year after 37 years with the company.
The Buckle, Inc. (NYSE: BKE) reported a net income of $57.3 million, or $1.17 per share, for Q1 2021, a significant turnaround from a net loss of $11.8 million in Q1 2020. Net sales surged 159.2% to $299.1 million, compared to $115.4 million in the same period last year. Online sales increased 67.3% to $53.7 million. The company will not report comparable store sales for the periods significantly impacted by COVID-19 store closures, affecting prior year sales data.
The Buckle, Inc. (NYSE: BKE) reported a remarkable surge in sales for the fiscal month ending May 1, 2021, with total net sales rising by 718.0% to $93.6 million from $11.4 million year-over-year. For the 13-week fiscal quarter, net sales increased 159.2% to $299.1 million compared to $115.4 million in the previous year. The company plans to provide regular monthly reporting beginning with its August results, following significant impacts to sales from COVID-related store closures.
Buckle, Inc. (NYSE: BKE) reported a substantial rise in net sales for the 5-week fiscal month ending April 3, 2021, with an increase of 240.2% to $139.4 million compared to $41.0 million in the same period last year. For the 9-week period, net sales jumped 97.7% to $205.5 million from $104.0 million a year prior. The previous year’s sales were heavily impacted by pandemic-related store closures. The company plans to resume regular monthly reporting starting in August.
The Buckle, Inc. (NYSE: BKE) announced a $0.33 per share quarterly dividend at its Board meeting on March 22, 2021, marking a 10% increase from the previous amount. This dividend will be paid to shareholders of record by April 15, 2021, with a payment date set for April 29, 2021. Additionally, Brady M. Fritz has been appointed as Vice President, General Counsel, and Corporate Secretary, effective immediately upon Board approval. Buckle operates 442 retail stores across 42 states, specializing in high-quality apparel and denim.
The Buckle, Inc. (NYSE: BKE) reported a robust fiscal performance for the quarter and year ending January 30, 2021. Net income for Q4 surged to $65.6 million, translating to $1.34 per share, compared to $47.0 million in Q4 FY2019. Total net sales for the quarter rose by 17.7% to $318.8 million, while comparable store net sales climbed 18.0%.
For the full fiscal year, net income reached $130.1 million, or $2.67 per share, slightly up from $104.4 million last year. Online sales exhibited significant growth, with a 72.0% increase, signaling a strong digital performance.
The Buckle, Inc. (BKE) reported a 5.3% increase in comparable store net sales for the 4-week period ending February 27, 2021, compared to the same period last year. Total net sales rose 5.0% to $66.1 million, up from $63.0 million for February 2020. The company is set to announce its fourth quarter and full year fiscal 2020 earnings on March 12, 2021, followed by a conference call at 10:00 a.m. EST. Buckle operates 442 retail stores across 42 states, slightly down from 446 stores a year earlier.
The Buckle, Inc. (NYSE: BKE) reported a significant increase in comparable store net sales for the 4-week and 13-week periods ended January 30, 2021. Comparable store sales rose by 35.3% for the 4-week period and 18.0% for the 13-week fourth quarter compared to the previous year. Overall net sales also surged, reaching $63.1 million for the 4-week period and $318.8 million for the fourth quarter, marking increases of 33.6% and 17.7%, respectively. Year-to-date sales increased modestly by 0.4% for the 52-week period.