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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 its second quarter fiscal 2024 results, showing a decrease in net income and sales. Net income for the quarter ended August 3, 2024, was $39.3 million, or $0.79 per share, down from $45.6 million, or $0.92 per share, in the same period last year. Net sales decreased 3.4% to $282.4 million, with comparable store sales declining 6.6%. Online sales saw a significant drop of 15.2% to $37.0 million. For the 26-week period, net sales decreased 5.3% to $544.9 million, with comparable store sales down 7.7% and online sales decreasing 14.2%. The company will hold a live audio webcast to discuss the results.
The Buckle, Inc. (NYSE: BKE) reported its July 2024 net sales results. Comparable store net sales for the 4-week period ended August 3, 2024, decreased by 6.8% compared to the same period in 2023. However, overall net sales for the same period increased by 3.8% to $98.7 million.
For the 13-week second quarter ended August 3, 2024, comparable store net sales decreased by 6.6%, while net sales decreased by 3.4% to $282.4 million. Year-to-date for the 26-week period, comparable store net sales decreased by 7.7%, and net sales decreased by 5.3% to $544.9 million.
The company will announce second quarter earnings on August 23, 2024, with a live audio webcast at 10:00 a.m. EDT to discuss results.
The Buckle, Inc. (NYSE: BKE) has reported a decrease in its comparable store net sales for the 5-week period ending July 6, 2024. Sales for stores open at least one year dropped by 5.7% compared to the same period last year.
Overall net sales for the 5-week fiscal month decreased by 5.8% to $101.7 million, down from $108.0 million the previous year. Year-to-date comparable store net sales for the 22-week period decreased by 8.0%, and net sales for the same period declined by 7.1% to $446.2 million, compared to $480.2 million last year.
These declines are noted despite the 53rd week in fiscal 2023, which affects the year-to-year comparison periods.
The Buckle reported a significant decline in net sales for May 2024. Comparable store net sales for the 4-week period ending June 1, 2024, fell by 7.6% compared to the same period in 2023. Overall net sales decreased by 8.2%, reaching $82.0 million, down from $89.3 million in the prior year's 4-week period. Year-to-date, the 17-week period ending June 1, 2024, saw an 8.6% drop in comparable store net sales and a 7.4% decline in total net sales, amounting to $344.5 million, compared to $372.1 million for the same period in 2023. The 53rd week in fiscal 2023 impacted these comparisons.
The Buckle (NYSE: BKE) announced a quarterly dividend of $0.35 per share at the Board of Directors meeting on June 3, 2024.
Shareholders of record as of July 12, 2024, will receive the dividend on July 26, 2024.
The Buckle (NYSE: BKE) reported its Q1 fiscal 2024 results, showing a net income of $34.8 million, or $0.70 per share ($0.69 diluted). This is a decrease from $42.9 million, or $0.87 per share ($0.86 diluted), in Q1 fiscal 2023. Net sales for the quarter fell 7.2% to $262.5 million, down from $282.8 million in the same period last year. Comparable store net sales decreased by 9%, and online sales dropped 13.4% to $44.4 million. The company will host a live audio webcast to discuss the results at 10:00 a.m. EDT. A replay will be available on Buckle's investor relations website.
The Buckle, Inc. (NYSE: BKE) reported a decrease in net sales for April 2024 compared to the same period in 2023. Comparable store net sales decreased by 6.0% for the 4-week period and 9.0% for the 13-week first quarter. Net sales for the month decreased by 8.1% to $79.9 million, and for the quarter decreased by 7.2% to $262.5 million. The company will announce first quarter earnings on May 24, 2024.
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