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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 strong financial results for the fiscal quarter and year ended January 28, 2023. Net income rose to $87.8 million ($1.78 per share) for the quarter, up from $83.9 million in the same period last year. For the fiscal year, net income was $254.6 million ($5.17 per share), slightly down from $254.8 million year-over-year. Net sales increased by 5.5% to $401.8 million for the quarter and by 3.9% to $1.345 billion for the year. Comparable store sales also saw growth, rising by 4.6% for the quarter and 3.3% for the year. Online sales also improved, showcasing an increase of 2.3% for the quarter and 4.3% for the year.
The Buckle, Inc. (NYSE: BKE) reported a 6.9% decrease in comparable store net sales for the 4-week fiscal period ending February 25, 2023, compared to the same period last year. Total net sales also fell 6.1% to $82.5 million from $87.9 million. The company is set to announce its fourth quarter and full year fiscal 2022 earnings on March 10, 2023, with a live webcast scheduled for 10:00 a.m. EST. Buckle operates 439 retail stores across 42 states, highlighting its focus on high-quality, on-trend apparel.
The Buckle, Inc. (NYSE: BKE) reported a 6.1% increase in comparable store net sales for the 4-week fiscal month ending January 28, 2023, reaching $69.4 million, compared to $64.9 million the previous year. For the 13-week fiscal quarter, sales grew by 4.6%, totaling $401.8 million, while total net sales for the fiscal year rose by 3.9% to $1.345 billion. The company operates 440 stores across 42 states, with one new store and one closure in January. The Buckle is recognized for its stylish apparel and is a destination for denim.
The Buckle, Inc. (NYSE: BKE) reported a 7.0% increase in comparable store net sales for the 5-week period ending December 31, 2022. Total net sales for this period rose 7.9% to $214.5 million. For the year-to-date 48-week period, comparable store net sales increased 3.2%, with total net sales up 3.7% to $1.276 billion from $1.230 billion the previous year. The company operates 441 stores across 42 states, maintaining a strong market presence in the apparel sector.
The Buckle, Inc. (NYSE: BKE) announced a special cash dividend of $2.65 per share and a quarterly dividend of $0.35 per share. Both dividends are payable on January 27, 2023 to shareholders of record by January 13, 2023, totaling $3.00 per share. Additionally, Shruti S. Joshi was elected to the Board of Directors, enhancing leadership experience in growth strategies. Buckle operates 441 stores across 42 states, focusing on high-quality apparel.
The Buckle, Inc. (NYSE: BKE) reported a 0.3% decrease in comparable store net sales for the 4-week period ending November 26, 2022, compared to the same period last year. However, net sales for this period rose by 0.5% to $117.9 million. Year-to-date, comparable store net sales increased by 2.4% while total net sales reached $1.061 billion, up 2.9% from the prior year. The company operates 441 retail stores across 42 states, maintaining stable store count from the previous year.
The Buckle, Inc. (NYSE: BKE) reported a net income of $61.4 million, or $1.25 per share, for the quarter ending October 29, 2022. This represents a 4.0 percent increase in net sales to $332.3 million compared to the same quarter last year. Comparable store net sales rose 3.0 percent, while online sales grew 8.8 percent to $55.0 million. For the 39-week period, net sales increased 3.3 percent to $943.4 million, although net income for this period decreased to $166.8 million, or $3.39 per share, down from $170.9 million.
The Buckle, Inc. (NYSE: BKE) reported an increase in comparable store net sales for the 4-week period ending October 29, 2022, up 1.4% year-over-year, reaching $98.8 million. For the third quarter, comparable store sales rose 3.0%, leading to net sales of $332.3 million, a 4.0% increase from the previous year. Year-to-date sales for the 39-week period also saw a 2.8% rise, totaling $943.4 million. The third quarter earnings announcement is scheduled for November 18, 2022, at 10:00 a.m. EST.
The Buckle, Inc. (NYSE: BKE) reported a 2.7% increase in comparable store net sales for the 5-week period ended October 1, 2022, compared to the same period in 2021. Overall net sales rose 3.8% to $115.5 million from $111.2 million. Year-to-date comparable store net sales increased 2.9% for the 35-week period, leading to total net sales of $844.6 million, up 3.4% from $817.1 million in the previous year.
The Buckle, Inc. (NYSE: BKE) announced a quarterly dividend of $0.35 per share, approved during the Board of Directors meeting on September 12, 2022. This dividend is set to be paid to shareholders on record as of the close of business on October 14, 2022, with a payment date of October 28, 2022.
Buckle operates 441 retail stores across 42 states, focusing on high-quality apparel and denim for fashion-conscious young consumers.