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) 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.
The Buckle, Inc. (NYSE: BKE) reported a 4.6% increase in comparable store net sales for the 4-week period ending August 27, 2022, compared to the prior year. Total net sales for this period rose to $118.0 million, a 5.8% increase from $111.6 million in August 2021. Year-to-date comparable store net sales for the 30-week period also increased by 2.9%, totaling $729.1 million, up 3.3% from $705.9 million in 2021.
The Buckle, Inc. (NYSE: BKE) reported net income of $50.1 million for the fiscal quarter ending July 30, 2022, equating to $1.02 per share. This marks a 2.3% increase in net sales to $302 million compared to $295.1 million the previous year. Comparable store net sales rose by 1.6%, while online sales grew by 6.5%, reaching $46.2 million. For the 26-week period, net sales increased by 2.8% to $611 million. However, net income for the second quarter declined from $51.4 million last year, reflecting broader market challenges.
The Buckle, Inc. (NYSE: BKE) reported an increase in comparable store net sales for the 4-week period ending July 30, 2022, rising 1.8% to $97.7 million, compared to $93.7 million in the same period last year. For the second quarter, net sales reached $302.0 million, up 2.3% from $295.1 million year-over-year. Year-to-date sales also grew by 2.8% to $611.0 million. The company will announce its second-quarter earnings on August 19, 2022, with a conference call at 10:00 a.m. EDT.
The Buckle, Inc. (NYSE: BKE) reported a 1.7% decline in comparable store net sales for the five-week period ending July 2, 2022, compared to the same period last year. Total net sales fell 1.5% to $110 million. However, for the year-to-date 22-week period, comparable store net sales increased by 2.8%, with total sales rising 2.6% to $513.4 million. Buckle operates 441 stores across 42 states and recently opened a new location in Colorado Springs, Colorado.