The Buckle, Inc. (NYSE: BKE) announced today that comparable store net sales, for stores open at least one year, for the 4-week period ended August 3, 2024 decreased 6.8 percent from comparable store net sales for the 4-week period ended August 5, 2023. Net sales for the 4-week fiscal month ended August 3, 2024 increased 3.8 percent to $98.7 million from net sales of $95.1 million for the prior year 4-week fiscal month ended July 29, 2023.
Comparable store net sales for the 13-week second quarter ended August 3, 2024 decreased 6.6 percent from comparable store net sales for the 13-week period ended August 5, 2023. Net sales for the 13-week fiscal second quarter ended August 3, 2024 decreased 3.4 percent to $282.4 million compared to net sales of $292.4 million for the prior year 13-week fiscal second quarter ended July 29, 2023.
Comparable store net sales year-to-date for the 26-week period ended August 3, 2024 decreased 7.7 percent from comparable store net sales for the 26-week period ended August 5, 2023. Net sales for the 26-week fiscal period ended August 3, 2024 decreased 5.3 percent to $544.9 million compared to net sales of $575.3 million for the prior year 26-week fiscal period ended July 29, 2023.
Due to the 53rd week in fiscal 2023, comparable store net sales for the month, quarter, and year-to-date periods are compared to the 4-week, 13-week, and 26-week periods ended August 5, 2023.
The Company will announce second quarter earnings on Friday, August 23, 2024. Management will hold a live audio webcast at 10:00 a.m. EDT on August 23, 2024 to discuss results for the quarter. To register for the live event, visit https://buckle.zoom.us/webinar/register/WN_wgdrgn2oR764cUMOxJG06g. A replay of the event can be accessed through Buckle’s investor relations website within twenty-four hours after the conclusion of the live event (https://corporate.buckle.com/investors/earnings-webcasts).
About Buckle
Buckle is a specialty retailer focused on delivering exceptional service and style through unforgettable experiences. Offering a curated mix of high-quality, on-trend apparel, accessories, and footwear, Buckle is for those living the styled life. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company’s exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 440 retail stores in 42 states, which includes the opening of one new store during fiscal July located in Surprise, Arizona. The Company operated 442 stores in 42 states as of August 8, 2023. To listen to the Company’s recorded monthly sales commentary, please call (308) 238-2500.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: All forward-looking statements made by the Company involve material risks and uncertainties and are subject to change based on factors which may be beyond the Company's control. Accordingly, the Company’s future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, but are not limited to, those described in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.
News releases and other information on The Buckle, Inc. can be accessed at www.buckle.com.
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Contacts
Thomas B. Heacock, Chief Financial Officer
The Buckle, Inc.
(308) 236-8491
