The Buckle, Inc. (NYSE: BKE) announced today that comparable store net sales, for stores open at least one year, for the 5-week period ended July 6, 2024 decreased 5.7 percent from comparable store net sales for the 5-week period ended July 8, 2023. Net sales for the 5-week fiscal month ended July 6, 2024 decreased 5.8 percent to $101.7 million from net sales of $108.0 million for the prior year 5-week fiscal month ended July 1, 2023.
Comparable store net sales year-to-date for the 22-week period ended July 6, 2024 decreased 8.0 percent from comparable store net sales for the 22-week period ended July 8, 2023. Net sales for the 22-week fiscal period ended July 6, 2024 decreased 7.1 percent to $446.2 million compared to net sales of $480.2 million for the prior year 22-week fiscal period ended July 1, 2023.
Due to the 53rd week in fiscal 2023, comparable store net sales for the month and year-to-date periods are compared to the 5-week and 22-week periods ended July 8, 2023.
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 439 retail stores in 42 states, which includes the opening of one new store during fiscal June located in San Marcos, Texas, as well as the closing of two stores earlier this week (after the fiscal month ended). The Company operated 440 stores in 42 states as of July 11, 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.
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Contacts
Thomas B. Heacock, Chief Financial Officer
The Buckle, Inc.
(308) 236-8491
