KEARNEY, Neb. – The Buckle, Inc. (NYSE:BKE), a retailer specializing in denim and casual apparel, reported a decrease in comparable store net sales of 11.5% for the 4-week period ending March 2, 2024, compared to the same period in the previous year. The company's net sales for the fiscal month fell to $78.2 million, a 5.2% drop from $82.5 million in the prior year.
The sales comparison is affected by an extra week in the previous fiscal year, with February 2024's four-week sales measured against the period ending March 4, 2023. This adjustment is due to the 53rd week included in fiscal 2023.
Buckle is scheduled to release its fourth quarter and full fiscal year 2023 earnings on March 15, 2024. A live audio webcast, hosted by company management at 10:00 a.m. EDT on the same day, will discuss the quarterly results. Interested parties can register for the event online, with a replay available on the investor relations section of Buckle's website shortly after the live discussion.
Headquartered in Kearney, Nebraska, Buckle operates 442 retail stores across 42 states, reflecting a net increase of three stores since March 7, 2023. The company is recognized for its personalized customer service and an array of denim brands, including its exclusive label, BKE.
Buckle's performance and financial results are subject to varying market conditions and other factors, as noted in their Safe Harbor statement. Future results may differ significantly from current projections, as outlined in their filings with the Securities and Exchange Commission.
This report is based on a press release statement from The Buckle, Inc.
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