The Buckle, Inc. Reports April 2021 Net Sales
The Buckle, Inc. (NYSE: BKE) reported a remarkable surge in sales for the fiscal month ending May 1, 2021, with total net sales rising by 718.0% to $93.6 million from $11.4 million year-over-year. For the 13-week fiscal quarter, net sales increased 159.2% to $299.1 million compared to $115.4 million in the previous year. The company plans to provide regular monthly reporting beginning with its August results, following significant impacts to sales from COVID-related store closures.
- Net sales for the 4-week fiscal month increased 718.0% to $93.6 million from $11.4 million year-over-year.
- Net sales for the 13-week fiscal quarter rose 159.2% to $299.1 million from $115.4 million year-over-year.
- Compared to fiscal 2019, net sales increased 57.0% for the 4-week period and 48.6% for the 13-week period.
- Fiscal 2020 net sales were severely impacted by the COVID-19 pandemic and store closures.
The Buckle, Inc. (NYSE: BKE) announced today that total net sales for the 4-week fiscal month ended May 1, 2021 increased 718.0 percent to
Net sales for the 13-week fiscal quarter ended May 1, 2021 increased 159.2 percent to
Net sales for fiscal 2020 were significantly impacted by the Company’s closure of all brick and mortar stores due to the COVID-19 pandemic beginning March 18, 2020. As a result of the impact of the store closures on prior year reported net sales, the Company will report total net sales each month compared to the past two years and does not plan to separately report comparable store sales for the months most affected by the store closures. The Company plans to resume its regular monthly reporting with its August results.
The Company will announce first quarter earnings the morning of Friday, May 21, 2021. Management will hold a conference call at 10:00 a.m. EDT on May 21, 2021 to discuss results for the quarter. To participate in the call, please call (844) 867-6169 for domestic calls or (409) 207-6975 for international calls and reference the conference code 1433238. A replay of the call will be available for a two-week period beginning May 21, 2021 at 1:00 p.m. EDT by calling (866) 207-1041 for domestic calls or (402) 970-0847 for international calls and entering the conference code 6096737.
About Buckle
Offering a unique mix of high-quality, on-trend apparel, accessories, and footwear, Buckle caters to fashion-conscious young men and women. 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 442 retail stores in 42 states compared to 446 stores in 42 states as of May 6, 2020.
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 about The Buckle, Inc., can be found on the Internet at www.buckle.com
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