The Buckle, Inc. Reports July 2024 Net Sales
The Buckle, Inc. (NYSE: BKE) reported its July 2024 net sales results. Comparable store net sales for the 4-week period ended August 3, 2024, decreased by 6.8% compared to the same period in 2023. However, overall net sales for the same period increased by 3.8% to $98.7 million.
For the 13-week second quarter ended August 3, 2024, comparable store net sales decreased by 6.6%, while net sales decreased by 3.4% to $282.4 million. Year-to-date for the 26-week period, comparable store net sales decreased by 7.7%, and net sales decreased by 5.3% to $544.9 million.
The company will announce second quarter earnings on August 23, 2024, with a live audio webcast at 10:00 a.m. EDT to discuss results.
The Buckle, Inc. (NYSE: BKE) ha riportato i risultati delle vendite nette di luglio 2024. Le vendite nette nei negozi comparabili per il periodo di 4 settimane terminato il 3 agosto 2024 sono diminuite del 6,8% rispetto allo stesso periodo del 2023. Tuttavia, le vendite nette complessive per lo stesso periodo sono aumentate del 3,8%, raggiungendo i 98,7 milioni di dollari.
Per il secondo trimestre di 13 settimane terminato il 3 agosto 2024, le vendite nette nei negozi comparabili sono diminuite del 6,6%, mentre le vendite nette sono diminuite del 3,4%, portandosi a 282,4 milioni di dollari. Da inizio anno, per il periodo di 26 settimane, le vendite nette nei negozi comparabili sono diminuite del 7,7% e le vendite nette sono diminuite del 5,3%, arrivando a 544,9 milioni di dollari.
La società annuncerà i guadagni del secondo trimestre il 23 agosto 2024, con una diretta audio su webcast alle 10:00 EDT per discutere i risultati.
The Buckle, Inc. (NYSE: BKE) informó sobre los resultados de ventas netas de julio de 2024. Las ventas netas en tiendas comparables para el período de 4 semanas que terminó el 3 de agosto de 2024 disminuyeron un 6.8% en comparación con el mismo período de 2023. Sin embargo, las ventas netas totales para el mismo período aumentaron un 3.8%, alcanzando los 98.7 millones de dólares.
Para el segundo trimestre de 13 semanas que terminó el 3 de agosto de 2024, las ventas netas en tiendas comparables disminuyeron un 6.6%, mientras que las ventas netas disminuyeron un 3.4%, totalizando 282.4 millones de dólares. En lo que va del año, para el período de 26 semanas, las ventas netas en tiendas comparables disminuyeron un 7.7%, y las ventas netas disminuyeron un 5.3%, llegando a 544.9 millones de dólares.
La compañía anunciará las ganancias del segundo trimestre el 23 de agosto de 2024, con un webcast de audio en vivo a las 10:00 a.m. EDT para discutir los resultados.
The Buckle, Inc. (NYSE: BKE)는 2024년 7월 판매 실적을 보고했습니다. 비교 가능한 매장 순 매출은 2024년 8월 3일 종료된 4주 기간 동안 2023년 같은 기간 대비 6.8% 감소했습니다. 그러나 전체 순 매출은 같은 기간 동안 3.8% 증가하여 9,870만 달러를 기록했습니다.
2024년 8월 3일 종료된 13주 두 번째 분기 동안 비교 가능한 매장의 순 매출은 6.6% 줄었고, 순 매출도 3.4% 감소하여 2억 8,240만 달러에 달했습니다. 올해 들어 26주 동안 비교 가능한 매장 순 매출은 7.7% 감소했고, 순 매출은 5.3% 줄어 5억 4,490만 달러가 되었습니다.
회사는 2024년 8월 23일에 두 번째 분기 수익을 발표할 예정이며, 그 결과에 대해 논의하기 위해 오전 10:00 EDT에 라이브 오디오 웹캐스트를 진행할 것입니다.
The Buckle, Inc. (NYSE: BKE) a annoncé les résultats de ses ventes nettes de juillet 2024. Les ventes nettes des magasins comparables pour la période de 4 semaines se terminant le 3 août 2024 ont diminué de 6,8% par rapport à la même période en 2023. Cependant, les ventes nettes globales pour la même période ont augmenté de 3,8% pour atteindre 98,7 millions de dollars.
Pour le deuxième trimestre de 13 semaines se terminant le 3 août 2024, les ventes nettes des magasins comparables ont diminué de 6,6%, tandis que les ventes nettes ont diminué de 3,4% pour atteindre 282,4 millions de dollars. Depuis le début de l'année, pour la période de 26 semaines, les ventes nettes des magasins comparables ont diminué de 7,7%, et les ventes nettes ont diminué de 5,3% pour atteindre 544,9 millions de dollars.
La société annoncera ses bénéfices du deuxième trimestre le 23 août 2024, avec un webcast audio en direct à 10h00 EDT pour discuter des résultats.
The Buckle, Inc. (NYSE: BKE) hat die Nettoumsatzergebnisse für Juli 2024 bekannt gegeben. Die Nettoumsätze vergleichbarer Geschäfte für den 4-wöchigen Zeitraum, der am 3. August 2024 endete, gingen im Vergleich zum gleichen Zeitraum 2023 um 6,8% zurück. Die gesamt Nettoumsätze stiegen jedoch im gleichen Zeitraum um 3,8% auf 98,7 Millionen Dollar.
Für das 13-wöchige zweite Quartal, das am 3. August 2024 endete, sanken die Nettoumsätze vergleichbarer Geschäfte um 6,6%, während die Nettoumsätze um 3,4% auf 282,4 Millionen Dollar fielen. Jahr bis dato für den Zeitraum von 26 Wochen sanken die Nettoumsätze vergleichbarer Geschäfte um 7,7%, und die Gesamtumsätze fielen um 5,3% auf 544,9 Millionen Dollar.
Das Unternehmen wird die Ergebnisse des zweiten Quartals am 23. August 2024 bekannt geben, mit einem Live-Audio-Webcast um 10:00 Uhr EDT, um die Ergebnisse zu besprechen.
- Overall net sales for the 4-week period increased by 3.8% to $98.7 million
- Comparable store net sales decreased by 6.8% for the 4-week period
- 13-week second quarter net sales decreased by 3.4% to $282.4 million
- Year-to-date net sales for 26-week period decreased by 5.3% to $544.9 million
- Comparable store net sales for the 13-week second quarter decreased by 6.6%
- Year-to-date comparable store net sales for 26-week period decreased by 7.7%
Insights
The Buckle's July 2024 sales report reveals a mixed financial picture. While monthly net sales increased by
The Buckle's performance reflects broader retail industry headwinds. The significant drop in comparable store sales across all reported periods (monthly, quarterly and year-to-date) suggests changing consumer behaviors or increased competition. The disparity between net sales growth and comparable store declines in July indicates potential cannibalization from new store openings. Investors should note the accelerating decline in year-to-date comparable sales (
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
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
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
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240808310377/en/
Thomas B. Heacock, Chief Financial Officer
The Buckle, Inc.
(308) 236-8491
Source: The Buckle, Inc.
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