The Buckle, Inc. Reports November 2023 Net Sales

Rhea-AI Summary

The Buckle, Inc. (NYSE: BKE) reported a decrease in comparable store net sales for the 4-week and 43-week periods ended November 25, 2023, with a 10.8% and 7.7% decline respectively. Net sales for the 4-week period decreased by 10.1% to $106.0 million, and for the 43-week period decreased by 7.2% to $984.8 million.

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• None.

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• Comparable store net sales decreased by 10.8% for the 4-week period and 7.7% for the 43-week period
• Net sales decreased by 10.1% to $106.0 million for the 4-week period and by 7.2% to $984.8 million for the 43-week period

KEARNEY, Neb.--(BUSINESS WIRE)-- 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 November 25, 2023 decreased 10.8 percent from comparable store net sales for the 4-week period ended November 26, 2022. Net sales for the 4-week fiscal month ended November 25, 2023 decreased 10.1 percent to $106.0 million from net sales of $117.9 million for the prior year 4-week fiscal month ended November 26, 2022.

Comparable store net sales year-to-date for the 43-week period ended November 25, 2023 decreased 7.7 percent from comparable store net sales for the 43-week period ended November 26, 2022. Net sales for the 43-week fiscal period ended November 25, 2023 decreased 7.2 percent to $984.8 million compared to net sales of $1.061 billion for the prior year 43-week fiscal period ended November 26, 2022.

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 445 retail stores in 42 states. The Company operated 441 stores in 42 states as of November 30, 2022. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231130779880/en/

Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

(308) 236-8491

Source: The Buckle, Inc.

FAQ

What is the latest news about The Buckle, Inc. (NYSE: BKE) sales?

The Buckle, Inc. (NYSE: BKE) reported a decrease in comparable store net sales for the 4-week and 43-week periods ended November 25, 2023, with a 10.8% and 7.7% decline respectively. Net sales for the 4-week period decreased by 10.1% to $106.0 million, and for the 43-week period decreased by 7.2% to $984.8 million.

How much did the net sales decrease for The Buckle, Inc. (NYSE: BKE)?

Net sales for the 4-week period ended November 25, 2023 decreased by 10.1% to $106.0 million, and for the 43-week period decreased by 7.2% to $984.8 million.

What is the percentage change in comparable store net sales for The Buckle, Inc. (NYSE: BKE)?

Comparable store net sales decreased by 10.8% for the 4-week period and 7.7% for the 43-week period.

How do the recent sales figures of The Buckle, Inc. (NYSE: BKE) compare to the previous year?

The recent sales figures show a decrease in both comparable store net sales and net sales compared to the previous year.

What are the net sales figures for The Buckle, Inc. (NYSE: BKE) for the 4-week and 43-week periods?

Net sales for the 4-week period decreased by 10.1% to $106.0 million, and for the 43-week period decreased by 7.2% to $984.8 million.