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 February 3, 2024 decreased 17.4 percent from comparable store net sales for the 5-week period ended February 4, 2023. Net sales for the 5-week fiscal month ended February 3, 2024 increased 4.5 percent to $72.6 million from net sales of $69.4 million for the prior year 4-week fiscal month ended January 28, 2023.
January 2024 was a 5-week fiscal period ending Buckle’s 53-week fiscal year. The prior January was a 4-week fiscal period ending a 52-week fiscal year. Comparable store net sales for the month, quarter, and year-to-date periods are compared to the 5-week, 14-week, and 53-week periods ended February 4, 2023.
Comparable store net sales for the 14-week fourth quarter ended February 3, 2024 decreased 9.6 percent from comparable store net sales for the 14-week period ended February 4, 2023. Net sales for the 14-week fiscal fourth quarter ended February 3, 2024 decreased 4.8 percent to $382.4 million compared to net sales of $401.8 million for the prior year 13-week fiscal fourth quarter ended January 28, 2023.
Comparable store net sales year-to-date for the 53-week period ended February 3, 2024 decreased 8.0 percent from comparable store net sales for the 53-week period ended February 4, 2023. Net sales for the 53-week fiscal period ended February 3, 2024 decreased 6.3 percent to $1.261 billion compared to net sales of $1.345 billion for the prior year 52-week fiscal period ended January 28, 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 444 retail stores in 42 states, which includes the closing of three stores in fiscal January. The Company operated 440 stores in 42 states as of February 8, 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.
News releases and other information on The Buckle, Inc. can be accessed at www.buckle.com.
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Contacts
Thomas B. Heacock, Chief Financial Officer
The Buckle, Inc.
(308) 236-8491
