The Buckle, Inc. reported January comparable store net sales decreased 17.4 percent year-over-year for stores open at least one year. The comparison is for the 5-week period ended February 3, 2024 against 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’s 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, decreasing 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’s 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’s 52-week fiscal period ended January 28, 2023.
Image courtesy Buckle
