The Buckle, Inc. announced today that net income for the fiscal quarter ended May 4, 2024 was $34.8 million, or $0.70 per share, or$0.69 per share on a diluted basis.
Net sales for the 13-week fiscal quarter ended May 4, 2024 decreased 7.2 percent to $262.5 million from net sales of $282.8 million for the prior year 13-week fiscal quarter ended April 29, 2023.
Comparable store net sales for the 13-week fiscal quarter ended May 4, 2024 decreased 9.0 percent from comparable store net sales for the prior year 13-week period ended May 6, 2023.
Online sales decreased 13.4 percent to $44.4 million for the 13-week fiscal quarter ended May 4, 2024, compared to net sales of $51.3 million for the 13-week fiscal quarter ended April 29, 2023.
Due to the 53rd week in fiscal 2023, comparable store net sales for the quarter are compared to the 13-week period ended May 6, 2023.
The Buckle is best known as a denim retailer, carrying leading brands in the category, including the company’s own brand, BKE. Headquartered in Kearney, NE. As of the end of the fiscal quarter, it operates 440 stores in 42 states the same when compared to the end of the first quarter of fiscal 2023.
Image courtesy BKE
