The Buckle, Inc. reported net sales for the 13-week fiscal quarter ended August 3 decreased 3.4 percent to $282.4 million from net sales of $292.4 million in the corresponding Q2 period ended July 29, 2023.
- Comparable store net sales for the second quarter decreased 6.6 percent year-over-year.
- Online sales decreased 15.2 percent to $37.0 million in Q2, compared to net sales of $43.6 million for the 2023 Q2 period.
Net income for the second quarter of fiscal 2024 was $39.3 million, or 78 cents per diluted share, compared with net income of $45.6 million, or 92 cents per diluted share for the second quarter of fiscal 2023.
First Half Sales
Net sales for the 26-week fiscal period ended August 3, 2024 decreased 5.3 percent to $544.9 million from net sales of $575.3 million for the prior year 26-week fiscal period ended July 29, 2023.
Comparable store net sales for first half (H1) decreased 7.7 percent from comparable store net sales for the prior year H1 period.
Online sales decreased 14.2 percent to $81.4 million for the first half, compared to net sales of $94.9 million for the 2023 H1 period.
Net income for the 26-week fiscal period ended August 3, 2024 was $74.1 million, or $1.48 per diluted share, compared with net income of $88.6 million, or $1.78 per diluted share for the 26-week period ended July 29, 2023.
Due to the 53rd week in fiscal 2023, comparable store net sales for the quarter and year-to-date periods are compared to the 13-week and 26-week periods ended August 5, 2023.
Image courtesy Buckle
