The Buckle Inc. announced that total net sales for the 5-week fiscal month ended April 4, 2020, decreased 50.2 percent. As previously announced, Buckle closed all brick & mortar stores due to the COVID-19 pandemic for an indefinite period beginning March 18, 2020.
Sales in March reached $41.0 million, down from net sales of $82.3 million for the prior year 5-week fiscal month ended April 6, 2019.
Net sales for the 9-week fiscal period ended April 4, 2020, decreased 26.6 percent to $104.0 million from net sales of $141.7 million for the prior year 9-week fiscal period ended April 6, 2019.
The company’s online store remains open. As a result of the store closures, the company plans to only report total net sales each month and does not plan to separately report comparable-store sales during this time. Further, the company will not provide additional commentary through its recorded monthly sales narrative during this time. The company will continue to evaluate the appropriate time to resume its regular monthly sales reporting as normal business operations resume.
Headquartered in Kearney, NE, Buckle currently operates 446 retail stores in 42 states compared to 450 stores in 42 states as of April 9, 2019.
Photo courtesy The Buckle