The Buckle Inc. announced that total net sales for the 4-week fiscal month ended May 30 decreased 16.8 percent to $51.2 million from net sales of $61.5 million a year ago. Net sales for the 17-week fiscal period decreased 36.6 percent to $166.6 million from net sales of $262.8 million a year ago.
As previously announced, Buckle closed all brick & mortar stores due to COVID-19 for an indefinite period beginning March 18, 2020. The company began the process of reopening certain stores the week of April 26, 2020, following state and local reopening guidelines. As of May 30, 2020, 367 stores had reopened, with approximately 30 additional stores reopening the week of May 31, 2020. The company’s online store has remained open without interruption.
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.
Logo courtesy The Buckle