Buckle June Comparable Store Net Sales Decrease 2.4%, Net Sales Decrease 1.8% To $108M
Portfolio Pulse from Benzinga Newsdesk
Buckle Inc. reported a decrease in its June comparable store net sales by 2.4% and overall net sales by 1.8% to $108M. The company also reported a 7.3% decrease in comparable store net sales and a 6.5% decrease in net sales to $480.2M for the 22-week period ended July 1, 2023.
July 06, 2023 | 10:53 am
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NEGATIVE IMPACT
Buckle's reported decrease in both comparable store net sales and overall net sales could potentially impact the company's stock negatively in the short term.
Decreases in sales, both in comparable stores and overall, indicate a potential downturn in business performance. This could lead to a decrease in investor confidence, potentially driving down the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100