Specialty Retailer Buckle Reports 11.1% Drop In Comparable Store Sales For September
Portfolio Pulse from Akanksha Bakshi
Specialty retailer Buckle Inc (NYSE:BKE) reported an 11.1% YoY drop in comparable store net sales for September 2023. The company's net sales for the month also declined by 10.7% YoY to $103.1 million. For the 35-week period ending September 30, 2023, comparable store net sales decreased by 6.8% and net sales totaled $790.9 million, a decrease of 6.4% Y/Y.
October 05, 2023 | 1:17 pm
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NEGATIVE IMPACT
Buckle Inc's sales figures for September 2023 show a significant decline, with comparable store net sales dropping by 11.1% YoY and net sales declining by 10.7% YoY.
The reported decline in both comparable store net sales and net sales for Buckle Inc indicates a negative performance for the company. This could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100