Buckle Reports May 2024 Net Sales: Says Comparable Store Net Sales For Stores Open At Least One Year, For The 4-week Period Ended June 1 Decreased 7.6% YoY
Portfolio Pulse from Benzinga Newsdesk
The Buckle, Inc. (NYSE:BKE) reported a decrease in comparable store net sales by 7.6% for the 4-week period ended June 1, 2024, compared to the same period last year. Net sales for the same period decreased by 8.2% to $82.0 million. Year-to-date comparable store net sales for the 17-week period ended June 1, 2024, decreased by 8.6%, with net sales down 7.4% to $344.5 million.
June 06, 2024 | 10:54 am
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The Buckle, Inc. reported a significant decline in both comparable store net sales and overall net sales for the 4-week and 17-week periods ended June 1, 2024. This indicates potential challenges in consumer demand or competitive pressures.
The reported decline in both comparable store net sales and overall net sales suggests that The Buckle, Inc. is facing significant challenges. This could negatively impact investor sentiment and the stock price in the short term.
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