Buckle July Comparable Store Net Sales Decrease 6.8%; Net Sales For The 4-Week Fiscal Month Increase 3.8% To $98.7M
Portfolio Pulse from Benzinga Newsdesk
Buckle reported a 6.8% decrease in July comparable store net sales, while net sales for the 4-week fiscal month increased by 3.8% to $98.7 million. For the 13-week second quarter ended August 3, 2024, comparable store net sales decreased by 6.6%, and net sales decreased by 3.4% to $282.4 million compared to the same period last year.
August 08, 2024 | 10:52 am
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Buckle reported a mixed performance with a 6.8% decrease in July comparable store net sales but a 3.8% increase in net sales for the 4-week fiscal month. However, the 13-week second quarter saw a 6.6% decrease in comparable store net sales and a 3.4% decrease in net sales.
The decrease in comparable store net sales for both July and the 13-week second quarter indicates potential challenges in maintaining sales momentum. Despite a slight increase in net sales for the 4-week fiscal month, the overall quarterly performance is negative, likely leading to short-term downward pressure on the stock price.
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