Buckle Registers 9.2% Sales Decline In March; Comps Down 10.1%

Apparel company Buckle Inc BKE said its net sales for the five-week fiscal month ended April 1, 2023, decreased 9.2% year-on-year to $113.4 million.
The comparable store net sales for March declined 10.1%.
Comparable store net sales year-to-date for the 9-week period ended April 1, 2023, dropped 8.8%.
Net sales for the 9-week period fell 7.9% to 195.9 million compared to $212.7 million last year.
The company’s Q4 sales grew 5.5% to $401.81 million, beating the consensus of $384.01 million.
Buckle currently operates 439 retail stores in 42 states in the U.S.
Price Action: BKE shares are trading lower by 2.49% at $34.00 in premarket on the last check Thursday.

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