Buckle Woes Continue In August Sales

Loading...
Loading...
Buckle, Inc.
BKE
continued to face drop in both net sales and comparable store sales in August. The monthly sales number come on the heels of the company's earnings and revenue miss in the second quarter. For August, the retailer reported 14.8 percent drop in comparable store sales. This is wider than the 10.9 percent fall recorded in July and 10.8 percent drop in the second quarter. Net sales for August also dipped 14 percent to $87.2 million. For the year-to-date period, Buckle reported 11.6 percent fall in comparable store sales. Similarly, its net sales dipped 10.8 percent from $608.8 million to $542.9 million. On Wednesday, the stock shed $0.48, or 1.83 percent, to $25.77.
Posted In: NewsRetail SalesTrading IdeasPress ReleasesGeneral
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...