Buckle Registers June Sales Decline Of 1.8%, Comps Down 2.4%

Buckle Inc BKE reported that comparable store net sales for the five weeks ended July 1, 2023, decreased 2.4%. Net sales for June declined 1.8% Y/Y to $108 million.

Comparable store net sales year-to-date for the 22-week period ended July 1, 2023, decreased 7.3%.

Also Read: Buckle Q1: Earnings Miss, 8.5% Topline Decline, Comps Down 9.2% & More

Net sales for the 22-week fiscal period ended July 1, 2023, decreased 6.5% Y/Y to $480.2 million.

Headquartered in Kearney, Nebraska, Buckle currently operates 440 retail stores in 42 states. It offers apparel, accessories, and footwear.

Price Action: BKE shares closed lower by 1.76% at $34.70 on Wednesday.