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Buckle faces 10.8% sales drop in recent four-week period

EditorRachael Rajan
Published 12/01/2023, 02:40 AM
© Reuters.
BKE
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The Buckle (NYSE:BKE), Inc., a retailer headquartered in Kearney, Nebraska, has reported a notable decline in its sales performance. The company, known for its specialty denim and exclusive brand BKE, saw a 10.8% reduction in comparable store net sales, compared to the same period a year ago. This amounted to $106.0 million in the four weeks ending on Saturday, November 25, 2023 versus the $117.9 million recorded during the same period in the previous year.

Extending the view to the year-to-date figures, Buckle's financial challenges persist with a 7.7% decrease in comparable store sales. The total net sales for the 43-week span reached $984.8 million, reflecting the ongoing slump.

Buckle has however expanded its retail presence from 441 to 445 stores nationwide over the past year. The company's network now extends across 42 states.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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