The Buckle’s March Sales Jump 57% over March 2019
The Buckle, Inc. (NYSE: BKE) announced today that total net sales for the 4-week fiscal month ended May 1, 2021 increased 718.0 percent to $93.6 million from net sales of $11.4 million for the prior year 4-week fiscal month ended May 2, 2020. Compared to the same 4-week period in fiscal 2019, net sales increased 57.0 percent from net sales of $59.6 million for the 4-week fiscal month ended May 4, 2019.
Net sales for the 13-week fiscal quarter ended May 1, 2021 increased 159.2 percent to $299.1 million from net sales of $115.4 million for the prior year 13-week fiscal quarter ended May 2, 2020. Compared to the same 13-week period in fiscal 2019, net sales increased 48.6 percent from net sales of $201.3 million for the 13-week fiscal period ended May 4, 2019.
Net sales for fiscal 2020 were significantly impacted by the Company’s closure of all brick and mortar stores due to the COVID-19 pandemic beginning March 18, 2020. As a result of the impact of the store closures on prior year reported net sales, the Company will report total net sales each month compared to the past two years and does not plan to separately report comparable store sales for the months most affected by the store closures. The Company plans to resume its regular monthly reporting with its August results.
The Company will announce first quarter earnings the morning of Friday, May 21, 2021. Management will hold a conference call at 10:00 a.m. EDT on May 21, 2021 to discuss results for the quarter. To participate in the call, please call (844) 867-6169 for domestic calls or (409) 207-6975 for international calls and reference the conference code 1433238. A replay of the call will be available for a two-week period beginning May 21, 2021 at 1:00 p.m. EDT by calling (866) 207-1041 for domestic calls or (402) 970-0847 for international calls and entering the conference code 6096737.
Offering a unique mix of high-quality, on-trend apparel, accessories, and footwear, Buckle caters to fashion-conscious young men and women. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company’s exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 442 retail stores in 42 states compared to 446 stores in 42 states as of May 6, 2020.