The Buckle (BKE) Sales Update summary

Sales performance

• Comparable store sales for the five-week period ended July 6, 2024, decreased 5.7% year-over-year.

• Total net sales for the period fell 5.8% to $101.7 million from $108 million a year earlier.

• Year-to-date comparable store net sales dropped 8.0% compared to the prior year.

• Year-to-date net sales decreased 7.1% to $446.2 million from $480.2 million in 2023.

• Men's sales declined 5.5%, representing 59% of total sales, unchanged from last year.

Category and pricing trends

• Men's average price points rose about 2%, while women's price points decreased slightly.

• Accessory sales declined 4% and footwear sales dropped 25%; these categories made up 13% and 6% of net sales, respectively.

• Last year, accessories and footwear accounted for 13% and 7.5% of net sales, respectively.

• Average accessory price points increased slightly; footwear price points rose 3.5%.

• Women's sales dropped 5%, accounting for 41% of total sales, also unchanged year-over-year.

Store operations

• Operated 439 retail stores in 42 states as of the end of June 2024.

• One new store opened in San Marcos, Texas, during June 2024.

• Two stores closed after the fiscal month ended.

• There were 440 stores in 42 states as of July 11, 2023.