The Buckle, Inc., which operates 442 retail stores, said net sales surged by 240.2 percent for the 5-week fiscal month that ended on April 3, 2021 from the month that ended on April 4, 2020.
The mid-priced casual retail chain also reported that net sales jumped by 69.5 percent from net sales of $82.3 million for the 5-week fiscal month that concluded on April 6, 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,” the company said in a Thursday (April 8) press release.
The Buckle noted that does not intend to separately post comp store sales for the months that store closures most impacted. However, it plans to begin its regular monthly reporting again with its August results.
The retailer, which is based Kearney, Nebraska, sells clothing, accessories and shoes. It serves “fashion-conscious young men and women,” according to the release.
Every store sells a broad variety of “fits, styles, and finishes” from denim brands, including the company’s exclusive BKE brand, according to the release.
In March, The Buckle reported an 18 percent rise in same-store sales, headed up by an 81.5 percent jump in its online business that accounted for roughly one-fifth of the total.
As for the retailer’s overall fourth-quarter results, The Buckle Inc. posted $1.33 in net income per share on a diluted basis on $318.8 million in net sales.
Moreover, The Buckle reported that online sales surged by 72 percent to $190.6 million for the fiscal year 2020 in contrast to $110.8 million in net sales for the prior fiscal year.
Additionally, The Buckle reported that comp store net sales for the period ending Jan. 30, 2021 increased 0.4 percent from the prior-year period ending Feb. 1, 2020.
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