Our March 7, 2024 press release reported that comparable store sales, for stores open at least one full year, for the four-week period ended March 2, 2024, decreased 11.5 percent in comparison to the prior year four-week period ended March 4, 2023. Total net sales for the four-week fiscal month decreased 5.2 percent to $78.2 million compared to net sales of $82.5 million in the prior year four-week fiscal month ended February 25, 2023.

On the men's side of the business, total sales for the four-week fiscal period ended March 2, 2024 decreased 9.0 percent in comparison to the prior year four-week period ended March 4, 2023. The men's business represented approximately 53.0 percent of total sales for the month versus approximately 52.0 percent for the same period in the prior year. For the fiscal month, overall price points on the men's side of the business were up approximately 1.5 percent.

On the women's side of the business, total sales for the four-week fiscal period ended March 2, 2024 decreased 13.0 percent in comparison to the prior year four-week period ended March 4, 2023. The women's business represented approximately 47.0 percent of total sales for the month versus approximately 48.0 percent for the same period in the prior year. For the fiscal month, overall price points on the women's side of the business increased approximately 3.0 percent.

Within the men's and women's categories combined, accessory sales for the fiscal month were down approximately 11.0 percent in comparison to the prior year four-week period ended March 4, 2023, and footwear sales were down about 35.0 percent. These two categories accounted for approximately 11.0 percent and 5.5 percent, respectively, of the current fiscal February net sales. This compares with approximately 11.0 percent and 7.5 percent, respectively, for each in the prior year. Average accessory price points for the month were up approximately 3.0 percent, and average footwear price points were up about 8.0 percent for the fiscal month.

For the month, UPT's decreased about 3.5 percent while the average transaction value was flat compared to the prior year four-week period ended March 4, 2023.

Buckle currently operates 442 retail stores in 42 states compared to 439 stores in 42 states as of March 7, 2023.

It is our Company policy not to provide any guidance on current sales or to project results for the next quarter. Additionally, any forward-looking statements made during this commentary involve material risks and uncertainties and are subject to change based on factors which may be beyond the Company's control. Accordingly, the Company's future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, but are not limited to, those described in the Company's filings with the Securities and Exchange Commission.

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The Buckle Inc. published this content on 07 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2024 12:23:09 UTC.