85 418
Fashion Jobs
LEE
PT Keyholder
Permanent · GRAPEVINE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · WALPOLE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · HOUSTON
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · MONONA
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · MORTON
KOHLS
Associate HR Business Partner
Permanent · MENOMONEE FALLS
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · LAKELAND
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · PEARLAND
KOHLS
Full-Time Loss Prevention Service Specialist*
Permanent · NORRIDGE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · EDWARDSVILLE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · GURNEE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · ORANGE CITY
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · MOBILE
NAVY EXCHANGE
Supply Chain Systems Tech
Permanent · VIRGINIA BEACH
NAVY EXCHANGE
(Norfolk Navy Gateway Inns And Suites) Guest Service Representative i
Permanent · WILLIAMSBURG
NAVY EXCHANGE
Guest Service Representative II
Permanent · GULFPORT
NAVY EXCHANGE
Guest Service Representative II (Part-Time)
Permanent · PENSACOLA
NAVY EXCHANGE
Guest Service Representative II (Full-Time)
Permanent · PENSACOLA
NEIMAN MARCUS
Senior Manager, Fulfillment Operations
Permanent · PITTSTON
NEIMAN MARCUS
Loss Prevention Investigator- Charlotte
Permanent · CHARLOTTE
LULULEMON
Visual Merchandising Specialist | Toledo Local
Permanent · TOLEDO
LULULEMON
Community Specialist | Martha's Vineyard
Permanent · EDGARTOWN
Published
Mar 17, 2019
Reading time
2 minutes
Download
Download the article
Print
Text size

Buckle sales fall 6% in fourth quarter

Published
Mar 17, 2019

Kearney, Nebraska-based apparel, accessories and footwear retailer The Buckle, Inc. reported declines in sales and earnings for both the fourth quarter and the full fiscal year 2018 on Friday, as slight progress in the company’s digital channel failed to compensate for weak in-store sales.
 

Sales fell in both Buckle's men's and womenswear categories - Instagram: @buckle


Buckle’s net sales for the fourth quarter ended February 2, 2019 decreased 6% to $264.4 million, compared to $281.2 million in the prior-year period. While online sales were up 1.3% from $33.5 million to $33.9 million, comparable store sales fell 6%.
 
In the youth-focused retailer’s quarterly earnings conference call, it was further revealed that, by category, Buckle’s womenswear sales decreased around 8.5%, while sales in menswear fell 3.5%.

The company did, however, manage to cut operating expenses from $72.55 million to $70.09 million during the quarter.
 
Nonetheless, these savings were not enough to prevent Buckle’s net income from falling to $41.1 million, or $0.84 per diluted share, from $42.0 million, or $0.87 per diluted share, in the equivalent period in the previous year.
 
The company’s full-year net sales decreased 3.1% to $885.5 million, down from $913.4 million in fiscal 2017. Comparable store sales declined 0.9%.
 
Once again, online sales were something of a bright spot, increasing 5.6% to $103.7 million, compared to $98.2 million in the previous year.
 
The company’s full-year net income totaled $95.6 million, or $1.97 per diluted share, down from $89.7 million, or $1.85 per diluted share, in 2017.
 
In the fourth quarter, Buckle closed three stores and now operates 450 retail locations in 42 US states, compared to 457 stores in 44 states at the same time last year. In 2019, the retailer currently plans to open one new store.

Copyright © 2024 FashionNetwork.com All rights reserved.