Buckle Inc. (BKE) said net sales for March fell 50.2% from a year ago to $41.0 million. The apparel, accessories and footwear retailer said sales for 9-week period ended April 4, or the first two months of the fiscal first quarter, sales dropped 26.6% to $104.0 million. The FactSet consensus for first-quarter sales of $143.2 million implies a 28.9% decline from a year ago. Since the company announced last month that all of its brick-and-mortar stores have been closed because of the COVID-19 pandemic, it will not report monthly same-store sales. The stock, which was still inactive in premarket trading, has lost 45.5% year to date, while the S&P 500 has declined 14.9%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 09, 2020 06:59 ET (10:59 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.