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Stock impact report

Buckle March sales fall 50% as COVID-19 takes its toll [MarketWatch]

Buckle, Inc. (The) (BKE) 
Last buckle, inc. (the) earnings: 3/13 06:50 am Check Earnings Report
US:NYSE Investor Relations: corporate.buckle.com/investors
Company Research Source: MarketWatch
Buckle Inc. 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%. Show less Read more
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