Shares of The Buckle, Inc. BKE have increased 7.4% since the company released robust sales numbers for July on Aug 6. Moreover, the company’s online business, which has been open throughout amid the COVID-19 crisis, is performing outstandingly. Coming to sales data, total net sales for the four-week fiscal month ended Aug 1, 2020 grew 3.8% to $70 million from net sales of $67.5 million recorded in the four-week fiscal month ended Aug 3, 2019. This marks the second-straight sales increase on a monthly basis.
We note that the company had seen an increase of 26.8% for June, following a sales decline of 16.8%, 80.8% and 50.2%, respectively, in the preceding three months. Further, net sales for the 13-week fiscal quarter ended Aug 1, 2020 rose 6% to $216 million compared to net sales of $203.8 million recorded in the year-earlier 13-week fiscal quarter. Moreover, online sales for the same