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Buckle July Comparable Store Net Sales Down 5.7% - Quick Facts
(RTTNews) - Denim retailer Buckle, Inc. (BKE) reported Thursday that comparable store net sales, for stores open at least one year, for the 5-week period ended July 6, 2024 decreased 5.7 percent.
Net sales for the period declined 5.8 percent to $101.7 million from net sales of $108.0 million for the prior-year 5-week period.
For the year-to-date for the 22-week period ended July 6, 2024, comparable store net sales decreased 8.0 percent. Net sales for the period declined 7.1 percent to $446.2 million from $480.2 million in the prior-year period.
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Buckle Q4 Profit, Net Sales Decline
Denim retailer Buckle, Inc. (BKE) reported Friday fourth-quarter net income of $79.58 million or $1.59 per share, down from $87.84 million or $1.76 per share in the prior-year quarter.
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Foot Locker, Buckle Report Q2 Net Profit Declines
Specialty athletic retailer Foot Locker, Inc. reported Friday a second-quarter net profit that plunged from last year, hurt by a sales decline amid markdowns. Quarterly sales met Street estimates. The company also trimmed it adjusted earnings and sales growth guidance for the full-year 2022.
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U.S. Dollar Advances After Hot PCE Data
The U.S. dollar strengthened against its major counterparts in the New York session on Friday, after a data showed that the Federal Reserve's preferred gauge of inflation accelerated in May.
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Swiss Market Ends On Buoyant Note
The Switzerland market closed on a firm note on Friday, in line with markets across Europe, as trade tensions eased following the U.S. and China reaching an agreement.
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European Stocks Close Higher As Trade Tensions Ease
European stocks closed higher on Friday as trade tensions eased after United States struck a deal with China to expedite rate earth shipments.
The deal marks a significant step towards resolving the ongoing trade war between the world's two largest economies.
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U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In June
A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than previously estimated in the month of June. The University of Michigan said its consumer sentiment index for June was upwardly revised to 60.7 from a preliminary reading of 60.5.
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U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates
While the Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. crept up in line with expectations in the month of May, the report also showed core consumer prices rose by slightly more than expected. The report said the personal consumption expenditures (PCE) price index inched up by 0.1 percent in May, matching the uptick seen in April.
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Eurozone Economic Sentiment Falls Unexpectedly
Eurozone economic sentiment weakened unexpectedly in June primarily driven by reduced confidence in industry and retail trade, a monthly survey data from the European Commission showed on Friday. The economic confidence index fell to 94.0 in June from 94.8 in May. The score was forecast to rise to 95.1. The industrial confidence index posted -12.0 in June, down from -10.4 a month ago.
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