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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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Asian Markets Mixed Amid Cautious Trades
Asian stock markets are trading mixed on Monday, following the broadly negative cues from Wall Street on Friday, as traders remain cautious amid renewed optimism about new trade deals after US President Donald Trump indicated he does not think he will need to extend the July 9 deadline for countries to secure trade deals with the US. Trump also indicated the US had signed an agreement with China.
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Sensex, Nifty Set For Muted Start
Indian shares look set to open largely unchanged on Monday, though losses, if any, may remain limited owning to record-high U.S. stock performance and progress in trade negotiations.
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Thai Stock Market May Stop The Bleeding On Monday
The Thai stock market has moved lower in back-to-back sessions, slumping more than 25 points or 2.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,080-point plateau although it's expected to find support on Monday.
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Japanese Market Sharply Higher
The Japanese stock market is trading sharply higher on Monday, extending the gains in the previous four sessions, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving above the 40,800 level, with gains across most sectors led by index heavyweights and technology stocks.
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Indonesia Shares Poised Extend Thursday's Gains
Ahead of Friday's holiday for the Islamic New Year, the Indonesia stock market had moved higher in two of three trading days since the end of the four-day losing streak in which it had dropped more than 370 points or 5 percent. The Jakarta Composite Index now sits just beneath the 6,900-point plateau and it may see additional support on Monday.
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Australian Market Modestly Higher
The Australian stock market is modestly higher on Monday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,500.00 level, with gains is financial and technology stocks partially offset by weakness in mining stocks.
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