The Buckle, Inc. (NYSE: BKE) has reported its quarterly dividend following a board meeting held on September 9, 2024. The board has authorized a $0.35 per share quarterly dividend to be paid to shareholders of record at the close of business on October 11, 2024, with a payment date of October 25, 2024.
In terms of financial performance, let's look at the numbers from the company's recent financial report compared to the same period last year:
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Net sales for the 13-week period ended August 3, 2024, decreased by 1.1% to $235.3 million compared to net sales of $237.9 million for the prior-year 13-week fiscal period ended August 4, 2023.
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Net income for the 13-week period ended August 3, 2024, decreased by 6.8% to $32.1 million compared to net income of $34.4 million for the prior-year 13-week fiscal period ended August 4, 2023.
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The company's comparable store net sales decreased by 2.3% for the 13-week period ended August 3, 2024, compared to the prior-year period.
These figures provide an insight into the company's recent performance, indicating a decrease in net sales and net income compared to the same period last year. The decline in comparable store net sales further reflects the challenging market conditions faced by The Buckle, Inc.
It's important to note that the company continues to operate 441 retail stores in 42 states, maintaining its focus on delivering exceptional service and style through unforgettable experiences, with a specialty in high-quality, on-trend apparel, accessories, and footwear.
As the market responds to these financial results, shareholders and investors will be closely monitoring the company's strategies and initiatives to address the observed decline in performance. Following these announcements, the company's shares moved 1.8%, and are now trading at a price of $42.31. If you want to know more, read the company's complete 8-K report here.
