The Buckle Inc, a US-based fashion retailer, has posted 159.2 per cent sales increase to $299.1 million in its first quarter (Q1) of FY21, ended on May 1, 2021, compared to sales of $115.4 million in corresponding period of previous fiscal. The company’s net income for the quarter improved to $57.3 million (Q1 FY20: loss $11.8 million).
The Buckle Inc, a US-based fashion retailer, has posted 159.2 per cent sales increase to $299.1 million in its first quarter (Q1) of FY21, ended on May 1, 2021, compared to sales of $115.4 million in corresponding period of previous fiscal. The company's net income for the quarter improved to $57.3 million (Q1 FY20: loss $11.8 million). #
Gross profit for the period rose to $147.5 million ($26.8 million), while operating expenses were $71.7 million ($43.0 million). The company’s income from operations during Q1 FY21 surged to $75.8 million (loss: $16.2 million). Online sales grew 67.3 per cent to $53.7 million ($32.1 million).
The Buckle Inc, a US-based fashion retailer, has posted 159.2 per cent sales increase to $299.1 million in its first quarter (Q1) of FY21, ended on May 1, 2021, compared to sales of $115.4 million in corresponding period of previous fiscal. The company's net income for the quarter improved to $57.3 million (Q1 FY20: loss $11.8 million). #
Offering a unique mix of high-quality, on-trend apparel, accessories, and footwear, Buckle caters to fashion-conscious young men and women. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the company’s exclusive brand, BKE
Fibre2Fashion News Desk (JL)
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