Interviews
Notably, comparable store net sales for Q1 FY23 decreased 9.2 per cent from the same period last year. The retailer also experienced a downturn in its online sales, which decreased 5.6 per cent to $51.3 million. This is compared to net sales of $54.3 million for the equivalent period in 2022, the company said in a media release.
Buckle's net income for Q1 FY23 was reported at $42.9 million, or $0.87 per share ($0.86 per share on a diluted basis). This is a significant decrease compared to the first quarter of fiscal 2022, where the company reported net income of $55.3 million, or $1.12 per share.
Fibre2Fashion News Desk (DP)