Interviews
News Flash
The Buckle Q2 FY20 sales rise 6% to $216 mn
15 Sep '20
1 min read
Pic: Shutterstock
The Buckle Inc, a US-based fashion retailer, has announced 6.0 per cent net sales growth to $216.0 million in its second quarter (Q2) for fiscal 2020 ended on August 1, 2020, compared to the sales of $203.8 million in the same period previous fiscal. Company’s net income for during the quarter jumped to $34.6 million (Q2 FY19: $16.3 million).
Gross profit for Q2 FY20 was $93.3 million ($78.6 million). Selling, general and administrative expenses for the period were down to $47.8 million ($59.0 million). However, Buckle’s income from operations for the reported period rose to $45.5 million ($19.6 million).
The company began the process of reopening certain stores in the week of April 26, 2020, following state and local reopening guidelines. As of August 1, 2020, 431 of Buckle’s 446 stores were open. Whereas, company’s online store has remained open without interruption.
Fibre2Fashion News Desk (JL)
Popular News
Leave your Comments
Editor’s Pick
Jason Kent
British Textile Machinery Association (BTMA)
Kimberly Morgan and Rik Veltman
K3 Business Technology Group PLC
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
