Net sales of US-based fashion retailer, The Buckle, Inc declined by 5.3 per cent to $544.9 million during H1, FY24 as against $575.3 million during the corresponding period last year that ended on July 29, 2023.

The company’s comparable store net sales declined by 7.7 per cent for the 26-week period, compared to the equivalent period ending Aug 5, 2023. Its online sales plummeted by 14.2 per cent to $81.4 million from $94.9 million in the corresponding period of the previous year.

The company’s net income for H1 FY24 declined to $74.1 million compared to $88.6 million in the corresponding period last year.

In Q2, FY24, The Buckle, Inc registered a 3.4 per cent decline in net sales, totaling $282.4 million as against $292.4 million recorded during the same quarter in the previous fiscal year. The company’s comparable store net sales declined by 6.6 percent, while online sales lowered by 15.2 per cent to $37.0 million, compared to $43.6 million in the corresponding period of the previous year.

The company also registered a decline in net income to $39.3 million during Q2 FY24 as against $45.6 million as against Q2, FY23.