09/05/2024 | Press release | Distributed by Public on 09/05/2024 05:03
Our September 5, 2024 press release reported that comparable store sales, for stores open at least one full year, for the four-week period ended August 31, 2024, increased 1.7 percent in comparison to the prior year four-week period ended September 2, 2023. Total net sales for the four-week fiscal month decreased 6.6 percent to $105.1 million compared to net sales of $112.5 million in the prior year four-week fiscal month ended August 26, 2023.
On the men's side of the business, total sales for the four-week fiscal period ended August 31, 2024 decreased slightly in comparison to the prior year four-week period ended September 2, 2023. The men's business represented approximately 54.0 percent of total sales for the month, versus approximately 55.5 percent for the same period in the prior year. For the fiscal month, overall price points on the men's side of the business were up approximately 2.5 percent.
On the women's side of the business, total sales for the four-week fiscal period ended August 31, 2024 increased 5.5 percent in comparison to the prior year four-week period ended September 2, 2023. The women's business represented approximately 46.0 percent of total sales for the month, versus approximately 44.5 percent in the same period a year ago. For the fiscal month, overall price points on the women's side of the business increased about 0.5 percent.
Within the men's and women's categories combined, accessory sales for the fiscal month were up approximately 4.0 percent in comparison to the prior year four-week period ended September 2, 2023, while footwear sales were down about 15.5 percent. These two categories accounted for approximately 10.0 percent and 4.5 percent, respectively, of the current fiscal August net sales. This compares with approximately 10.0 percent and 5.5 percent, respectively, for each in the prior year. Average accessory price points for the month were down about 1.0 percent, and average footwear price points were up about 6.5 percent for the fiscal month.
For the month, UPT's increased slightly and the average transaction value increased approximately 2.0 percent compared to the prior year four-week period ended September 2, 2023.
Buckle currently operates 441 retail stores in 42 states, compared to 442 stores in 42 states as of September 5, 2023.
It is our Company policy not to provide any guidance on current sales or to project results for the next quarter. Additionally, any forward-looking statements made during this commentary involve material risks and uncertainties and are subject to change based on factors which may be beyond the Company's control. Accordingly, the Company's future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, but are not limited to, those described in the Company's filings with the Securities and Exchange Commission.