BKE Buckle Dashboard

Management Discussion

• Net sales for the 52-week fiscal year ended January 30, 2021, increased 0.1% to $901.3 million from net sales of $900.3 million for the 52-week fiscal year ended February 1, 2020. Comparable store net sales for the 52-week fiscal year increased 0.4% from comparable store net sales for the prior year 52-week period ended February 1, 2020. The comparable store sales increase was primarily attributable to a 2.7% increase in the average unit retail, partially offset by a 1.9% decrease in the number of transactions and a 0.5% decrease in the average number of units sold per transaction. Net sales for the year were impacted by the temporary closure of all brick and mortar stores beginning March 18, 2020 due to the COVID-19 pandemic, as further described in Footnote M. Total net sales were also impacted by the Company's permanent closing of 4 stores during fiscal 2019 and by the opening of 3 new stores and permanent closure of 8 stores during fiscal 2020. Online sales for the fiscal year increased 72.0% to $190.6 million for the 52-week fiscal year ended January 30, 2021 compared to $110.8 million for the 52-week fiscal year ended February 1, 2020. Average sales per square foot for fiscal 2020 decreased 8.9% from $341 to $311. Total square footage as of January 30, 2021 was 2.301 million compared to 2.320 million as of February 1, 2020.