The Buckle, Inc. : Reports September 2016 Net Sales
October 06, 2016 at 12:01 pm
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The Buckle, Inc. (NYSE: BKE) announced today that comparable store net
sales, for stores open at least one year, for the 5-week period ended
October 1, 2016 decreased 15.5 percent in comparison to comparable store
net sales for the 5-week period ended October 3, 2015. Net sales for the
5-week fiscal month ended October 1, 2016 decreased 14.8 percent to
$82.9 million compared to net sales of $97.4 million for the prior year
5-week fiscal month ended October 3, 2015.
Comparable store net sales year-to-date for the 35-week period ended
October 1, 2016 decreased 12.1 percent from comparable store net sales
for the 35-week period ended October 3, 2015. Net sales for the 35-week
fiscal period ended October 1, 2016 decreased 11.4 percent to $625.8
million from net sales of $706.2 million for the prior year 35-week
fiscal period ended October 3, 2015.
Please note that net sales for the 5-week and 35-week periods ended
October 1, 2016 are reported net of the impact of both reward
redemptions and accruals for estimated future rewards related to the
Company’s new Guest Loyalty program, which launched during the fiscal
quarter ended April 30, 2016.
About Buckle
Offering a unique mix of high-quality, on-trend apparel, accessories,
and footwear, Buckle caters to fashion-conscious young men and women.
Known as a denim destination, each store carries a wide selection of
fits, styles, and finishes from leading denim brands, including the
Company’s exclusive brand, BKE. Headquartered in Kearney, Nebraska,
Buckle currently operates 470 retail stores in 44 states, which includes
the opening of one new store in Tampa, Florida and the closing of one
store in Knoxville, Tennessee during fiscal September. The Company
operated 465 stores in 44 states as of October 6, 2015. To listen to the
Company’s recorded monthly sales commentary, please call (308) 238-2500.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995: All forward-looking statements made by the Company 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. The
Company does not undertake to publicly update or revise any
forward-looking statements even if experience or future changes make it
clear that any projected results expressed or implied therein will not
be realized.
News releases and other information about The Buckle, Inc., can be found
on the Internet at www.buckle.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20161006005171/en/
The Buckle, Inc. is a retailer of casual apparel, footwear, and accessories. The Company operates approximately 440 retail stores in 42 states. The Company markets a wide selection of casual apparel including denim, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. It also provides customer services, such as free hemming, free gift-packaging, easy layaways, the Buckle private label credit card, and a guest loyalty program. The Company offers denims from brands such as Miss Me, Rock Revival, KanCan, Hidden, Flying Monkey, Levi's, Preme, Smoke Rise, Ariat, Good American, and Wrangler. Other key brands include Hurley, Billabong, Affliction, American Fighter, Sullen, Howitzer, Oakley, Fox, RVCA, 7 Diamonds, Nixon, Free People, Z Supply, Salt Life, White Crow, Brew City, Reef, Stance, Versace Cologne, American Highway, Eight X, Pendelton, Hooey, Goorin Bros., Old Row, Timberland, Teva, Kimes Ranch, SOREL, Hey Dude, Steve Madden, Dolce Vita, and SAXX.