BCKLE : The Buckle, Inc. Reports August 2010 Net Sales
09/02/2010| 07:05am US/Eastern
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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 four-week period ended
August 28, 2010 decreased 3.5 percent from comparable store net sales
for the four-week period ended August 29, 2009. Net sales for the
four-week fiscal month ended August 28, 2010 increased 0.9 percent to
$85.2 million from net sales of $84.5 million for the prior year
four-week fiscal month ended August 29, 2009.
Comparable store net sales year-to-date for the 30-week period ended
August 28, 2010 decreased 2.2 percent from comparable store net sales
for the 30-week period ended August 29, 2009. Net sales for the 30-week
fiscal period ended August 28, 2010 increased 2.4 percent to $488.6
million from net sales of $477.1 million for the prior year 30-week
fiscal period ended August 29, 2009.
During the four-week fiscal month ended August 28, 2010, the Company
repurchased 196,800 shares of its common stock at an average price of
$24.20 per share. The shares were purchased pursuant to the 1,000,000
share corporate stock repurchase program authorized by the Board of
Directors on November 20, 2008. The Company had 602,500 shares remaining
to complete this authorization as of the end of the fiscal month.
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 420 retail stores in 41 states. This includes
the opening of one new store, yesterday, in Orlando, Florida. The
Company operated 401 stores in 41 states as of September 2, 2009. 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
The Buckle, Inc.
Karen B. Rhoads, 308-236-8491
Chief
Financial Officer
© Business Wire 2010
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