THE BUCKLE, INC. For Immediate Release: December 3, 2015 Contact: Karen B. Rhoads, Chief Financial Officer The Buckle, Inc.
308/236-8491
Our December 3, 2015, press release reported that comparable store sales, for stores open at least one full year, for the four-week period ended November 28, 2015, were down 7.9 percent in comparison to the prior year four-week period ended November 29, 2014. Total net sales for the four-week fiscal month were down 6.8 percent to $96.9 million compared to net sales of $104.0 million in the prior year four-week fiscal month, which ended on November 29, 2014.
On the men's side of the business, total sales for the four-week fiscal period ending November 28, 2015, were down approximately 2.5 percent in comparison to the prior year four-week fiscal period ending November 29, 2014. The men's business represented approximately 47.0 percent of total sales for the month versus approximately 45.5 percent in the prior year fiscal November. Strong categories on the men's side included knit shirts and accessories. For the fiscal month, overall price points on the men's side of the business were down approximately 1.0 percent.
On the women's side of the business, total sales for the four-week fiscal period ending November 28, 2015, were down approximately 10.0 percent in comparison to the prior year four-week fiscal period ending November 29, 2014. The women's business represented approximately 53.0 percent of total sales for the month versus approximately
54.5 percent in the prior year fiscal November. Strong categories on the women's side included casual bottoms, woven tops, and footwear. For the fiscal month, overall price points on the women's side of the business were up just slightly.
Within the men's and women's categories combined, accessory sales for the fiscal month were down approximately 4.0 percent in comparison to the prior year fiscal November, while footwear sales were down just slightly. These two categories accounted for approximately 8.5 percent and 6.5 percent, respectively, of the current fiscal November's net sales. This compares with approximately 8.5 percent and 6.0 percent for each of these categories for the same period in the prior year. Average accessory price points were up approximately 6.5 percent and average footwear price points were down approximately 2.0 percent for the fiscal month.
UPT's were approximately 1.5 percent and the average transaction value was up approximately 2.0 percent for the four-week fiscal month ended November 28, 2015, compared to the prior year four-week fiscal month ended November 29, 2014.
Buckle currently operates 469 retail stores in 44 states compared to 463 stores in 44 states as of December 3, 2014.
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.
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