afb84301-f9e7-4e6e-9783-3560e328c860.pdf

For Immediate Release: April 7, 2016

Contact: Karen B. Rhoads, Chief Financial Officer

The Buckle, Inc.

308/236-8491


The Buckle, Inc. Press Release Narrative for 4/07/2016


Our April 7, 2016, press release reported that comparable store sales, for stores open at least one full year, for the five-week period ended April 2, 2016, were down 11.8 percent in comparison to the prior year five-week period ended April 4, 2015. Total net sales for the five-week fiscal month were down 11.0 percent to $96.6 million compared to net sales of $108.5 million in the prior year five-week fiscal month, which ended on April 4, 2015.


On the men's side of the business, total sales for the five-week fiscal period ending April 2, 2016, were down approximately 5.5 percent in comparison to the prior year five-week fiscal period ending April 4, 2015. The men's business represented approximately 45.5 percent of total sales for the month versus approximately 43.0 percent in the prior year fiscal March. 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 five-week fiscal period ending April 2, 2016, were down approximately 15.0 percent in comparison to the prior year five- week fiscal period ending April 4, 2015. The women's business represented approximately

54.5 percent of total sales for the month versus approximately 57.0 percent in the prior year fiscal March. For the fiscal month, overall price points on the women's side of the business were down approximately 1.0 percent.


Within the men's and women's categories combined, accessory sales for the fiscal month were down approximately 7.5 percent in comparison to the prior year fiscal March, while footwear sales were down approximately 8.5 percent. These two categories accounted for approximately 7.5 percent and 6.5 percent, respectively, of the current fiscal March's net sales. This compares with approximately 7.5 percent and 6.5 percent for each of these categories for the same period in the prior year. Average accessory price points were up approximately 3.5 percent and average footwear price points were down just slightly for the fiscal month.


UPT's were down approximately 2.0 percent and the average transaction value was down approximately 1.5 percent for the five-week fiscal month ended April 2, 2016, compared to the prior year five-week fiscal month ended April 4, 2015.


Buckle currently operates 468 retail stores in 44 states compared to 462 stores in 44 states as of April 7, 2015.

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.

The Buckle Inc. issued this content on 07 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 April 2016 11:09:31 UTC

Original Document: http://corporate.buckle.com/sites/default/files/press_release/04_07_16_narrative.pdf