Contact: Thomas B. Heacock, Chief Financial Officer
The Buckle, Inc.
(308) 236-8491
The Buckle, Inc. Press Release Narrative for 4/12/2018
Our April 12, 2018 press release reported that comparable store sales, for stores open at least one full year, for the five-week period ending April 7, 2018, were down 1.1 percent in comparison to the prior year five-week period ending April 8, 2017. Total net sales for the five-week fiscal month were down 5.2 percent to $82.3 million compared to net sales of $86.8 million in the prior year five-week fiscal month ended April 1, 2017.
On the men's side of the business, total sales for the five-week fiscal period ending April 7, 2018 were up approximately 3.0 percent in comparison to the prior year five-week period ending April 8, 2017. The men's business represented approximately 49.5 percent of total sales for the fiscal month versus approximately 47.0 percent in the prior year fiscal March.
For the fiscal month, overall price points on the men's side of the business were down approximately 2.5 percent.
On the women's side of the business, total sales for the five-week fiscal period ending April 7, 2018 were down approximately 6.5 percent in comparison to the prior year five-week period ending April 8, 2017. The women's business represented approximately 50.5 percent of total sales for the month versus approximately 53.0 percent in the prior year fiscal March.
For the fiscal month, overall price points on the women's side of the business were down about 2.0 percent.
Within the men's and women's categories combined, accessory sales for the fiscal month were down approximately 1.5 percent in comparison to the same five-week period a year ago, while footwear sales were down about 2.5 percent. These two categories accounted for approximately 8.0 percent and 6.5 percent, respectively, of both the current and prior year fiscal March net sales. Average accessory price points were up approximately 3.0 percent and average footwear price points were up about 6.0 percent for the fiscal month.
For the fiscal month, UPT's decreased approximately 1.0% and the average transaction value decreased about 1.5%, compared to the prior year fiscal March.
Buckle currently operates 456 retail stores in 43 states compared to 463 stores in 44 states as of April 12, 2017.
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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The Buckle Inc. published this content on 12 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 April 2018 11:01:10 UTC
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.
THE BUCKLE, INC. 
