The Buckle, Inc. (NYSE: BKE) announced today that comparable store net
sales, for stores open at least one year, for the 4-week period ended
July 29, 2017 decreased 8.4 percent in comparison to comparable store
net sales for the 4-week period ended July 30, 2016. Net sales for the
4-week fiscal month ended July 29, 2017 decreased 9.0 percent to $60.6
million compared to net sales of $66.5 million for the prior year 4-week
fiscal month ended July 30, 2016.
Comparable store net sales for the 13-week second quarter ended July 29,
2017 decreased 7.7 percent from comparable store net sales for the
13-week period ended July 30, 2016. Net sales for the 13-week fiscal
quarter ended July 29, 2017 decreased 7.8 percent to $195.7 million from
net sales of $212.2 million for the prior year 13-week fiscal quarter
ended July 30, 2016.
Comparable store net sales year-to-date for the 26-week period ended
July 29, 2017 decreased 10.3 percent from comparable store net sales for
the 26-week period ended July 30, 2016. Net sales for the 26-week fiscal
period ended July 29, 2017 decreased 10.5 percent to $407.9 million from
net sales of $455.7 million for the prior year 26-week fiscal period
ended July 30, 2016.
The Company will announce second quarter earnings the morning of
Thursday, August 17, 2017. Management will hold a conference call at
10:00 a.m. EDT on August 17, 2017 to discuss results for the quarter. To
participate in the call, please call (800) 230-1059 for domestic calls
or (612) 234-9959 for international calls and reference the conference
code 428167. A replay of the call will be available for a two-week
period beginning August 17, 2017 at 12:00 p.m. EDT by calling (800)
475-6701 for domestic calls or (320) 365-3844 for international calls
and entering the conference code 428167.
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 463 retail stores in 44 states, which includes
the opening of one new store during fiscal July in Sparks, Nevada. The
Company operated 470 stores in 44 states as of August 3, 2016. 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/20170803005107/en/
The Buckle, Inc. is a retailer of casual apparel, footwear and accessories. The Company operates approximately 441 retail stores in 42 states throughout the United States. It markets a wide selection of casual apparel including denim, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. The Company offers denim from brands, such as Miss Me, Rock Revival, KanCan, Hidden, Flying Monkey, Levi's, Preme, Smoke Rise, Ariat, Good American, and Wrangler. Its other 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, SAXX, Ray-Ban, Wanakome, Guess, Fossil, Brixton, Dr. Martens, Very G, Birkenstock, Bed Stu, Palladium, Mia, K-Swiss, Myra, STS and G-Shock.