KEARNEY, Neb.–(BUSINESS WIRE)–The Buckle, Inc. (NYSE:BKE) announced today that comparable store net
sales, for stores open at least one year, for the 5-week period ended
April 1, 2017 decreased 10.1 percent in comparison to comparable store
net sales for the 5-week period ended April 2, 2016. Net sales for the
5-week fiscal month ended April 1, 2017 decreased 10.1 percent to $86.8
million compared to net sales of $96.6 million for the prior year 5-week
fiscal month ended April 2, 2016.
Comparable store net sales year-to-date for the 9-week period ended
April 1, 2017 decreased 16.1 percent from comparable store net sales for
the 9-week period ended April 2, 2016. Net sales for the 9-week fiscal
period ended April 1, 2017 decreased 16.1 percent to $149.6 million from
net sales of $178.4 million for the prior year 9-week fiscal period
ended April 2, 2016.
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 closing of one store in Lawrence, Kansas during fiscal March and the
closing of one store earlier this week in Troy, Michigan. The Company
operated 468 stores in 44 states as of April 6, 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
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