The Buckle, Inc. Reports August 2016 Net Sales
September 01 2016 - 7:00AM
Business Wire
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 August 27, 2016 decreased 14.8 percent in comparison
to comparable store net sales for the 4-week period ended August
29, 2015. Net sales for the 4-week fiscal month ended August 27,
2016 decreased 14.0 percent to $87.2 million compared to net sales
of $101.4 million for the prior year 4-week fiscal month ended
August 29, 2015.
Comparable store net sales year-to-date for the 30-week period
ended August 27, 2016 decreased 11.6 percent from comparable store
net sales for the 30-week period ended August 29, 2015. Net sales
for the 30-week fiscal period ended August 27, 2016 decreased 10.8
percent to $542.9 million from net sales of $608.8 million for the
prior year 30-week fiscal period ended August 29, 2015.
Please note that net sales for the 4-week and 30-week periods
ended August 27, 2016 are reported net of the impact of both reward
redemptions and accruals for estimated future rewards related to
the Company’s new Guest Loyalty program, which launched during the
fiscal quarter ended April 30, 2016.
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 470 retail stores
in 44 states compared to 464 stores in 44 states as of September 1,
2015. 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
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version on businesswire.com: http://www.businesswire.com/news/home/20160901005226/en/
The Buckle, Inc.Karen B. Rhoads, 308-236-8491Chief
Financial Officer
Buckle (NYSE:BKE)
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