The Buckle, Inc. Reports March 2017 Net Sales
April 06 2017 - 07:00AM
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.
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 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 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/20170406005233/en/
The Buckle, Inc.Karen B. Rhoads, 308-236-8491Chief
Financial Officer
Buckle (NYSE:BKE)
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