The Buckle, Inc. Reports October 2017 Net Sales
November 02 2017 - 6:55AM
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 October 28, 2017 decreased 3.7 percent in comparison
to comparable store net sales for the 4-week period ended October
29, 2016. Net sales for the 4-week fiscal month ended October 28,
2017 decreased 4.3 percent to $66.1 million compared to net sales
of $69.1 million for the prior year 4-week fiscal month ended
October 29, 2016.
Comparable store net sales for the 13-week third quarter ended
October 28, 2017 decreased 5.9 percent from comparable store net
sales for the 13-week period ended October 29, 2016. Net sales for
the 13-week fiscal quarter ended October 28, 2017 decreased 6.2
percent to $224.3 million from net sales of $239.2 million for the
prior year 13-week fiscal quarter ended October 29, 2016.
Comparable store net sales year-to-date for the 39-week period
ended October 28, 2017 decreased 8.8 percent from comparable store
net sales for the 39-week period ended October 29, 2016. Net sales
for the 39-week fiscal period ended October 28, 2017 decreased 9.0
percent to $632.2 million from net sales of $694.9 million for the
prior year 39-week fiscal period ended October 29, 2016.
The Company will announce third quarter earnings the morning of
Friday, November 17, 2017. Management will hold a conference call
at 9:30 a.m. EST on November 17, 2017 to discuss results for the
quarter. To participate in the call, please call (800) 230-1093 for
domestic calls or (612) 288-0337 for international calls and
reference the conference code 432975. A replay of the call will be
available for a two-week period beginning November 17, 2017 at
11:30 a.m. EST by calling (800) 475-6701 for domestic calls or
(320) 365-3844 for international calls and entering the conference
code 432975.
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 462 retail stores
in 44 states which includes the opening of one new store today in
Stockton, California and the closing of one store during fiscal
October. The Company operated 470 stores in 44 states as of
November 2, 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/20171102005223/en/
The Buckle, Inc.Thomas B. Heacock, 308-236-8491Chief
Financial Officer
Buckle (NYSE:BKE)
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