The Buckle, Inc. Reports December 2017 Net Sales
January 04 2018 - 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 5-week
period ended December 30, 2017 decreased 4.1 percent in comparison
to comparable store net sales for the 5-week period ended December
31, 2016. Net sales for the 5-week fiscal month ended December 30,
2017 decreased 4.8 percent to $147.2 million compared to net sales
of $154.6 million for the prior year 5-week fiscal month ended
December 31, 2016.
Comparable store net sales year-to-date for the 48-week period
ended December 30, 2017 decreased 7.6 percent from comparable store
net sales for the 48-week period ended December 31, 2016. Net sales
for the 48-week fiscal period ended December 30, 2017 decreased 7.9
percent to $857.6 million from net sales of $931.0 million for the
prior year 48-week fiscal period ended December 31, 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 460 retail stores
in 44 states which includes the closing of one store during fiscal
December and one store subsequent to the period end. The Company
operated 470 stores in 44 states as of January 4, 2017. 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/20180104005161/en/
The Buckle, Inc.Thomas B. Heacock, 308-236-8491Chief
Financial Officer
Buckle (NYSE:BKE)
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