The Buckle, Inc. Reports June 2016 Net Sales
July 07 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 5-week
period ended July 2, 2016 decreased 10.6 percent in comparison to
comparable store net sales for the 5-week period ended July 4,
2015. Net sales for the 5-week fiscal month ended July 2, 2016
decreased 10.1 percent to $78.3 million compared to net sales of
$87.1 million for the prior year 5-week fiscal month ended July 4,
2015.
Comparable store net sales year-to-date for the 22-week period
ended July 2, 2016 decreased 11.0 percent from comparable store net
sales for the 22-week period ended July 4, 2015. Net sales for the
22-week fiscal period ended July 2, 2016 decreased 10.2 percent to
$389.2 million from net sales of $433.6 million for the prior year
22-week fiscal period ended July 4, 2015.
Please note that net sales for the 5-week and 22-week periods
ended July 2, 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 467 retail stores
in 44 states compared to 464 stores in 44 states as of July 7,
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/20160707005132/en/
The Buckle, Inc.Karen B. Rhoads, 308-236-8491Chief
Financial Officer
Buckle (NYSE:BKE)
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