The Buckle, Inc. Reports October 2016 Net Sales
November 03 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 October 29, 2016 decreased 15.5 percent in comparison
to comparable store net sales for the 4-week period ended October
31, 2015. Net sales for the 4-week fiscal month ended October 29,
2016 decreased 15.1 percent to $69.1 million compared to net sales
of $81.4 million for the prior year 4-week fiscal month ended
October 31, 2015.
Comparable store net sales for the 13-week third quarter ended
October 29, 2016 decreased 15.3 percent from comparable store net
sales for the 13-week period ended October 31, 2015. Net sales for
the 13-week fiscal quarter ended October 29, 2016 decreased 14.6
percent to $239.2 million from net sales of $280.2 million for the
prior year 13-week fiscal quarter ended October 31, 2015.
Comparable store net sales year-to-date for the 39-week period
ended October 29, 2016 decreased 12.5 percent from comparable store
net sales for the 39-week period ended October 31, 2015. Net sales
for the 39-week fiscal period ended October 29, 2016 decreased 11.8
percent to $694.9 million from net sales of $787.6 million for the
prior year 39-week fiscal period ended October 31, 2015.
Please note that net sales for the 4-week, 13-week, and 39-week
periods ended October 29, 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.
The Company will announce third quarter earnings the morning of
Friday, November 18, 2016. Management will hold a conference call
at 10:00 a.m. EST on November 18, 2016 to discuss results for the
quarter. To participate in the call, please call (888) 428-4476 for
domestic calls or (651) 291-0561 for international calls and
reference the conference code 405754. A replay of the call will be
available for a two-week period beginning November 18, 2016 at
12:00 p.m. EST by calling (800) 475-6701 for domestic calls or
(320) 365-3844 for international calls and entering the conference
code 405754.
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 469 stores in 44 states as of November 3,
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/20161103005178/en/
The Buckle, Inc.Karen B. Rhoads, 308-236-8491Chief
Financial Officer
Buckle (NYSE:BKE)
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