The Buckle, Inc. Reports October 2005 Sales
November 03 2005 - 7:00AM
PR Newswire (US)
KEARNEY, Neb., Nov. 3 /PRNewswire-FirstCall/ -- The Buckle, Inc.
(NYSE: BKE) announced today that sales for the four-week period
ended October 29, 2005 increased by 9.5 percent to $39.2 million
from sales of $35.8 million in the corresponding four-week period
ended October 30, 2004. Comparable-store sales, for stores open at
least one year, for the four- week period ended October 29, 2005
rose 4.3 percent from comparable-store sales for the prior year
four-week period ended October 30, 2004. Net sales year-to-date,
for the 39-week period ended October 29, 2005 increased 6.9 percent
to $347.7 million from sales of $325.3 million for the same 39-week
period a year ago. Comparable-store sales year-to-date increased
2.3 percent from comparable-store sales in the same 39-week period
last year. Net sales for the third quarter ended October 29, 2005,
increased 3.2 percent to $138.0 million compared to net sales of
$133.7 million for the third quarter of fiscal 2004. Comparable
store net sales, for stores open at least one year, were down 0.9
percent for the 13 weeks ended October 29, 2005, compared with the
13 weeks ended October 30, 2004. During the four-week period ended
October 29, 2005, the Company repurchased 200 shares of its common
stock at an average price of $33.70 per share. These shares were
purchased pursuant to the 500,000 share corporate stock repurchase
program authorized by the Board of Directors on October 12, 2005.
Headquartered in Kearney, Nebraska, The Buckle, Inc. is a retailer
of casual apparel, footwear and accessories for young men and
women. It currently operates 338 retail stores in 38 states which
includes the opening of one new store today in Alpharetta, Georgia.
The Company operated 328 stores in 38 states at this same time a
year ago. The Company will open three new stores later this month
in Loveland, Colorado, Dayton, Ohio and Youngstown, Ohio. Two
stores remain closed due to Hurricane Katrina as restoration
efforts continue. 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
http://www.buckle.com/ Contact: Karen B. Rhoads, Chief Financial
Officer The Buckle, Inc. 308/236-8491 DATASOURCE: The Buckle, Inc.
CONTACT: Karen B. Rhoads, Chief Financial Officer of The Buckle,
Inc., +1-308-236-8491 Web site: http://www.buckle.com/
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