The Buckle, Inc. Reports December 2016 Net Sales
January 05 2017 - 6:00AM
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 December 31, 2016 decreased 15.5 percent in comparison
to comparable store net sales for the 5-week period ended January
2, 2016. Net sales for the 5-week fiscal month ended December 31,
2016 decreased 15.1 percent to $154.6 million compared to net sales
of $182.1 million for the prior year 5-week fiscal month ended
January 2, 2016.
Comparable store net sales year-to-date for the 48-week period
ended December 31, 2016 decreased 13.3 percent from comparable
store net sales for the 48-week period ended January 2, 2016. Net
sales for the 48-week fiscal period ended December 31, 2016
decreased 12.7 percent to $931.0 million from net sales of $1.067
billion for the prior year 48-week fiscal period ended January 2,
2016.
Please note that net sales for the 5-week and 48-week periods
ended December 31, 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 470 retail stores
in 44 states, which includes the closing of one store in North
Wales, Pennsylvania at the end of fiscal December. The Company
operated 469 stores in 44 states as of January 5, 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/20170105005313/en/
The Buckle, Inc.Karen B. Rhoads, 308-236-8491Chief
Financial Officer
Buckle (NYSE:BKE)
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