The Buckle, Inc. Reports July 2017 Net Sales
August 03 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 4-week
period ended July 29, 2017 decreased 8.4 percent in comparison to
comparable store net sales for the 4-week period ended July 30,
2016. Net sales for the 4-week fiscal month ended July 29, 2017
decreased 9.0 percent to $60.6 million compared to net sales of
$66.5 million for the prior year 4-week fiscal month ended July 30,
2016.
Comparable store net sales for the 13-week second quarter ended
July 29, 2017 decreased 7.7 percent from comparable store net sales
for the 13-week period ended July 30, 2016. Net sales for the
13-week fiscal quarter ended July 29, 2017 decreased 7.8 percent to
$195.7 million from net sales of $212.2 million for the prior year
13-week fiscal quarter ended July 30, 2016.
Comparable store net sales year-to-date for the 26-week period
ended July 29, 2017 decreased 10.3 percent from comparable store
net sales for the 26-week period ended July 30, 2016. Net sales for
the 26-week fiscal period ended July 29, 2017 decreased 10.5
percent to $407.9 million from net sales of $455.7 million for the
prior year 26-week fiscal period ended July 30, 2016.
The Company will announce second quarter earnings the morning of
Thursday, August 17, 2017. Management will hold a conference call
at 10:00 a.m. EDT on August 17, 2017 to discuss results for the
quarter. To participate in the call, please call (800) 230-1059 for
domestic calls or (612) 234-9959 for international calls and
reference the conference code 428167. A replay of the call will be
available for a two-week period beginning August 17, 2017 at 12:00
p.m. EDT by calling (800) 475-6701 for domestic calls or (320)
365-3844 for international calls and entering the conference code
428167.
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 463 retail stores
in 44 states, which includes the opening of one new store during
fiscal July in Sparks, Nevada. The Company operated 470 stores in
44 states as of August 3, 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 befound on the Internet at www.buckle.com
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version on businesswire.com: http://www.businesswire.com/news/home/20170803005107/en/
The Buckle, Inc.Thomas B. Heacock, 308-236-8491Chief
Financial Officer
Buckle (NYSE:BKE)
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