The Buckle, Inc. Reports January 2019 Net Sales
KEARNEY, Neb.--(BUSINESS WIRE)--Feb 7, 2019--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 February 2, 2019 decreased 2.2 percent from comparable store net sales for the 4-week period ended February 3, 2018. Net sales for the 4-week fiscal month ended February 2, 2019 decreased 17.9 percent to $45.8 million from net sales of $55.7 million for the prior year 5-week fiscal month ended February 3, 2018.
Comparable store net sales for the 13-week fourth quarter ended February 2, 2019 decreased 0.6 percent from comparable store net sales for the 13-week period ended February 3, 2018. Net sales for the 13-week fiscal fourth quarter ended February 2, 2019 decreased 6.0 percent to $264.4 million compared to net sales of $281.2 million for the prior year 14-week fiscal fourth quarter ended February 3, 2018.
Comparable store net sales for the 52-week year-to-date period ended February 2, 2019 decreased 0.9 percent from comparable store net sales for the 52-week period ended February 3, 2018. Net sales for the 52-week fiscal period ended February 2, 2019 decreased 3.1 percent to $885.5 million from net sales of $913.4 million for the prior year 53-week fiscal period ended February 3, 2018.
Due to the 53 rd week in fiscal 2017, comparable store net sales for the month, quarter, and year-to-date periods are compared to the 4-week, 13-week, and 52-week periods ended February 3, 2018 while total net sales are compared to the 5-week, 14-week, and 53-week fiscal periods ended February 3, 2018.
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 450 retail stores in 42 states which includes the closing of three stores during fiscal January. The Company operated 457 stores in 44 states as of February 7, 2018. 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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CONTACT: Thomas B. Heacock, Chief Financial Officer
The Buckle, Inc.
KEYWORD: UNITED STATES NORTH AMERICA NEBRASKA
INDUSTRY KEYWORD: RETAIL FASHION
SOURCE: The Buckle, Inc.
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PUB: 02/07/2019 06:50 AM/DISC: 02/07/2019 06:50 AM