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The Buckle's January Comps Rise Slightly

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THE BUCKLE, INC. REPORTS JANUARY 2018 NET SALES

KEARNEY, NE -- 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 February 3, 2018 increased 0.2 percent from comparable store net sales for the 5-week period ended February 4, 2017.

Net sales for the 5-week fiscal month ended February 3, 2018 increased 27.1 percent to $55.7 million from net sales of $43.9 million for the prior year 4-week fiscal month ended January 28, 2017.

January 2018 was a 5-week fiscal period, ending Buckle’s 53-week fiscal year. The prior January was a 4- week fiscal period, ending a 52-week fiscal year. Comparable store net sales for the month, quarter, and year-to-date periods are compared to the 5-week, 14-week, and 53-week periods ended February 4, 2017.

Comparable store net sales for the 14-week fourth quarter ended February 3, 2018 decreased 3.2 percent from comparable store net sales for the 14-week period ended February 4, 2017. Net sales for the 14-week fiscal fourth quarter ended February 3, 2018 increased 0.4 percent to $281.2 million compared to net sales of $280.0 million for the prior year 13-week fiscal fourth quarter ended January 28, 2017.

Comparable store net sales year-to-date for the 53-week period ended February 3, 2018 decreased 7.2 percent from comparable store net sales for the 53-week period ended February 4, 2017. Net sales for the 53-week fiscal year ended February 3, 2018 decreased 6.3 percent to $913.4 million from net sales of $974.9 million for the prior year 52-week fiscal year ended January 28, 2017.

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 457 retail stores in 44 states, which includes the closing of five stores post-holiday. The Company operated 465 stores in 44 states as of February 8, 2017.

 

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