The Buckle July comps fall slightly

Press Release:

KEARNEY, Neb.--(BUSINESS WIRE)-- The Buckle, Inc. (BKE) announced today that comparable store net sales, for stores open at least one year, for the four-week period ended July 28, 2012 decreased 0.1 percent from comparable store net sales for the four-week period ended July 30, 2011.

Net sales for the four-week fiscal month ended July 28, 2012 increased 2.4 percent to $66.2 million from net sales of $64.7 million for the prior year four-week fiscal month ended July 30, 2011.

Comparable store net sales for the 13-week second quarter ended July 28, 2012 decreased 0.8 percent from comparable store net sales for the 13-week second quarter ended July 30, 2011.

Net sales for the 13-week fiscal period ended July 28, 2012 increased 1.5 percent to $215.5 million from net sales of $212.4 million for the prior year 13-week fiscal period ended July 30, 2011.

Comparable store net sales year-to-date for the 26-week period ended July 28, 2012 increased 3.6 percent from comparable store net sales for the 26-week period ended July 30, 2011.

Net sales for the 26-week fiscal period ended July 28, 2012 increased 5.9 percent to $479.2 million from net sales of $452.5 million for the prior year 26-week fiscal period ended July 30, 2011.

The Company will announce second quarter earnings the morning of Thursday, August 16, 2012. Management will hold a conference call at 10:00 a.m. EDT on August 16, 2012 to discuss results for the quarter. To participate in the call, please call (800) 398-9402 and reference the conference code 256390. A replay of the call will be available for a two-week period beginning August 16, 2012 at 12:00 p.m. EDT by calling (800) 475-6701 and entering the conference code 256390.

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 439 retail stores in 43 states, which includes the opening of four new stores during fiscal July in Niles, Ohio; Greenville, North Carolina; Las Cruces, New Mexico; and Norridge (Chicago), Illinois. The Company operated 427 stores in 41 states as of August 2, 2011.