THE BUCKLE, INC. REPORTS DECEMBER 2016 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 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.
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