THE BUCKLE, INC. REPORTS OCTOBER 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 4-week period ended October 29, 2016 decreased 15.5 percent in comparison to comparable store net sales for the 4-week period ended October 31, 2015. Net sales for the 4-week fiscal month ended October 29, 2016 decreased 15.1 percent to $69.1 million compared to net sales of $81.4 million for the prior year 4-week fiscal month ended October 31, 2015.
Comparable store net sales for the 13-week third quarter ended October 29, 2016 decreased 15.3 percent from comparable store net sales for the 13-week period ended October 31, 2015. Net sales for the 13- week fiscal quarter ended October 29, 2016 decreased 14.6 percent to $239.2 million from net sales of $280.2 million for the prior year 13-week fiscal quarter ended October 31, 2015.
Comparable store net sales year-to-date for the 39-week period ended October 29, 2016 decreased 12.5 percent from comparable store net sales for the 39-week period ended October 31, 2015. Net sales for the 39-week fiscal period ended October 29, 2016 decreased 11.8 percent to $694.9 million from net sales of $787.6 million for the prior year 39-week fiscal period ended October 31, 2015.
Please note that net sales for the 4-week, 13-week, and 39-week periods ended October 29, 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 compared to 469 stores in 44 states as of November 3, 2015.
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