THE BUCKLE, INC. REPORTS JUNE 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 July 2, 2016 decreased 10.6 percent in comparison to comparable store net sales for the 5-week period ended July 4, 2015. Net sales for the 5- week fiscal month ended July 2, 2016 decreased 10.1 percent to $78.3 million compared to net sales of $87.1 million for the prior year 5-week fiscal month ended July 4, 2015.
Comparable store net sales year-to-date for the 22-week period ended July 2, 2016 decreased 11.0 percent from comparable store net sales for the 22-week period ended July 4, 2015. Net sales for the 22-week fiscal period ended July 2, 2016 decreased 10.2 percent to $389.2 million from net sales of $433.6 million for the prior year 22-week fiscal period ended July 4, 2015.
Please note that net sales for the 5-week and 22-week periods ended July 2, 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 467 retail stores in 44 states compared to 464 stores in 44 states as of July 7, 2015.
