The Buckle's March Comps Fall 11.8%

The industry customer reports a tough month.

Published: April 7, 2016 Press Release

THE BUCKLE, INC. REPORTS MARCH 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 five-week period ended April 2, 2016 decreased 11.8 percent in comparison to comparable store net sales for the five-week period ended April 4, 2015. Net sales for the five-week fiscal month ended April 2, 2016 decreased 11.0 percent to $96.6 million compared to net sales of $108.5 million for the prior year five-week fiscal month ended April 4, 2015.

Comparable store net sales year-to-date for the nine-week period ended April 2, 2016 decreased 10.5 percent from comparable store net sales for the nine-week period ended April 4, 2015. Net sales for the nine-week fiscal period ended April 2, 2016 decreased 9.5 percent to $178.4 million from net sales of $197.1 million for the prior year nine-week fiscal period ended April 4, 2015.

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 468 retail stores in 44 states compared to 462 stores in 44 states as of April 7, 2015.

Strategy & Planning Series
Strategy & Planning Series
Strategy & Planning Series
Strategy & Planning Series