The Buckle Comps Fall in March

While same store sales were negative, sales trends improved from February.

Published: April 6, 2017 Press Release

THE BUCKLE, INC. REPORTS MARCH 2017 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 April 1, 2017 decreased 10.1 percent in comparison to comparable store net sales for the 5-week period ended April 2, 2016. Net sales for the 5- week fiscal month ended April 1, 2017 decreased 10.1 percent to $86.8 million compared to net sales of $96.6 million for the prior year 5-week fiscal month ended April 2, 2016.

Comparable store net sales year-to-date for the 9-week period ended April 1, 2017 decreased 16.1 percent from comparable store net sales for the 9-week period ended April 2, 2016. Net sales for the 9-week fiscal period ended April 1, 2017 decreased 16.1 percent to $149.6 million from net sales of $178.4 million for the prior year 9-week fiscal period ended April 2, 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 463 retail stores in 44 states, which includes the closing of one store in Lawrence, Kansas during fiscal March and the closing of one store earlier this week in Troy, Michigan. The Company operated 468 stores in 44 states as of April 6, 2016.

 

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