The Buckle, Inc. Reports July 2012 Net Sales
KEARNEY, Neb.--(BUSINESS WIRE)-- The Buckle, Inc. (BKE) announced today that comparable store net sales, for stores open at least one year, for the four-week period ended July 28, 2012 decreased 0.1 percent from comparable store net sales for the four-week period ended July 30, 2011. Net sales for the four-week fiscal month ended July 28, 2012 increased 2.4 percent to $66.2 million from net sales of $64.7 million for the prior year four-week fiscal month ended July 30, 2011.
Comparable store net sales for the 13-week second quarter ended July 28, 2012 decreased 0.8 percent from comparable store net sales for the 13-week second quarter ended July 30, 2011. Net sales for the 13-week fiscal period ended July 28, 2012 increased 1.5 percent to $215.5 million from net sales of $212.4 million for the prior year 13-week fiscal period ended July 30, 2011.
Comparable store net sales year-to-date for the 26-week period ended July 28, 2012 increased 3.6 percent from comparable store net sales for the 26-week period ended July 30, 2011. Net sales for the 26-week fiscal period ended July 28, 2012 increased 5.9 percent to $479.2 million from net sales of $452.5 million for the prior year 26-week fiscal period ended July 30, 2011.
The Company will announce second quarter earnings the morning of Thursday, August 16, 2012. Management will hold a conference call at 10:00 a.m. EDT on August 16, 2012 to discuss results for the quarter. To participate in the call, please call (800) 398-9402 and reference the conference code 256390. A replay of the call will be available for a two-week period beginning August 16, 2012 at 12:00 p.m. EDT by calling (800) 475-6701 and entering the conference code 256390.
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 Companys exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 439 retail stores in 43 states, which includes the opening of four new stores during fiscal July in Niles, Ohio; Greenville, North Carolina; Las Cruces, New Mexico; and Norridge (Chicago), Illinois. The Company operated 427 stores in 41 states as of August 2, 2011. To listen to the Companys recorded monthly sales commentary, please call (308) 238-2500.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: All forward-looking statements made by the Company involve material risks and uncertainties and are subject to change based on factors which may be beyond the Company's control. Accordingly, the Companys future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, but are not limited to, those described in the Companys filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.
News releases and other information about The Buckle, Inc., can be
found on the Internet at www.buckle.com
The Buckle, Inc.
Karen B. Rhoads, Chief Financial Officer, 308-236-8491
Source: The Buckle, Inc.Copyright Business Wire 2012