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 January 4, 2014 decreased 2.8 percent from comparable store net sales for the 5-week period ended January 5, 2013. Net sales for the 5-week fiscal month ended January 4, 2014 decreased 2.2 percent to $180.9 million from net sales of $185.0 million for the prior year 5-week fiscal month ended December 29, 2012.
Comparable store net sales year-to-date for the 48-week period ended January 4, 2014 increased 0.4 percent from comparable store net sales for the 48-week period ended January 5, 2013. Net sales for the 48-week fiscal period ended January 4, 2014 increased 2.5 percent to $1.071 billion from net sales of $1.045 billion for the prior year 48-week fiscal period ended December 29, 2012.
Due to the 53
week in fiscal 2012, comparable store net sales for the month and year-to-date periods are compared to the 5-week and 48-week periods ended January 5, 2013.
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 450 retail stores in 43 states compared to 440 stores in 43 states as of January 9, 2013. This includes the recent closure of two stores, including one store post-holiday in fiscal December and one store this week. To listen to the Company’s 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 Company’s 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 Company’s 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.