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The Buckle, Inc. Reports January 2014 Net Sales

Stocks in this article: BKE

The Buckle, Inc. (NYSE: BKE) announced today that comparable store net sales, for stores open at least one year, for the four-week period ended February 1, 2014 decreased 6.6 percent from comparable store net sales for the four-week period ended February 2, 2013. Net sales for the four-week fiscal month ended February 1, 2014 decreased 27.9 percent to $56.9 million from net sales of $78.8 million for the prior year five-week fiscal month ended February 2, 2013.

January 2014 was a 4-week fiscal period, ending The Buckle, Inc.’s 52-week fiscal year. January 2013 was a 5-week fiscal period, ending a 53-week fiscal year. Comparable store net sales for the month, quarter, and year-to-date periods are compared to the 4-week, 13-week, and 52-week periods ended February 2, 2013.

Comparable store net sales for the 13-week fourth quarter ended February 1, 2014 decreased 2.8 percent from comparable store net sales for the 13-week period ended February 2, 2013. Net sales for the 13-week fiscal fourth quarter ended February 1, 2014 decreased 6.0 percent to $339.0 million compared to net sales of $360.6 million for the prior year 14-week fiscal fourth quarter ended February 2, 2013.

Comparable store net sales year-to-date for the 52-week period ended February 1, 2014 were flat in comparison to the 52-week period ended February 2, 2013. Net sales for the 52-week fiscal year ended February 1, 2014 increased 0.4 percent to $1.128 billion from net sales of $1.124 billion for the prior year 53-week fiscal year ended February 2, 2013.

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 449 retail stores in 43 states compared to 440 stores in 43 states as of February 6, 2013. This includes the closure of one store this week. To listen to the Company’s recorded monthly sales commentary, please call (308) 238-2500.

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