The Buckle, Inc. Reports January 2007 Net Sales
By: PR Newswire
February 08, 2007 at 07:00 AM EST
KEARNEY, Neb., Feb. 8 /PRNewswire-FirstCall/ -- The Buckle, Inc. (NYSE:BKE) announced today that net sales for the five-week period ended February 3, 2007 increased 43.3 percent to $40.1 million from net sales of $28.0 million for the four-week period ended January 28, 2006. January 2007 was a five-week period, ending The Buckle, Inc.'s 53-week fiscal year. The prior January was a four-week period, ending a 52-week fiscal year.
Comparable store net sales, for stores open at least one year, for the five-week period ended February 3, 2007 increased 7.8 percent from comparable store net sales for the prior year five-week period ended February 4, 2006.
Net sales for the 14-week fourth quarter ended February 3, 2007 increased 14.1 percent to $175.0 million compared to net sales of $153.4 million for the 13-week fourth quarter of fiscal 2006. Comparable store net sales for the fourth quarter rose 4.8 percent from comparable store net sales for the same 14-week period last year.
Net sales year-to-date for the 53-week period ended February 3, 2007 increased 5.8 percent to $530.1 million from net sales of $501.1 million for the 52-week period ended January 28, 2006. Comparable store net sales year-to-date were flat compared to the same 53-week period last year.
Headquartered in Kearney, Nebraska, The Buckle, Inc. is a retailer of casual apparel, footwear and accessories for young men and women. With the closure of four stores post-holiday, the Company currently operates 350 retail stores in 38 states compared to 338 stores in 38 states at this same time a year ago. 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.
News releases and other information about The Buckle, Inc., can be found on the Internet at www.buckle.com Contact: Karen B. Rhoads, Chief Financial Officer The Buckle, Inc. 308/236-8491
Source: The Buckle, Inc.