The Buckle, Inc. Reports April 2007 Net Sales
May 10, 2007 at 07:00 AM EDT
KEARNEY, Neb., May 10 /PRNewswire-FirstCall/ -- The Buckle, Inc. (NYSE:BKE) announced today that net sales for the four-week fiscal month ended May 5, 2007 increased 7.5 percent to $34.0 million from net sales of $31.6 million for the prior year four-week fiscal month ended April 29, 2006. Comparable store net sales, for stores open at least one year, increased 1.8 percent from comparable store net sales for the four-week period ended May 6, 2006.
Net sales year-to-date, for the thirteen-week fiscal period ended May 5, 2007, increased 10.5 percent to $121.1 million from net sales of $109.6 million for the prior year thirteen-week fiscal period ended April 29, 2006. Comparable store net sales year-to-date increased 6.4 percent from comparable store net sales for the thirteen-week period ended May 6, 2006.
Due to the 53rd week in fiscal 2006, comparable store net sales for the month and year-to-date periods are compared to the four-week and thirteen-week periods ended May 6, 2006.
Due to a shift in the timing of the Easter holiday, the Company believes it is appropriate to view March and April sales on a combined basis. Net sales for the combined nine-week fiscal period ended May 5, 2007 increased 10.6 percent to $83.4 million from net sales of $75.5 million for the prior year nine-week fiscal period ending April 29, 2006. Comparable store net sales for the combined nine-week period increased 7.0 percent from comparable store net sales for the nine-week period ended May 6, 2006.
The Company will announce first quarter earnings on Thursday, May 24, 2007. Management will hold a conference call at 11:30 a.m. EDT on May 24, 2007, to discuss results for the quarter. To participate in the call, please call (800) 553-5275 and reference the conference code 873545. A replay of the call will be available for a two-week period beginning May 24, 2007, at 3:00 p.m. EDT by calling (800) 475-6701 and entering the conference code 873545.
Headquartered in Kearney, Nebraska, The Buckle, Inc. is a retailer of casual apparel, footwear, and accessories for young men and women. During fiscal April, the Company opened one new store. It currently operates 353 retail stores in 38 states compared with 342 stores in 38 states as of May 10, 2006. 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.