The Buckle, Inc. Reports July 2007 Net Sales
August 09, 2007 at 07:00 AM EDT
KEARNEY, Neb., Aug. 9 /PRNewswire-FirstCall/ -- The Buckle, Inc. (NYSE:BKE) announced today that net sales for the 4-week fiscal month ended August 4, 2007 increased 30.3 percent to $44.3 million from net sales of $34.0 million for the prior year 4-week fiscal month ended July 29, 2006. Comparable store net sales, for stores open at least one year, increased 7.6 percent from comparable store net sales for the 4-week period ended August 5, 2006.
Net sales for the second quarter ended August 4, 2007 increased 21.3 percent to $124.3 million compared to net sales of $102.4 million for the second quarter of fiscal 2006. Comparable store net sales for the second quarter increased 10.1 percent from comparable store net sales for the 13-week period ended August 5, 2006.
Net sales year-to-date, for the 26-week fiscal period ended August 4, 2007, increased 15.7 percent to $245.4 million from net sales of $212.0 million for the prior year 26-week fiscal period ended July 29, 2006. Comparable store net sales year-to-date increased 8.3 percent from comparable store net sales for the 26-week period ended August 5, 2006.
Due to the 53rd week in fiscal 2006, comparable store net sales for the month, quarter, and year-to-date periods are compared to the 4-week, 13-week, and 26-week periods ended August 5, 2006.
The Company will announce second quarter earnings on Thursday, August 23, 2007. Management will hold a conference call at 11:00 a.m. EDT on August 23, 2007, to discuss results for the quarter. To participate in the call, please call (800) 230-1951 and reference the conference code 883075. A replay of the call will be available for a 2-week period beginning August 23, 2007, at 2:30 p.m. EDT by calling (800) 475-6701 and entering the conference code 883075.
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 363 retail stores in 38 states, which includes today's opening of a new store in Irvine, California. The Company operated 346 stores in 38 states as of August 9, 2006. During fiscal July, the Company opened five new stores. 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
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 http://www.buckle.com
Contact: Karen B. Rhoads, Chief Financial Officer The Buckle, Inc. 308/236-8491 The Buckle, Inc. 2407 W. 24th St. Kearney, NE 68845 P.O. Box 1480 Kearney, NE 68848-1480 phone: 308-236-8491 fax: 308-236-4493 web: http://www.buckle.com
Source: The Buckle, Inc.