The Buckle, Inc. Reports October 2007 Net Sales
November 08, 2007 at 07:00 AM EST
KEARNEY, Neb., Nov. 8 /PRNewswire-FirstCall/ -- The Buckle, Inc. (NYSE:BKE) announced today that net sales for the 4-week fiscal month ended November 3, 2007 increased 20.3 percent to $50.0 million from net sales of $41.5 million for the prior year 4-week fiscal month ended October 28, 2006. Comparable store net sales, for stores open at least one year, increased 14.9 percent from comparable store net sales for the 4-week period ended November 4, 2006.
Net sales for the third quarter ended November 3, 2007 increased 17.1 percent to $167.6 million compared to net sales of $143.1 million for the third quarter of fiscal 2006. Comparable store net sales for the third quarter increased 14.3 percent from comparable store net sales for the 13-week period ended November 4, 2006.
Net sales year-to-date, for the 39-week fiscal period ended November 3, 2007, increased 16.3 percent to $412.9 million from net sales of $355.1 million for the prior year 39-week fiscal period ended October 28, 2006. Comparable store net sales year-to-date increased 10.6 percent from comparable store net sales for the 39-week period ended November 4, 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 39-week periods ended November 4, 2006.
The Company will announce third quarter earnings on Wednesday, November 21, 2007. Management will hold a conference call at 10:00 a.m. EST on November 21, 2007, to discuss results for the quarter. To participate in the call, please call (877) 209-9919 and reference the conference code 893861. A replay of the call will be available for a 2-week period beginning November 21, 2007, at 12:30 p.m. EST by calling (800) 475-6701 and entering the conference code 893861.
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 367 retail stores in 38 states compared to 353 stores in 38 states as of November 8, 2006. During fiscal October, the Company opened one new store. 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 http://www.buckle.com
Contact: Karen B. Rhoads, Chief Financial Officer
The Buckle, Inc. 308/236-8491
Source: The Buckle, Inc.