The Buckle, Inc. Reports April 2008 Net Sales
May 08, 2008 at 07:00 AM EDT
KEARNEY, NE -- (MARKET WIRE) -- 05/08/08 -- 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 May 3, 2008, increased 34.0 percent from comparable store net sales for the four-week period ended May 5, 2007. Net sales for the four-week fiscal month ended May 3, 2008 increased 38.3 percent to $47.0 million from net sales of $34.0 million for the prior year four-week fiscal month ended May 5, 2007.
Comparable store net sales year-to-date for the thirteen-week period ended May 3, 2008 increased 25.6 percent from comparable store net sales for the thirteen-week period ended May 5, 2007. Net sales for the thirteen-week fiscal period ended May 3, 2008 increased 32.4 percent to $160.3 million from net sales of $121.1 million for the prior year thirteen-week fiscal period ended May 5, 2007.
The Company will announce first quarter earnings on Thursday, May 22, 2008. Management will hold a conference call at 11:00 a.m. EDT on May 22, 2008, to discuss results for the quarter. To participate in the call, please call (800) 398-9367 and reference the conference code 922153. A replay of the call will be available for a 2-week period beginning May 22, 2008, at 1:00 p.m. EDT by calling (800) 475-6701 and entering the conference code 922153.
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 374 retail stores in 39 states compared to 353 stores in 38 states as of May 8, 2007. During fiscal April, the Company opened four new stores, including its first two stores in the state of Maryland, one in Annapolis and the other in Baltimore. The Company also closed one store during the fiscal month. 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