The Buckle, Inc. Reports June 2008 Net Sales
July 09, 2008 at 07:00 AM EDT
KEARNEY, NE -- (MARKET WIRE) -- 07/09/08 -- The Buckle, Inc. (NYSE: BKE) announced today that comparable store net sales, for stores open at least one year, for the five-week period ended July 5, 2008, increased 28.9 percent from comparable store net sales for the five-week period ended July 7, 2007. Net sales for the five-week fiscal month ended July 5, 2008 increased 38.6 percent to $61.9 million from net sales of $44.7 million for the prior year five-week fiscal month ended July 7, 2007.
Comparable store net sales year-to-date for the 22-week period ended July 5, 2008 increased 28.0 percent from comparable store net sales for the 22-week period ended July 7, 2007. Net sales for the 22-week fiscal period ended July 5, 2008 increased 35.8 percent to $273.1 million from net sales of $201.1 million for the prior year 22-week fiscal period ended July 7, 2007.
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 377 retail stores in 39 states compared to 357 stores in 38 states as of July 9, 2007. During fiscal June, the Company opened one new store in Chino Hills, California. 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.