The Buckle, Inc. Reports July 2008 Net Sales
August 07, 2008 at 07:00 AM EDT
KEARNEY, NE -- (Marketwire) -- 08/07/08 -- 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 August 2, 2008, increased 20.9 percent from comparable store net sales for the four-week period ended August 4, 2007. Net sales for the four-week fiscal month ended August 2, 2008 increased 28.7 percent to $57.0 million from net sales of $44.3 million for the prior year four-week fiscal month ended August 4, 2007.
Comparable store net sales for the 13-week second quarter ended August 2, 2008 increased 27.8 percent from comparable store net sales for the prior year 13-week second quarter ended August 4, 2007. Net sales for the 13-week fiscal period ended August 2, 2008 increased 36.6 percent to $169.8 million from net sales of $124.3 million for the prior year 13-week fiscal period ended August 4, 2007.
Comparable store net sales year-to-date for the 26-week period ended August 2, 2008 increased 26.7 percent from comparable store net sales for the 26-week period ended August 4, 2007. Net sales for the 26-week fiscal period ended August 2, 2008 increased 34.5 percent to $330.1 million from net sales of $245.4 million for the prior year 26-week fiscal period ended August 4, 2007.
The Company will announce second quarter earnings on Thursday, August 21, 2008. Management will hold a conference call at 10:30 a.m. EDT on August 21, 2008, to discuss results for the quarter. To participate in the call, please call (800) 230-1092 and reference the conference code 956639. A replay of the call will be available for a two-week period beginning August 21, 2008, at 12:30 p.m. EDT by calling (800) 475-6701 and entering the conference code 956639.
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 381 retail stores in 39 states compared to 362 stores in 38 states as of August 7, 2007. During fiscal July, the Company opened four new stores in the following locations: Virginia Beach, Virginia; Augusta, Georgia; Palm Desert, California and Pearland, Texas. 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.