The Buckle, Inc. Reports October 2008 Net Sales
November 06, 2008 at 07:00 AM EST
KEARNEY, NE -- (Marketwire) -- 11/06/08 -- 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 November 1, 2008 increased 14.5 percent from comparable store net sales for the four-week period ended November 3, 2007. Net sales for the four-week fiscal month ended November 1, 2008 increased 20.7 percent to $60.3 million from net sales of $50.0 million for the prior year four-week fiscal month ended November 3, 2007.
Comparable store net sales for the 13-week third quarter ended November 1, 2008 increased 19.1 percent from comparable store net sales for the prior year 13-week third quarter ended November 3, 2007. Net sales for the 13-week fiscal period ended November 1, 2008 increased 25.7 percent to $210.6 million from net sales of $167.6 million for the prior year 13-week fiscal period ended November 3, 2007.
Comparable store net sales year-to-date for the 39-week period ended November 1, 2008 increased 23.7 percent from comparable store net sales for the 39-week period ended November 3, 2007. Net sales for the 39-week fiscal period ended November 1, 2008 increased 30.9 percent to $540.6 million from net sales of $412.9 million for the prior year 39-week fiscal period ended November 3, 2007.
The Company will announce third quarter earnings on Thursday, November 20, 2008. Management will hold a conference call at 10:00 a.m. EST on November 20, 2008 to discuss results for the quarter. To participate in the call, please call (866) 835-8908 and reference the conference code 968603. A replay of the call will be available for a two-week period beginning November 20, 2008 at 12:00 p.m. EST by calling (800) 475-6701 and entering the conference code 968603.
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 387 retail stores in 39 states, which includes the opening this week of three new stores in the following locations: Henderson, Nevada; Myrtle Beach, South Carolina; and Columbia, Maryland. During fiscal October, the Company opened two new stores. The Company operated 367 stores in 38 states as of November 6, 2007. 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