The Buckle, Inc. Reports March 2016 Net Sales
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 April 2, 2016 decreased 11.8 percent in comparison to comparable store net sales for the five-week period ended April 4, 2015. Net sales for the five-week fiscal month ended April 2, 2016 decreased 11.0 percent to $96.6 million compared to net sales of $108.5 million for the prior year five-week fiscal month ended April 4, 2015.
Comparable store net sales year-to-date for the nine-week period ended April 2, 2016 decreased 10.5 percent from comparable store net sales for the nine-week period ended April 4, 2015. Net sales for the nine-week fiscal period ended April 2, 2016 decreased 9.5 percent to $178.4 million from net sales of $197.1 million for the prior year nine-week fiscal period ended April 4, 2015.
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 468 retail stores in 44 states compared to 462 stores in 44 states as of April 7, 2015. 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
The Buckle, Inc.
Karen B. Rhoads, Chief Financial Officer, 308-236-8491