The Buckle, Inc. Reports April 2022 Net Sales

Rhea-AI Summary

The Buckle, Inc. (NYSE: BKE) reported an increase in comparable store net sales for the 4-week period ending April 30, 2022, rising by 2.8% to $96.3 million compared to the previous year. For the 13-week first quarter ending April 30, 2022, comparable store net sales grew by 3.7%, with total net sales reaching $309.1 million, a 3.3% increase year-over-year. The company will announce its first quarter earnings on May 26, 2022, followed by a conference call.

Positive

• Comparable store net sales for the 4-week period increased 2.8%.
• Net sales for the 4-week fiscal month rose 2.9% to $96.3 million.
• Comparable store net sales for the 13-week first quarter increased 3.7%.
• Total net sales for the first quarter increased 3.3% to $309.1 million.

Negative

• Buckle operates 3 fewer stores compared to the previous year.

KEARNEY, Neb.--(BUSINESS WIRE)-- The Buckle, Inc. (NYSE: BKE) announced today that comparable store net sales, for stores open at least one year, for the 4-week period ended April 30, 2022 increased 2.8 percent from comparable store net sales for the 4-week period ended May 1, 2021. Net sales for the 4-week fiscal month ended April 30, 2022 increased 2.9 percent to $96.3 million from net sales of $93.6 million for the prior year 4-week fiscal month ended May 1, 2021.

Comparable store net sales for the 13-week first quarter ended April 30, 2022 increased 3.7 percent from comparable store net sales for the 13-week period ended May 1, 2021. Net sales for the 13-week fiscal first quarter ended April 30, 2022 increased 3.3 percent to $309.1 million compared to net sales of $299.1 million for the prior year 13-week fiscal first quarter ended May 1, 2021

The Company will announce first quarter earnings the morning of Thursday, May 26, 2022. Management will hold a conference call at 10:00 a.m. EDT on May 26, 2022 to discuss results for the quarter. To participate in the call, please call (877) 226-8189 for domestic calls or (409) 207-6980 for international calls and reference the conference code 6007325. A replay of the call will be available for a two-week period beginning May 26, 2022 at 1:00 p.m. EDT by calling (866) 207-1041 for domestic calls or (402) 970-0847 for international calls and entering the conference code 7485794.

About Buckle

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 439 retail stores in 42 states compared to 442 stores in 42 states as of May 5, 2021.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20220505005181/en/

Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

(308) 236-8491

Source: The Buckle, Inc.

FAQ

What were Buckle's comparable store net sales for April 2022?

Buckle's comparable store net sales for April 2022 increased by 2.8%.

How much did Buckle's net sales increase in the first quarter of 2022?

Buckle's net sales increased by 3.3% to $309.1 million in the first quarter of 2022.

When will Buckle announce its first quarter earnings?

Buckle will announce its first quarter earnings on May 26, 2022.

What is the stock symbol for The Buckle, Inc.?

The stock symbol for The Buckle, Inc. is BKE.

How many retail stores does Buckle currently operate?

Buckle currently operates 439 retail stores.