The Buckle, Inc. Reports August 2021 Net Sales

Rhea-AI Summary

The Buckle, Inc. (NYSE: BKE) reported a significant increase in comparable store net sales for the 4-week period ending August 28, 2021, rising by 42.7% from the previous year, reaching $111.6 million in total net sales. Year-to-date figures also show a 72.0% increase in comparable store net sales compared to the previous year, totaling $705.9 million. The company operates 442 retail stores in 42 states, down from 446 stores as of September 2, 2020, indicating stability in store presence despite closures.

Positive

• Comparable store net sales for the 4-week period increased by 42.7% year-over-year.
• Net sales for the 4-week period reached $111.6 million, a 43.0% increase.
• Year-to-date comparable store net sales increased by 72.0%, totaling $705.9 million.

Negative

• Number of retail stores decreased from 446 to 442 over the past 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 August 28, 2021 increased 42.7 percent from comparable store net sales for the 4-week period ended August 29, 2020. Net sales for the 4-week fiscal month ended August 28, 2021 increased 43.0 percent to $111.6 million from net sales of $78.1 million for the prior year 4-week fiscal month ended August 29, 2020.

Comparable store net sales year-to-date for the 30-week period ended August 28, 2021 increased 72.0 percent from comparable store net sales for the 30-week period ended August 29, 2020. Net sales for the 30-week fiscal period ended August 28, 2021 increased 72.4 percent to $705.9 million from net sales of $409.5 million for the prior year 30-week fiscal period ended August 29, 2020.

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 442 retail stores in 42 states compared to 446 stores in 42 states as of September 2, 2020.

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/20210902005076/en/

Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

(308) 236-8491

Source: The Buckle, Inc.

FAQ

What were Buckle's comparable store sales for August 2021?

Buckle's comparable store net sales increased by 42.7% for the 4-week period ending August 28, 2021.

How much were Buckle's net sales for August 2021?

Buckle's net sales for the 4-week fiscal month ended August 28, 2021, were $111.6 million.

What is Buckle's year-to-date sales growth for 2021?

Buckle reported a year-to-date comparable store net sales increase of 72.0%, totaling $705.9 million.

How many stores does Buckle operate as of September 2021?

Buckle operates 442 retail stores in 42 states as of September 2021.